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ATRenew Inc. (RERE): Don’t ignore this Blaring Warning Signal

At the end of the latest market close, ATRenew Inc. (RERE) was valued at $2.54. In that particular session, Stock kicked-off at the price of $2.54 while reaching the peak value of $2.64 and lowest value recorded on the day was $2.20. The stock current value is $2.51.Recently in News on June 9, 2022, ATRenew Releases 2021 ESG Report, Leads the Recycling Industry in Defining a Carbon Emission Reduction Framework. ATRenew Inc. (“ATRenew” or the “Company”) (NYSE: RERE), a leading technology-driven pre-owned consumer electronics transactions and services platform in China, today released its second annual environmental, social, and governance (“ESG”) report (the “Report”), incorporating the Task Force on Climate-related Financial Disclosures (TCFD) recommendations, a framework set by the G20’s Financial Stability Board, for the first time. In the Report, the Company explores the climate-change-related opportunities and challenges it faces in its operation and reuse of pre-owned electronic devices through the perspectives of governance, strategy, risk management, and metrics and targets. ATRenew is proactively responding to the Chinese government’s peak carbon emissions and carbon neutrality goals by further integrating environmental and social responsibility into its commercial agenda. You can read further details here

ATRenew Inc. had a pretty Dodgy run when it comes to the market performance. The 1-year high price for the company’s stock is recorded $6.71 on 02/02/22, with the lowest value was $2.20 for the same time period, recorded on 08/01/22.

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ATRenew Inc. (RERE) full year performance was -77.18%

Price records that include history of low and high prices in the period of 52 weeks can tell a lot about the stock’s existing status and the future performance. Presently, ATRenew Inc. shares are logging -81.61% during the 52-week period from high price, and 11.56% higher than the lowest price point for the same timeframe. The stock’s price range for the 52-week period managed to maintain the performance between $2.25 and $13.65.

The company’s shares, operating in the sector of Consumer Cyclical managed to top a trading volume set approximately around 4483428 for the day, which was evidently higher, when compared to the average daily volumes of the shares.

When it comes to the year-to-date metrics, the ATRenew Inc. (RERE) recorded performance in the market was -57.74%, having the revenues showcasing -11.62% on a quarterly basis in comparison with the same period year before. At the time of this writing, the total market value of the company is set at 612.19M, as it employees total of 2497 workers.

The Analysts eye on ATRenew Inc. (RERE)

During the last month, 0 analysts gave the ATRenew Inc. a BUY rating, 0 of the polled analysts branded the stock as an OVERWEIGHT, 0 analysts were recommending to HOLD this stock, 0 of them gave the stock UNDERWEIGHT rating, and 0 of the polled analysts provided SELL rating.

According to the data provided on Barchart.com, the moving average of the company in the 100-day period was set at 2.98, with a change in the price was noted -0.95. In a similar fashion, ATRenew Inc. posted a movement of -27.46% for the period of last 100 days, recording 473,538 in trading volumes.

Total Debt to Equity Ratio (D/E) can also provide valuable insight into the company’s financial health and market status. The debt to equity ratio can be calculated by dividing the present total liabilities of a company by shareholders’ equity. Debt to Equity thus makes a valuable metrics that describes the debt, company is using in order to support assets, correlating with the value of shareholders’ equity The total Debt to Equity ratio for RERE is recording 0.03 at the time of this writing. In addition, long term Debt to Equity ratio is set at 0.00.

Technical rundown of ATRenew Inc. (RERE)

Raw Stochastic average of ATRenew Inc. in the period of last 50 days is set at 25.83%. The result represents downgrade in oppose to Raw Stochastic average for the period of the last 20 days, recording 28.97%. In the last 20 days, the company’s Stochastic %K was 20.63% and its Stochastic %D was recorded 23.95%.

Considering, the past performance of ATRenew Inc., multiple moving trends are noted. Year-to-date Price performance of the company’s stock appears to be encouraging, given the fact the metric is recording -57.74%. Additionally, trading for the stock in the period of the last six months notably deteriorated by -56.65%, alongside a downfall of -77.18% for the period of the last 12 months. The shares increased approximately by 0.40% in the 7-day charts and went up by -16.05% in the period of the last 30 days. Common stock shares were lifted by -11.62% during last recorded quarter.

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