Cango Inc ADR (NYSE: CANG) – Time For Strategy Change?

Cango Inc ADR (NYSE:CANG) currently has a daily average trading volume of 535.35K but it saw 723208 shares traded in last market. With a market cap of 375.91M USD, the company’s current market price of $5.02 came rising about 3.51 while comparing to the previous closing price of $4.85. In past 52 weeks, the stock remained buoying in the range of price level as high as $9.66 and as low as $0.95. In the recent trading on the day, stock has struck highest price mark of $4.91 while lowest mark touched by it was $5.4649.

Taking a look at 20-day trading activity of Cango Inc ADR (CANG) gives us an average price of $4.88, while its current price level is -48.03% below from 52-week high level whereas it is 425.65% 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 $3.66 while that of 200 days or SMA-200 reads an average of $2.15. A closer look into the stock’s movement over the week reveals that its volatility is standing at 26.05% during that period while stretching the period over a month that decreases to 15.67%. 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 53.96 which implies that the stock is in neutral territory.

Over the week, CANG’s stock price is moving -24.89% down while it is 36.22% when we observe its performance for the past one month. Year-to-date it is 408.82% up and over the past year, the stock is showing an upside performance of 408.82%.

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 11.14. Stock’s beta reads 0.55. Stock has a price to book (P/B) ratio of 0.66 while price to sale or P/S ratio amounts to 9.60. Its return on asset (ROA) is 2.93% on average.