The pursuit of outperformance leads many investors to carefully choose individual stocks. Picking the right ones can be a game-changer for growing your wealth.
After finishing at $4.16 in the prior trading day, Cango Inc ADR (NYSE: CANG) closed at $3.73, down -10.34%. In other words, the price has decreased by -$10.34 from its previous closing price. On the day, 0.79 million shares were traded.
Ratios:
Our goal is to gain a better understanding of CANG by taking a closer look at its different ratios. In the meantime, Its Debt-to-Equity ratio is 0.01 whereas as Long-Term Debt/Eq ratio is at 0.01.
On September 04, 2018, Goldman started tracking the stock assigning a Neutral rating and target price of $11.90.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Dec 19 ’24 when Jiayuan Lin bought 1,370,803 shares for $8.00 per share.
Song Zhipeng bought 200,000 shares of CANG for $1,382,000 on Dec 20 ’24. On Dec 20 ’24, another insider, Lin Jiayuan, who serves as the Director of the company, bought 100,000 shares for $6.91 each.
Valuation Measures:
As of this moment, Cango’s Price-to-Earnings (P/E) ratio for their current fiscal year is 8.01. For the stock, the TTM Price-to-Sale (P/S) ratio is 6.90 while its Price-to-Book (P/B) ratio in mrq is 0.48.
Stock Price History:
Over the past 52 weeks, CANG has reached a high of $9.66, while it has fallen to a 52-week low of $1.32. The 50-Day Moving Average of the stock is -22.97%, while the 200-Day Moving Average is calculated to be 34.07%.
Shares Statistics:
A total of 72.43M shares are outstanding, with a floating share count of 67.27M. Insiders hold about 7.12% of the company’s shares, while institutions hold 5.21% stake in the company.
