Uxin (NASDAQ:UXIN) Sees Large Volume Increase – Should You Buy?

Uxin Limited Sponsored ADR (NASDAQ:UXIN) saw an uptick in trading volume on Monday . 292,969 shares traded hands during mid-day trading, an increase of 186% from the previous session’s volume of 102,546 shares.The stock last traded at $3.96 and had previously closed at $3.62.

Analyst Upgrades and Downgrades

UXIN has been the subject of several recent analyst reports. Weiss Ratings began coverage on shares of Uxin in a research report on Thursday, October 16th. They set a “sell (e+)” rating for the company. Wall Street Zen upgraded shares of Uxin from a “sell” rating to a “hold” rating in a research note on Saturday, December 20th. Finally, Deutsche Bank Aktiengesellschaft set a $4.50 target price on Uxin and gave the stock a “buy” rating in a research report on Monday, December 22nd. One equities 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.com, Uxin presently has a consensus rating of “Hold” and an average price target of $4.50.

Uxin Price Performance

The business’s 50 day simple moving average is $2.96 and its 200 day simple moving average is $3.43. The company has a market capitalization of $749.14 million, a price-to-earnings ratio of -19.95 and a beta of 1.47.

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