Cheche Group Inc (CCG): Uncovering A True Diamond In The Rough

Cheche Group Inc (NASDAQ:CCG) currently has a daily average trading volume of 410.48K but it saw 683648 shares traded in last market. With a market cap of 50.58M USD, the company’s current market price of $0.67 came falling about -16.32 while comparing to the previous closing price of $0.80. In past 52 weeks, the stock remained buoying in the range of price level as high as $200.00 and as low as $0.66. In the recent trading on the day, stock has struck highest price mark of $0.6226 while lowest mark touched by it was $0.7913.

Taking a look at 20-day trading activity of Cheche Group Inc (CCG) gives us an average price of $0.8798, while its current price level is -99.67% below from 52-week high level whereas it is 1.00% 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 $0.8599 while that of 200 days or SMA-200 reads an average of $3.2383. A closer look into the stock’s movement over the week reveals that its volatility is standing at 13.35% during that period while stretching the period over a month that decreases to 13.24%. 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 35.81 which implies that the stock is in neutral territory.

Over the week, CCG’s stock price is moving -17.89% down while it is -19.45% when we observe its performance for the past one month. Year-to-date it is -89.61% down and over the past year, the stock is showing a downside performance of -93.81%.

Currently, Cheche Group Inc’s total number of outstanding shares is 56.84M. Company’s return on investment (ROI) stands at -222.25% and return on equity (ROE) at -240.21%. Stock’s beta reads 0.24. Stock has a price to book (P/B) ratio of 1.04 while price to sale or P/S ratio amounts to 0.11. Its return on asset (ROA) is -115.71% on average.