Uxin (NASDAQ:UXIN) Shares Gap Up - What's Next?

Uxin Limited (NASDAQ:UXIN) experienced an increase in its stock price before the trading session began on Friday. The shares, which closed at $4.04 the previous day, opened higher at $4.23. By the end of the trading session, Uxin shares were recorded at $4.15, with a trading volume of 204 shares.

Uxin Price Performance

The 50-day moving average price for Uxin is $4.51, while the 200-day moving average stands at $4.09. The company holds a market capitalization of approximately $763.47 million and exhibits a price-to-earnings ratio of -0.20 along with a beta of 1.20, indicating its volatility compared to the market.

Institutional Interest in Uxin

In recent developments, a hedge fund known as Advisors Preferred LLC has acquired a new stake in Uxin. This purchase was made during the fourth quarter and was reported in their latest 13F filing with the Securities and Exchange Commission. The hedge fund acquired 5,748 shares, amounting to approximately $27,000. Notably, institutional investors collectively own around 22.41% of Uxin's stock.

About Uxin

Uxin Limited serves as an investment holding company and is particularly focused on the retail sale of vehicles within China. The company manages an e-commerce platform that facilitates the buying and selling of used cars. In addition, Uxin provides services like used-car acquisition, inspection, reconditioning, warehousing, pre-sales and after-sales support, as well as value-added services related to vehicles, which includes warranty and repair, delivery, title transfers, and vehicle registration services.

Insights and Recommendations

While some analysts maintain a Hold rating on Uxin, there is speculation about other stocks being better investment opportunities. According to top analysts, there are several alternatives that might offer greater potential returns. Interested investors should be aware of these recommendations when considering their investment choices.

This report was generated to provide an accurate snapshot of Uxin's current stock performance and market interest.

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