Free Trial

ATRenew (NYSE:RERE) Trading 5.1% Higher - Time to Buy?

ATRenew logo with Business Services background

ATRenew Inc. (NYSE:RERE - Get Free Report)'s share price shot up 5.1% during trading on Wednesday . The company traded as high as $3.17 and last traded at $3.17. 192,904 shares were traded during mid-day trading, a decline of 83% from the average session volume of 1,108,153 shares. The stock had previously closed at $3.01.

ATRenew Price Performance

The firm has a market capitalization of $710.89 million, a P/E ratio of -58.29, a PEG ratio of 0.41 and a beta of 0.08. The company has a fifty day moving average of $3.00 and a 200 day moving average of $2.81.

Institutional Investors Weigh In On ATRenew

Several large investors have recently modified their holdings of the company. Walleye Capital LLC bought a new stake in ATRenew during the third quarter valued at $32,000. Centiva Capital LP boosted its position in shares of ATRenew by 342.2% during the 3rd quarter. Centiva Capital LP now owns 75,483 shares of the company's stock valued at $210,000 after purchasing an additional 58,413 shares in the last quarter. Harber Asset Management LLC grew its stake in ATRenew by 14.6% during the third quarter. Harber Asset Management LLC now owns 1,094,617 shares of the company's stock worth $3,043,000 after purchasing an additional 139,842 shares during the period. Quadrature Capital Ltd increased its holdings in ATRenew by 67.8% in the third quarter. Quadrature Capital Ltd now owns 70,729 shares of the company's stock worth $197,000 after purchasing an additional 28,569 shares in the last quarter. Finally, SG Americas Securities LLC acquired a new position in ATRenew in the fourth quarter valued at approximately $137,000. 19.29% of the stock is currently owned by institutional investors and hedge funds.

About ATRenew

(Get Free Report)

ATRenew Inc, through its subsidiaries, operates pre-owned consumer electronics transactions and services platform in the People's Republic of China. It primarily sells mobile phones, laptops, tablets, drones, digital cameras; and vintage bags, watches, liquor, gold, and various household goods through its online platforms and offline stores, as well as provides services to third-party merchants to sell the products through its platforms.

Featured Articles

Should You Invest $1,000 in ATRenew Right Now?

Before you consider ATRenew, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and ATRenew wasn't on the list.

While ATRenew currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

7 Energy Stocks to Buy and Hold Forever Cover

With the proliferation of data centers and electric vehicles, the electric grid will only get more strained. Download this report to learn how energy stocks can play a role in your portfolio as the global demand for energy continues to grow.

Get This Free Report
Like this article? Share it with a colleague.

Featured Articles and Offers

Recent Videos

Markets in Rally Mode: Will Earnings Keep It Going?
3 Tech Stocks to Buy Now—And 3 You’ll Regret Keeping
After Stellar Earnings, Is TSMC the Next Chip Leader?

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines