With 68.58M Outstanding Shares, Can CNFinance Holdings Ltd ADR (NYSE: CNF) Deliver Big Short-Term Gains?

CNFinance Holdings Ltd ADR (NYSE:CNF) currently has a daily average trading volume of 22.49K but it saw 1101211 shares traded in last market. With a market cap of 77.50M USD, the company’s current market price of $1.13 came rising about 1.80 while comparing to the previous closing price of $1.11. In past 52 weeks, the stock remained buoying in the range of price level as high as $4.10 and as low as $1.02.

Taking a look at 20-day trading activity of CNFinance Holdings Ltd ADR (CNF) gives us an average price of $1.4123, while its current price level is -72.44% below from 52-week high level whereas it is 11.00% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $1.5328 while that of 200 days or SMA-200 reads an average of $2.0566. A closer look into the stock’s movement over the week reveals that its volatility is standing at 12.53% during that period while stretching the period over a month that decreases to 9.84%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 25.30 which implies that the stock is in oversold territory.

Over the week, CNF’s stock price is moving -5.83% down while it is -33.53% when we observe its performance for the past one month. Year-to-date it is -49.10% down and over the past year, the stock is showing a downside performance of -63.67%.

Currently, CNFinance Holdings Ltd ADR’s total number of outstanding shares is 68.58M. Company’s return on investment (ROI) stands at 2.57% and return on equity (ROE) at 4.15%. It has a price to earnings ratio (P/E ratio) of 3.38. Stock’s beta reads -0.01. Stock has a price to book (P/B) ratio of 0.14 while price to sale or P/S ratio amounts to 0.32. Its return on asset (ROA) is 1.06% on average.