The Week Ahead: Are Investors Really Too Optimistic About Cango Inc ADR (NYSE: CANG)

Cango Inc ADR (NYSE:CANG) currently has a daily average trading volume of 443.61K but it saw 2809608 shares traded in last market. With a market cap of 417.20M USD, the company’s current market price of $5.76 came falling about -28.00 while comparing to the previous closing price of $8.00. In past 52 weeks, the stock remained buoying in the range of price level as high as $9.66 and as low as $0.94. In the recent trading on the day, stock has struck highest price mark of $5.5 while lowest mark touched by it was $7.89.

Taking a look at 20-day trading activity of Cango Inc ADR (CANG) gives us an average price of $4.71, while its current price level is -40.37% below from 52-week high level whereas it is 512.77% 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 $3.47 while that of 200 days or SMA-200 reads an average of $2.10. A closer look into the stock’s movement over the week reveals that its volatility is standing at 29.38% during that period while stretching the period over a month that decreases to 14.68%. 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 58.70 which implies that the stock is in neutral territory.

Over the week, CANG’s stock price is moving 25.76% up while it is 64.57% when we observe its performance for the past one month. Year-to-date it is 464.71% up and over the past year, the stock is showing an upside performance of 484.77%.

The company is expected to be releasing its next quarterly report in January, 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 12.37. Stock’s beta reads 0.36. Stock has a price to book (P/B) ratio of 0.74 while price to sale or P/S ratio amounts to 10.65. Its return on asset (ROA) is 2.93% on average.