The pursuit of market outperformance leads investors to the practice of hand-picking stocks. Skillful choices can be a catalyst for significant wealth enhancement.
The closing price of Cango Inc ADR (NYSE: CANG) was $4.20 for the day, up 3.19% from the previous closing price of $4.07. In other words, the price has increased by $3.19 from its previous closing price. On the day, 0.58 million shares were traded. CANG stock price reached its highest trading level at $4.8498 during the session, while it also had its lowest trading level at $4.2.
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 438332992 and an Enterprise Value of -2856883456. As of this moment, Cango’s Price-to-Earnings (P/E) ratio for their current fiscal year is 9.02. For the stock, the TTM Price-to-Sale (P/S) ratio is 7.77 while its Price-to-Book (P/B) ratio in mrq is 0.54. Its current Enterprise Value per Revenue stands at -10.712 whereas that against EBITDA is -22.887.
Stock Price History:
Over the past 52 weeks, CANG has reached a high of $4.85, while it has fallen to a 52-week low of $0.92. The 50-Day Moving Average of the stock is 51.91%, while the 200-Day Moving Average is calculated to be 119.62%.
Shares Statistics:
CANG traded an average of 224.91K shares per day over the past three months and 401120 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 0.59% stake in the company. Shares short for CANG as of 1731628800 were 97873 with a Short Ratio of 0.44, compared to 1728950400 on 7837. Therefore, it implies a Short% of Shares Outstanding of 97873 and a Short% of Float of 0.32.
