Investors with the goal of beating the broader market often turn to stock selection. Strategic choices in individual stocks can have a profound impact on your wealth.
The closing price of Cheche Group Inc (NASDAQ: CCG) was $0.95 for the day, up 4.02% from the previous closing price of $0.91. In other words, the price has increased by $4.02 from its previous closing price. On the day, 0.75 million shares were traded. CCG stock price reached its highest trading level at $0.96 during the session, while it also had its lowest trading level at $0.8922.
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 1.43 and its Current Ratio is at 1.43. In the meantime, Its Debt-to-Equity ratio is 0.07 whereas as Long-Term Debt/Eq ratio is at 0.01.
Insider Transactions:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Sep 05 ’24 when Zhou Jianxiang bought 100,000 shares for $0.81 per share.
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 70148544 and an Enterprise Value of -54646916. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.16 while its Price-to-Book (P/B) ratio in mrq is 1.42. Its current Enterprise Value per Revenue stands at -0.016 whereas that against EBITDA is 0.361.
Stock Price History:
The Beta on a monthly basis for CCG is 0.33, which has changed by -0.8485 over the last 52 weeks, in comparison to a change of 0.24933672 over the same period for the S&P500. Over the past 52 weeks, CCG has reached a high of $10.00, while it has fallen to a 52-week low of $0.56. The 50-Day Moving Average of the stock is 10.78%, while the 200-Day Moving Average is calculated to be -22.54%.
Shares Statistics:
CCG traded an average of 276.59K shares per day over the past three months and 356130 shares per day over the past ten days. A total of 57.15M shares are outstanding, with a floating share count of 15.50M. Insiders hold about 79.54% of the company’s shares, while institutions hold 0.53% stake in the company. Shares short for CCG as of 1730332800 were 180348 with a Short Ratio of 0.17, compared to 1727654400 on 158794. Therefore, it implies a Short% of Shares Outstanding of 180348 and a Short% of Float of 0.62.
