For those aiming to surpass market returns, the art of stock picking is crucial. Making wise choices in stocks can greatly enhance your overall wealth.
The closing price of Cango Inc ADR (NYSE: CANG) was $3.21 for the day, down -0.93% from the previous closing price of $3.24. In other words, the price has decreased by -$0.93 from its previous closing price. On the day, 0.51 million shares were traded.
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:
As of this moment, Cango’s Price-to-Earnings (P/E) ratio for their current fiscal year is 6.89. For the stock, the TTM Price-to-Sale (P/S) ratio is 5.94 while its Price-to-Book (P/B) ratio in mrq is 0.41.
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 -31.76%, while the 200-Day Moving Average is calculated to be 13.56%.
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 5.26% stake in the company.
