Secoo Holding Limited (NASDAQ: SECO) stock jumped 2.24% on Thursday to $0.84 against a previous-day closing price of $0.82. With 0.15 million shares changed hands, the volume of the stock remained lighter than its average volume of 2.77 million shares. During the session, the Internet Retail company that operates in wider Consumer Cyclical sector, reached to the highest price of $0.8680 whereas the lowest price it dropped to was $0.7850. The 52-week range on SECO shows that it touched its highest point at $5.03 and its lowest point at $0.52 during that stretch. Beta for the stock currently stands at 0.45.
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Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of SECO was down-trending over the past week, with a drop of -6.85%, but this was up by 18.08% over a month. Three-month performance dropped to -67.38% while six-month performance fell -71.09%. The stock lost -63.55% in the past year, while it has lost -54.92% so far this year.
Float and Shares Shorts:
At present, 7.07 million SECO shares are outstanding with a float of 5.75 million shares on hand for trading. On May 14, 2023, short shares totaled 0.28 million, which was 4.03% higher than short shares on Apr 13, 2023. In addition to Mr. Rixue Li as the firm’s Founder, Chairman & CEO, Mr. Shaojun Chen serves as its Chief Financial Officer.
Through their ownership of 102.06% of SECO’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 6.67% of SECO, in contrast to 1.97% held by mutual funds. Shares owned by individuals account for –. As the largest shareholder in SECO with 3.94% of the stake, FIL Investment Advisors holds 226,336 shares worth 226,336. A second-largest stockholder of SECO, FIL Investment Management, holds 174,946 shares, controlling over 3.04% of the firm’s shares. Two Sigma Investments LP is the third largest shareholder in SECO, holding 38,307 shares or 0.67% stake. With a 3.94% stake in SECO, the Fidelity China Special Situations is the largest stakeholder. A total of 226,336 shares are owned by the mutual fund manager. The Fidelity Funds SICAV – Pacific Fu, which owns about 2.44% of SECO stock, is the second-largest Mutual Fund holder. It holds 140,421 shares valued at 0.11 million. NEF – Pacific Equity holds 0.23% of the stake in SECO, owning 13,002 shares worth 10363.0.
An Overview of Recent Financials:
Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. Over the past year, revenue came in at $2.77B while operating income stood at -$1.38B. EBITDA for the full year was -$1.37B.
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for SECO since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With SECO analysts setting a high price target of $1,359.01 and a low target of $1,359.01, the average target price over the next 12 months is $1,359.01. Based on these targets, SECO could surge 161686.9% to reach the target high and rise by 161686.9% to reach the target low. Reaching the average price target will result in a growth of 161686.9% from current levels.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy.