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Wall Street Pummels Cango Inc. (CANG) After Recent Earnings Report

Cango Inc. (NYSE:CANG) went down by -0.77% from its latest closing price compared to the recent 1-year high of $3.38. The company’s stock price has collected 3.21% of gains in the last five trading sessions.

Is It Worth Investing in Cango Inc. (NYSE :CANG) Right Now?

Plus, the 36-month beta value for CANG is at 0.82. Opinions of the stock are interesting as 0 analysts out of 1 who provided ratings for Cango Inc. declared the stock was a “buy,” while 0 rated the stock as “overweight,” 1 rated it as “hold,” and 0 as “sell.”

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The average price from analysts is $19.08, which is $0.93 above the current price. CANG currently public float of 62.46M and currently shorts hold a 0.65% ratio of that float. Today, the average trading volume of CANG was 134.00K shares.

CANG’s Market Performance

CANG stocks went up by 3.21% for the week, with a monthly jump of 2.39% and a quarterly performance of -3.02%, while its annual performance rate touched -1.92%. The volatility ratio for the week stands at 3.35% while the volatility levels for the past 30 days are set at 4.12% for Cango Inc. The simple moving average for the period of the last 20 days is 2.72% for CANG stocks with a simple moving average of 13.00% for the last 200 days.

Analysts’ Opinion of CANG

Goldman, on the other hand, stated in their research note that they expect to see CANG reach a price target of $11.90. The rating they have provided for CANG stocks is “Neutral” according to the report published on September 04th, 2018.

CANG Trading at 7.09% from the 50-Day Moving Average

After a stumble in the market that brought CANG to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -23.96% of loss for the given period.

Volatility was left at 4.12%, however, over the last 30 days, the volatility rate increased by 3.35%, as shares surge +3.21% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +19.53% upper at present.

During the last 5 trading sessions, CANG rose by +3.21%, which changed the moving average for the period of 200-days by -23.96% in comparison to the 20-day moving average, which settled at $2.51. In addition, Cango Inc. saw 18.39% in overturn over a single year, with a tendency to cut further gains.

Stock Fundamentals for CANG

Current profitability levels for the company are sitting at:

  • +2.16 for the present operating margin
  • +26.30 for the gross margin

The net margin for Cango Inc. stands at -0.22. Equity return is now at value -10.70, with -7.00 for asset returns.