A Few Bright Spots In Cango Inc ADR (NYSE: CANG)

Cango Inc ADR (NYSE:CANG) currently has a daily average trading volume of 184.26K but it saw 283117 shares traded in last market. With a market cap of 295.51M USD, the company’s current market price of $4.08 came rising about 4.62 while comparing to the previous closing price of $3.90. In past 52 weeks, the stock remained buoying in the range of price level as high as $4.21 and as low as $0.92. In the recent trading on the day, stock has struck highest price mark of $3.9214 while lowest mark touched by it was $4.2.

Taking a look at 20-day trading activity of Cango Inc ADR (CANG) gives us an average price of $3.50, while its current price level is -3.09% below from 52-week high level whereas it is 343.48% 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 $2.50 while that of 200 days or SMA-200 reads an average of $1.84. A closer look into the stock’s movement over the week reveals that its volatility is standing at 6.20% during that period while stretching the period over a month that increases to 10.84%. 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 67.08 which implies that the stock is in neutral territory.

Over the week, CANG’s stock price is moving -1.45% down while it is 77.39% when we observe its performance for the past one month. Year-to-date it is 300.00% up and over the past year, the stock is showing an upside performance of 267.57%.

The latest quarterly earnings report issued by the company reported quarterly earnings per share (EPS) of -1.38 beaten by the consensus estimate of -1.06 for the same. The company is expected to be releasing its next quarterly report in December, for which analysts forecasted an EPS of 0 while estimate for next year EPS is 0.

Currently, Cango Inc ADR’s total number of outstanding shares is 72.43M. Company’s return on investment (ROI) stands at 3.41% and return on equity (ROE) at 3.52%. It has a price to earnings ratio (P/E ratio) of 8.76. Stock’s beta reads 0.56. Stock has a price to book (P/B) ratio of 0.52 while price to sale or P/S ratio amounts to 7.54. Its return on asset (ROA) is 2.93% on average.