12 Best Multibagger Penny Stocks to Buy Now

Page 8 of 11

4. ATRenew Inc (NYSE:RERE)

Stock Performance Over Last Year: 179.61%

Number of Hedge Fund Holders: 12

Share Price as of February 5: $2.88

ATRenew Inc (NYSE:RERE) operates China’s leading platform for pre-owned consumer electronics transactions and services. Some may know the company by its former name, AiHuiShou International Co Ltd. The company’s main business involves selling laptops, mobile phones, drones, digital cameras, and other electronic products online and in some offline stores. It also offers services to third-party merchants to sell products through its platforms.

During the latest quarter, the company’s revenues surged 24.4% to $0.56 billion (RMB4.05 billion). This is also the first time it reported positive GAAP income from operations. Another highlight is that ATRenew Inc (NYSE:RERE) sold 9.1 million items during the quarter, up from 8.2 million a year ago.

ATRenew Inc (NYSE:RERE) also subscribes to the sustainable development philosophy. The company wants to play a meaningful role in creating a better environment in the future, which explains why the United Nations Global Compact (UNGC) recently recognized them in the “Forward Faster” campaign. UNGC placed them among 20 exemplary Chinese companies chosen from 75 candidates.

Page 8 of 11