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The closing price of Cango Inc ADR (NYSE: CANG) was $4.52 for the day, up 3.43% from the previous closing price of $4.37. In other words, the price has increased by $3.43 from its previous closing price. On the day, 0.29 million shares were traded. CANG stock price reached its highest trading level at $4.7147 during the session, while it also had its lowest trading level at $4.32.
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:
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 471729792 and an Enterprise Value of -2790651648. As of this moment, Cango’s Price-to-Earnings (P/E) ratio for their current fiscal year is 9.70. For the stock, the TTM Price-to-Sale (P/S) ratio is 8.36 while its Price-to-Book (P/B) ratio in mrq is 0.58. Its current Enterprise Value per Revenue stands at -10.464 whereas that against EBITDA is -22.356.
Stock Price History:
The Beta on a monthly basis for CANG is 0.55, which has changed by 3.146789 over the last 52 weeks, in comparison to a change of 0.23631513 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 $1.06. The 50-Day Moving Average of the stock is 1.39%, while the 200-Day Moving Average is calculated to be 88.54%.
Shares Statistics:
CANG traded an average of 710.24K shares per day over the past three months and 778800 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 1735603200 were 993518 with a Short Ratio of 1.40, compared to 1732838400 on 155521. Therefore, it implies a Short% of Shares Outstanding of 993518 and a Short% of Float of 3.2.
