The Uxin Limited (UXIN) shares are trading at lower $1.29 and the avg recommendation for the stock is Moderate Buy.
To add more color to this target, the company’s high over the last year is $3.80 and the low is $1.21. Over the last 52 weeks, UXIN is down -66.05% while the S&P 500 is down -0.64%. The catalyst for this interesting swing was the company’s recent earnings report.
A Notable Earnings Report
In the last quarter, UXIN reported a profit of $36.03 million. Uxin Limited also saw revenues increase to $65.24 million. In addition, UXIN has free cash flow of $0.0 as of 09-2019. The company’s EBITDA came in at -$35.79 million which compares well with its peers.
UXIN Return on Equity (ROE) is -134.40%, and its Return on Assets is -30.20%. All told, it is clear that, UXIN needs to be on your watchlist.
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Of course, we must look beyond the financials and question how well those numbers represent the sustainable earnings power of the business. Investors need to know how sustainable this current run. UXIN has a short ratio of 1.89 and outstanding shares of 299.69M.
UXIN has seen increased volume after this news and investors are putting their support behind the value proposition. Furthermore, 10-day volume stands at 1.49 million and more growth is possible in the weeks ahead. Traders will also note the company’s earnings per share came in at -0.64. Uxin Limited UXIN also noted assets of $984.53 million at the end of the last quarter. Investors should also keep an eye on sector updates as UXIN has historically followed its peers on positive news.
All told, Uxin Limited UXIN has strung together solid data and demonstrated underlying fundamentals. At its current valuation, UXIN represents an interesting risk/reward case. Traders should stay tuned to see if this recent report will push the stock to test recent resistance levels.
Uxin Limited UXIN is now commanding a market cap of 408.30M and a float of 236.76M. UXIN is increasing its credibility in this sector and that could lead to more upside down the line. Sign-up for continuing coverage on shares of UXIN stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!
Disclosure: we hold no position in UXIN, either long or short, and we have not been compensated for this article.