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The closing price of Cango Inc ADR (NYSE: CANG) was $5.10 for the day, down -2.86% from the previous closing price of $5.25. In other words, the price has decreased by -$2.86 from its previous closing price. On the day, 2.19 million shares were traded. CANG stock price reached its highest trading level at $5.57 during the session, while it also had its lowest trading level at $4.96.
Ratios:
Our analysis of CANG’s different ratios will help us gain a deeper understanding of the company. 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:
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 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:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, CANG now has a Market Capitalization of 532261504 and an Enterprise Value of -2670606848. As of this moment, Cango’s Price-to-Earnings (P/E) ratio for their current fiscal year is 10.95. For the stock, the TTM Price-to-Sale (P/S) ratio is 9.43 while its Price-to-Book (P/B) ratio in mrq is 0.65. Its current Enterprise Value per Revenue stands at -10.014 whereas that against EBITDA is -21.394.
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 $0.95. The 50-Day Moving Average of the stock is 24.04%, while the 200-Day Moving Average is calculated to be 124.43%.
Shares Statistics:
CANG traded an average of 608.65K shares per day over the past three months and 1134330 shares per day over the past ten days. 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 0.60% stake in the company. Shares short for CANG as of 1734048000 were 373396 with a Short Ratio of 0.61, compared to 1731628800 on 97873. Therefore, it implies a Short% of Shares Outstanding of 373396 and a Short% of Float of 1.2.
