Uxin (NASDAQ:UXIN) Trading Up 4.8% – Here’s What Happened

Uxin Limited Sponsored ADR (NASDAQ:UXINGet Free Report)’s share price shot up 4.8% on Tuesday . The stock traded as high as $3.51 and last traded at $3.52. 233,694 shares changed hands during mid-day trading, an increase of 86% from the average session volume of 125,496 shares. The stock had previously closed at $3.36.

Analysts Set New Price Targets

Several equities analysts recently weighed in on UXIN shares. Weiss Ratings began coverage on shares of Uxin in a research report on Thursday, October 16th. They set a “sell (e+)” rating on the stock. Deutsche Bank Aktiengesellschaft set a $4.50 target price on shares of Uxin and gave the stock a “buy” rating in a research report on Monday, December 22nd. Finally, Wall Street Zen upgraded shares of Uxin from a “sell” rating to a “hold” rating in a research note on Saturday, December 20th. One analyst has rated the stock with a Buy rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $4.50.

Check Out Our Latest Stock Analysis on UXIN

Uxin Stock Performance

The business’s 50 day moving average price is $2.91 and its 200-day moving average price is $3.44. The company has a market cap of $661.72 million, a price-to-earnings ratio of -17.60 and a beta of 1.39.

Uxin (NASDAQ:UXINGet Free Report) last posted its earnings results on Thursday, December 18th. The company reported ($0.03) earnings per share for the quarter. The company had revenue of $123.51 million for the quarter.

Uxin Company Profile

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Uxin Limited is a China-based online and offline used car e-commerce platform that connects vehicle buyers and sellers through an integrated digital marketplace. Headquartered in Beijing, the company operates a network of physical used-car malls alongside its proprietary online platform, enabling customers to browse, inspect and purchase pre-owned vehicles with transparency and convenience.

The company’s core business activities encompass sourcing, quality assurance and distribution of used vehicles.

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