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Cango Inc ADR (NYSE: CANG) closed the day trading at $3.41 down -9.31% from the previous closing price of $3.76. In other words, the price has decreased by -$9.31 from its previous closing price. On the day, 0.53 million shares were traded. CANG stock price reached its highest trading level at $3.7056 during the session, while it also had its lowest trading level at $3.41.
Ratios:
For a better understanding of CANG, let’s 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 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 392412576 and an Enterprise Value of -2947951872. As of this moment, Cango’s Price-to-Earnings (P/E) ratio for their current fiscal year is 7.32. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.66. For the stock, the TTM Price-to-Sale (P/S) ratio is 6.31 while its Price-to-Book (P/B) ratio in mrq is 0.44. Its current Enterprise Value per Revenue stands at -11.054 whereas that against EBITDA is -23.616.
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 56.81%, while the 200-Day Moving Average is calculated to be 95.31%.
Shares Statistics:
Over the past 3-months, CANG traded about 150.31K shares per day on average, while over the past 10 days, CANG traded about 565550 shares per day. 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 0.59% stake in the company. Shares short for CANG as of 1730332800 were 4484 with a Short Ratio of 0.03, compared to 1727654400 on 3153. Therefore, it implies a Short% of Shares Outstanding of 4484 and a Short% of Float of 0.01.
