Uxin (NASDAQ:UXIN) Trading Up 4.3% – What’s Next?

Uxin Limited Sponsored ADR (NASDAQ:UXIN) shares traded up 4.3% during mid-day trading on Friday . The stock traded as high as $1.21 and last traded at $1.20. Approximately 99,380 shares traded hands during trading, a decline of 69% from the average daily volume of 320,981 shares. The stock had previously closed at $1.15.

Analysts Set New Price Targets

UXIN has been the subject of several research analyst reports. Wall Street Zen downgraded shares of Uxin from a “hold” rating to a “sell” rating in a research report on Saturday, June 20th. Weiss Ratings reissued a “sell (e+)” rating on shares of Uxin in a report on Wednesday, July 8th. One research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $4.50.

Uxin Price Performance

The stock has a 50 day simple moving average of $1.51 and a two-hundred day simple moving average of $2.47. The company has a market cap of $259.73 million, a price-to-earnings ratio of -5.71 and a beta of 0.86.

Uxin Company Profile

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.