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.
In the latest session, Cango Inc ADR (NYSE: CANG) closed at $4.60 down -0.65% from its previous closing price of $4.63. In other words, the price has decreased by -$0.65 from its previous closing price. On the day, 0.35 million shares were traded. CANG stock price reached its highest trading level at $4.735 during the session, while it also had its lowest trading level at $4.5.
Ratios:
For a deeper understanding of Cango Inc ADR’s stock, let’s take a closer look at its various 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:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. 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 480078976 and an Enterprise Value of -2774093824. As of this moment, Cango’s Price-to-Earnings (P/E) ratio for their current fiscal year is 9.88. For the stock, the TTM Price-to-Sale (P/S) ratio is 8.51 while its Price-to-Book (P/B) ratio in mrq is 0.59. Its current Enterprise Value per Revenue stands at -10.402 whereas that against EBITDA is -22.223.
Stock Price History:
The Beta on a monthly basis for CANG is 0.50, which has changed by 2.2394366 over the last 52 weeks, in comparison to a change of 0.22894537 over the same period for the S&P500. Over the past 52 weeks, CANG has reached a high of $9.66, while it has fallen to a 52-week low of $1.17. The 50-Day Moving Average of the stock is -5.23%, while the 200-Day Moving Average is calculated to be 69.42%.
Shares Statistics:
For the past three months, CANG has traded an average of 722.69K shares per day and 303610 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 5.21% stake in the company. Shares short for CANG as of 1738281600 were 1336458 with a Short Ratio of 1.85, compared to 1735603200 on 993518. Therefore, it implies a Short% of Shares Outstanding of 1336458 and a Short% of Float of 4.31.
