Bitauto Holdings Limited [BITA] stock is down -0.13 while the S&P 500 has risen 0.44% on Thursday, 10/15/20. While at the time of this article, BITA ATR is sitting at 0.04, with the beta value at 0.71. This stock’s volatility for the past week remained at 0.28%, while it was 0.26% for the past 30-day period. BITA has fallen -$0.02 from the previous closing price of $15.86 on volume of 0.99 million shares.

On 19, September 2020, Bitauto Holdings Limited to Hold Extraordinary General Meeting of Shareholders. According to news published on Yahoo Finance, Bitauto Holdings Limited (“Bitauto” or the “Company”) (NYSE: BITA), a leading provider of internet content & marketing services, and transaction services for China’s automotive industry, today announced it has called an extraordinary general meeting of shareholders (the “EGM”), to be held on October 23, 2020 at 10:00 a.m. (China Standard Time), at JingAn Kerry Centre, Tower II, 46th Floor, 1539 Nanjing West Road, Shanghai 200040, China, to consider and vote on, among other things, the proposal to authorize and approve the previously announced agreement and plan of merger (the “Merger Agreement”) , dated June 12, 2020, among the Company, Yiche Holding Limited (“Parent”), and Yiche Mergersub Limited, a wholly owned Subsidiary of Parent (“Merger Sub”), the plan of merger required to be filed with the Registrar of Companies of the Cayman Islands (the “Plan of Merger”) and the transactions contemplated thereby, including the merger.

Analyst Birdseye View:

The most recent analyst activity for Bitauto Holdings Limited [NYSE:BITA] stock was on August 29, 2018, when it was Resumed with an Overweight rating from JP Morgan. On May 03, 2018, CLSA Downgrade an Underperform rating. On January 10, 2018, CLSA Downgrade an Outperform rating. On January 02, 2018, Citigroup Initiated a Buy rating. On December 13, 2017, Morgan Stanley Initiated an Overweight rating. On September 01, 2017, CLSA Upgrade a Buy rating.

In the past 52 weeks of trading, this stock has oscillated between a low of $9.60 and a peak of $15.95. Right now, the middling Wall Street analyst 12-month amount mark is $110.60. At the most recent market close, shares of Bitauto Holdings Limited [NYSE:BITA] were valued at $15.84. According to the average price forecast, investors can expect a potential return of 85.69%.

FUNDAMENTAL ANALYSIS

Bitauto Holdings Limited [NYSE:BITA] most recently reported quarterly sales of 275.98 billion, which represented growth of -29.90%. This publicly-traded organization’s revenue is $196,115 per employee, while its income is -$21,943 per employee. This company’s Gross Margin is currently 62.50%, its Operating Margin is -35.60%, its Pretax Margin is -9.47, and its Net Margin is -11.19. Continuing to look at profitability, this corporation’s Return on Assets, Equity, Whole Principal & invested Principal is sitting at -2.23, -11.40, -2.33 and -7.13 respectively.

The Principal structure of this organization shows its whole liability to whole principal at 67.32 and the whole liability to whole assets at 42.51. It shows enduring liability to the whole principal at 11.31 and enduring liability to assets at 0.07 while looking for an extended time period.

Readers are usually of view to make a close observation to the indicators that support and make resistance before moving to any particular stock. As of now, the company’s stock is sitting at 15.85 points at 1st support level, the second support level is making up to 15.84. But as of 1st resistance point, this stock is sitting at 15.87 and at 15.88 for 2nd resistance point.

Bitauto Holdings Limited [BITA] reported its earnings at -$1.29 per share in the fiscal quarter closing of 3/30/2020. The Analysts for Wall Street were expecting to report its earnings at -$0.82/share signifying the difference of -0.47 and -57.30% surprise value. Comparing the previous quarter ending of 12/30/2019, the stated earnings were -$1.13 calling estimates for $0.17/share with the difference of -1.3 depicting the surprise of -764.70%.

Important Ratio’s To Watch

Meanwhile, turning our focus to liquidity, the Current Ratio for Bitauto Holdings Limited [NYSE:BITA] is 1.40. Likewise, the Quick ratio is also the same, showing Cash ratio at 0.31. Now if looking for a valuation of this stock’s amount to sales ratio it’s 0.68 and it’s amount to book ratio is 0.75.