Uxin (NASDAQ:UXIN) Shares Gap Down – What’s Next?

Uxin Limited Sponsored ADR (NASDAQ:UXIN) gapped down prior to trading on Monday . The stock had previously closed at $3.56, but opened at $3.40. Uxin shares last traded at $3.4640, with a volume of 12,298 shares.

Analyst Ratings Changes

Several research analysts have recently issued reports on UXIN shares. Deutsche Bank Aktiengesellschaft set a $4.50 target price on shares of Uxin and gave the company a “buy” rating in a research note on Monday, December 22nd. Wall Street Zen upgraded Uxin from a “sell” rating to a “hold” rating in a report on Saturday, December 20th. Finally, Weiss Ratings reissued a “sell (e+)” rating on shares of Uxin in a report on Tuesday, January 13th. One research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Uxin has an average rating of “Hold” and an average target price of $4.50.

Uxin Price Performance

The business’s 50-day moving average is $3.49 and its 200 day moving average is $3.27. The firm has a market capitalization of $649.51 million, a P/E ratio of -17.28 and a beta of 1.51.

Uxin (NASDAQ:UXIN) last posted its quarterly earnings data on Thursday, December 18th. The company reported ($0.03) earnings per share (EPS) for the quarter. The business had revenue of $123.51 million for the quarter.

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.