Uxin (NASDAQ:UXIN) CEO Kun Dai Acquires 11,836 Shares of Stock

Uxin Limited Sponsored ADR (NASDAQ:UXIN) CEO Kun Dai bought 11,836 shares of the business’s stock in a transaction dated Thursday, October 8th. The shares were purchased at an average price of $1.13 per share, for a total transaction of $13,374.68. Following the transaction, the chief executive officer directly owned 63,602 shares of the company’s stock, valued at approximately $71,870.26. This represents a 22.86% increase in their position. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Kun Dai also recently made the following trade(s):

• On Wednesday, October 7th, Kun Dai bought 5,505 shares of Uxin stock. The stock was purchased at an average cost of $1.21 per share, with a total value of $6,661.05.
• On Tuesday, October 6th, Kun Dai bought 7,023 shares of Uxin stock. The stock was purchased at an average cost of $1.24 per share, with a total value of $8,708.52.
• On Monday, October 5th, Kun Dai purchased 8,683 shares of Uxin stock. The shares were purchased at an average price of $1.27 per share, for a total transaction of $11,027.41.
• On Friday, October 2nd, Kun Dai purchased 5,672 shares of Uxin stock. The shares were purchased at an average cost of $1.29 per share, for a total transaction of $7,316.88.
• On Thursday, October 1st, Kun Dai acquired 9,000 shares of Uxin stock. The stock was purchased at an average price of $1.42 per share, with a total value of $12,780.00.
• On Wednesday, September 30th, Kun Dai acquired 7,443 shares of Uxin stock. The stock was purchased at an average cost of $1.34 per share, with a total value of $9,973.62.
• On Tuesday, September 29th, Kun Dai bought 8,440 shares of Uxin stock. The shares were acquired at an average price of $1.26 per share, for a total transaction of $10,634.40.

Uxin Price Performance

Shares of Uxin stock opened at $1.13 on Friday. The firm’s fifty day simple moving average is $1.18 and its 200-day simple moving average is $1.92. The stock has a market capitalization of $244.58 million, a price-to-earnings ratio of -4.04 and a beta of 0.75. Uxin Limited Sponsored ADR has a 12 month low of $0.90 and a 12 month high of $4.18.

Uxin (NASDAQ:UXIN) last released its quarterly earnings results on Thursday, September 24th. The company reported ($0.11) EPS for the quarter. The company had revenue of $169.44 million for the quarter.

Analyst Upgrades and Downgrades

Several analysts have recently commented on UXIN shares. Weiss Ratings restated a “sell (e+)” rating on shares of Uxin in a research note on Friday, October 2nd. Wall Street Zen cut shares of Uxin from a “hold” rating to a “sell” rating in a report on Saturday, June 20th. One research 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 company has an average rating of “Hold” and a consensus price target of $4.50.

About Uxin

Uxin Limited is a China-based used automobile retail and service company that operates through online and offline channels. The company offers consumers access to used vehicles and related transaction services, with an emphasis on vehicle selection, inspection, pricing, financing and delivery.

Uxin has historically operated as an online used-car marketplace connecting buyers and sellers across China. It later placed greater emphasis on direct used-car retail, vehicle sourcing, refurbishment, quality inspection and nationwide logistics, helping customers purchase vehicles from its inventory and arrange delivery to their location.

Founded in 2015, Uxin is headquartered in China and has served customers across multiple Chinese regions.