Uxin

Uxin experienced a volatile session: after surging to a pre-market high of $1.964, the stock opened sharply lower and closed at $1.830, down 5.7% from the previous close of $1.940, with a thin volume of 12,688 shares and a turnover rate of 0.02%. The decline was driven by its Q1 earnings report: while revenue surged 123.75% YoY to $155.3 million, net loss widened 94.09% to $14.18 million and EPS of -$0.064 missed expectations; the Q2 outlook for sequential growth also failed to reassure investors. In terms of price positioning, the stock remains 65.86% below its 52-week high of $5.36 and has declined 49.45% YTD, trading below both the 20-day MA ($1.875) and 60-day MA ($2.426). However, the company continued to generate rapid topline growth, and the CEO's disclosed Rule 10b5-1 purchase plan for up to $5 million in ADSs provides a floor for the stock.