Wanwu Xinxing (RERE, Financial) saw its stock price surge by 5.18% recently, with shares reaching $2.64. The trading volume stood at 278,482 shares, reflecting a turnover rate of 0.13% and a price fluctuation of 2.39%.
According to the latest financial report, RERE reported a revenue of $521 million and a net loss of $1.47 million, equating to an earnings per share (EPS) of -$0.01. The gross profit was $101 million, and the company currently has a price-to-earnings (P/E) ratio of -32.88.
Analyst recommendations are positive, with 100% of participating brokers suggesting a "buy" for RERE. No brokers advised holding or selling the stock. The internet retail sector, which RERE is part of, saw an overall increase of 1.17%.
Within this sector, other notable stocks such as D-Market Electr Svcs & Trading, Oriental Culture, and Dada Group experienced significant gains. D-Market Electr Svcs & Trading, Kidpik Corp., and Wayfair Inc. showed high trading activity, with turnover rates of 11.94%, 2.70%, and 1.64% respectively. Stocks with notable price volatility included D-Market Electr Svcs & Trading, Jeffs Brands Ltd C/Wts (To Pur Com), and Oriental Culture, with fluctuations of 52.27%, 41.88%, and 36.28% respectively.
Wanwu Xinxing Group is a platform in China for trading and servicing second-hand consumer electronics, primarily deriving income from online sales of mobile phones and other electronic devices within China.
