Market Recap: Cheche Group Inc (CCG)’s Negative Momentum%, Closing at $1.47

Kiel Thompson

For those desiring to outshine the market, the strategic selection of individual stocks is paramount. Well-chosen stocks have the potential to substantially boost your wealth.

The closing price of Cheche Group Inc (NASDAQ: CCG) was $1.47 for the day, down -1.34% from the previous closing price of $1.49. In other words, the price has decreased by -$1.34 from its previous closing price. On the day, 0.83 million shares were traded. CCG stock price reached its highest trading level at $1.5 during the session, while it also had its lowest trading level at $1.43.

Ratios:

Our analysis of CCG’s different ratios will help us gain a deeper understanding of the company. For the most recent quarter (mrq), Quick Ratio is recorded 1.31 and its Current Ratio is at 1.31. In the meantime, Its Debt-to-Equity ratio is 0.40 whereas as Long-Term Debt/Eq ratio is at 0.16.

Valuation Measures:

Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, CCG now has a Market Capitalization of 122953176 and an Enterprise Value of 86466432. For. The Stock, the TTM Price-to-Sale (P/S) ratio is 0.25 while its Price-to-Book (P/B) ratio in mrq is 2.58. Its current Enterprise Value per Revenue stands at 0.027 whereas that against EBITDA is -2.609.

Stock Price History:

The Beta on a monthly basis for CCG is 0.41, which has changed by 0.8375 over the last 52 weeks, in comparison to a change of 0.16298151 over the same period for the S&P500. Over the past 52 weeks, CCG has reached a high of $1.54, while it has fallen to a 52-week low of $0.66. The 50-Day Moving Average of. The Stock is 64.54%, while the 200-Day Moving Average is calculated to be 66.22%.

Shares Statistics:

CCG traded an average of 340.99K shares per day over the past three months and 819540 shares per day over the past ten days. A total of 61.73M shares are outstanding, with a floating share count of 21.84M. Insiders hold about 72.96% of the company’s shares, while institutions hold 0.62% stake in the company. Shares short for CCG as of 1756425600 were 295335 with a Short Ratio of 0.87, compared to 1753920000 on 178832. Therefore, it implies a Short% of Shares Outstanding of 295335 and a Short% of Float of 0.58.

Earnings Estimates

Investors are eagerly awaiting the insights provided by 1.0 analysts currently analyzing and rating. The Stock of Cheche Group Inc (CCG).The consensus estimate for the next quarter is $0.11, with high estimates of $0.11 and low estimates of $0.11.

Analysts are recommending an EPS of between $0.0 and $0.0 for the fiscal current year, implying an average EPS of $0.0. EPS for the following year is $0.38, with 1.0 analysts recommending between $0.38 and $0.38.

Revenue Estimates

A total of 2 analysts have provided revenue estimates for CCG’s current fiscal year. The highest revenue estimate was $3.71B, while the lowest revenue estimate was $3B, resulting in an average revenue estimate of $3.36B. In the same quarter a year ago, actual revenue was $3.47BBased on 2 analysts’ estimates, the company’s revenue will be $3.78B in the next fiscal year. The high estimate is $4.09B and the low estimate is $3.47B.

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