Cango Inc ADR (NYSE:CANG) does about 710.24K shares in volume on a normal day but saw 290325 shares change hands in the recent trading day. The company now has a market cap of 327.38M USD. Its current market price is $4.52, marking an increase of 3.43% compared to the previous close of $4.37. The 52 week high reached by this stock is $9.66 whilst the lowest price level in 52 weeks is $1.06.
Cango Inc ADR (CANG) has a 20-day trading average at $5.00 and the current price is -53.21% off the 52-week high compared with 326.42% distance from its 52-week low. The 50-day simple moving average of the closing price is $4.46 and its 200-day simple moving average is $2.40. If we look at the stock’s price movements over the week, volatility stands at 9.19%, which increases to 14.91% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 47.90 to suggest the stock is neutral.
The consensus objective for the share price is $3.00, suggesting that the stock has a potential downside of -50.67% over the period.
The current price level is -9.66%, 1.39%, and 88.54% away from its SMA20, SMA50, and SMA200 respectively, with the CANG price moving above the 50-day SMA on current market day. Cango Inc ADR (CANG) stock is down -3.42% over the week and -17.67% over the past month. Its price is 2.73% year-to-date and 326.42% over the past year.
The company’s next earnings report forecasts estimating quarterly EPS at 0 and 0 for whole year.
To reach the target analysts have set, the stock logically needs to shrink -50.67 percent from here.
Outstanding shares total 72.43M with insiders holding 19.30% of the shares and institutional holders owning 19.14% of the company’s common stock. The company has a return on investment of 3.41% and return on equity of 3.52%. The price to earnings ratio (P/E ratio) amounts to 9.70. The beta has a value of 0.55. Price to book ratio is 0.58 and price to sales ratio is 8.36.
