Cheche Group Inc (NASDAQ:CCG) does about 486.66K shares in volume on a normal day but saw 1618524 shares change hands in the recent trading day. The company now has a market cap of 106.04M USD. Its current market price is $1.40, marking an increase of 2.19% compared to the previous close of $1.37. The 52 week high reached by this stock is $5.00 whilst the lowest price level in 52 weeks is $0.56.
Cheche Group Inc (CCG) has a 20-day trading average at $0.9901 and the current price is -72.00% off the 52-week high compared with 152.25% distance from its 52-week low. The 50-day simple moving average of the closing price is $0.9230 and its 200-day simple moving average is $0.8990. If we look at the stock’s price movements over the week, volatility stands at 27.32%, which decreases to 11.98% 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 80.62 to suggest the stock is overbought.
The consensus objective for the share price is $3.00, suggesting that the stock has a potential upside of 53.33% over the period.
The current price level is 41.40%, 51.68%, and 55.73% away from its SMA20, SMA50, and SMA200 respectively, with the CCG price moving below the 50-day SMA on current market day. Cheche Group Inc (CCG) stock is up 34.62% over the week and 59.27% over the past month. Its price is 57.32% year-to-date and -70.34% over the past year.
The company’s next earnings report forecasts estimating quarterly EPS at -0.12 and -0.39 for whole year. Expected sales for next quarter are $819.79M, which analysts say will come at $3.5B for the current fiscal year and next year at $3.54B. In addition, estimates put the company’s current quarterly revenue at an average of $1.01B.
To reach the target analysts have set, the stock logically needs to grow 53.33 percent from here.
Outstanding shares total 57.15M with insiders holding 65.64% of the shares and institutional holders owning 1.13% of the company’s common stock. The company has a return on investment of -22.61% and return on equity of -22.76%. The beta has a value of 0.18. Price to book ratio is 2.10 and price to sales ratio is 0.23.
