Spotting A Winner: Cheche Group Inc (NASDAQ: CCG) Retreats -3.37 And It Still Have Room To Run

Cheche Group Inc (NASDAQ:CCG) currently has a daily average trading volume of 361.88K but it saw 437675 shares traded in last market. With a market cap of 67.33M USD, the company’s current market price of $0.89 came falling about -3.37 while comparing to the previous closing price of $0.92. In past 52 weeks, the stock remained buoying in the range of price level as high as $10.00 and as low as $0.56. In the recent trading on the day, stock has struck highest price mark of $0.842 while lowest mark touched by it was $0.959.

Taking a look at 20-day trading activity of Cheche Group Inc (CCG) gives us an average price of $0.8833, while its current price level is -91.11% below from 52-week high level whereas it is 60.18% 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 $0.8348 while that of 200 days or SMA-200 reads an average of $1.7117. A closer look into the stock’s movement over the week reveals that its volatility is standing at 8.54% during that period while stretching the period over a month that decreases to 7.45%. 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 52.46 which implies that the stock is in neutral territory.

Over the week, CCG’s stock price is moving -1.43% down while it is 13.96% when we observe its performance for the past one month. Year-to-date it is -86.17% down and over the past year, the stock is showing a downside performance of -85.57%.

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, Cheche Group Inc’s total number of outstanding shares is 56.84M. Company’s return on investment (ROI) stands at -22.61% and return on equity (ROE) at -22.76%. Stock’s beta reads 0.40. Stock has a price to book (P/B) ratio of 1.33 while price to sale or P/S ratio amounts to 0.14. Its return on asset (ROA) is -8.35% on average.