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The closing price of Cango Inc ADR (NYSE: CANG) was $3.95 for the day, down -5.05% from the previous closing price of $4.16. In other words, the price has decreased by -$5.05 from its previous closing price. On the day, 1.21 million shares were traded. CANG stock price reached its highest trading level at $4.15 during the session, while it also had its lowest trading level at $3.8.
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 Nov 08 ’24 when Zhang Yongyi bought 250,000 shares for $2.44 per share.
Zhang Yongyi bought 100,000 shares of CANG for $172,000 on Sep 04 ’24.
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 412241760 and an Enterprise Value of -2908626944. As of this moment, Cango’s Price-to-Earnings (P/E) ratio for their current fiscal year is 8.48. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.76. For the stock, the TTM Price-to-Sale (P/S) ratio is 7.30 while its Price-to-Book (P/B) ratio in mrq is 0.51. Its current Enterprise Value per Revenue stands at -10.906 whereas that against EBITDA is -23.301.
Stock Price History:
Over the past 52 weeks, CANG has reached a high of $4.20, while it has fallen to a 52-week low of $0.92. The 50-Day Moving Average of the stock is 96.01%, while the 200-Day Moving Average is calculated to be 132.79%.
Shares Statistics:
CANG traded an average of 111.63K shares per day over the past three months and 371180 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 0.62% stake in the company. Shares short for CANG as of 1728950400 were 7837 with a Short Ratio of 0.04, compared to 1726185600 on 14906. Therefore, it implies a Short% of Shares Outstanding of 7837 and a Short% of Float of 0.029999999000000003.
