Uxin (NASDAQ:UXIN) Stock Price Up 4.3% – Should You Buy?

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

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. Weiss Ratings reissued a “sell (e+)” rating on shares of Uxin in a research note on Wednesday, July 8th. Wall Street Zen cut shares of Uxin from a “hold” rating to a “sell” rating in a research report on Saturday, June 20th. One research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $4.50.

Uxin Price Performance

The firm has a market capitalization of $259.73 million, a P/E ratio of -5.71 and a beta of 0.86. The stock has a fifty day simple moving average of $1.51 and a two-hundred day simple moving average of $2.47.

About Uxin

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.