TuanChe Ltd ADR’s (TC) Stock: A -2.11% Simple Moving Average for the Past 20 Days

The stock of TuanChe Ltd ADR (TC) has gone down by -20.54% for the week, with a -9.25% drop in the past month and a -49.68% drop in the past quarter. The volatility ratio for the week is 22.13%, and the volatility levels for the past 30 days are 12.80% for TC. The simple moving average for the past 20 days is -2.11% for TC’s stock, with a -67.71% simple moving average for the past 200 days.

Is It Worth Investing in TuanChe Ltd ADR (NASDAQ: TC) Right Now?

Additionally, the 36-month beta value for TC is 0.09. There are mixed opinions on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 rating it as “hold,” and 0 rating it as “sell.”

The public float for TC is 1.28M and currently, short sellers hold a 0.50% ratio of that float. The average trading volume of TC on April 11, 2024 was 73.26K shares.

TC) stock’s latest price update

TuanChe Ltd ADR (NASDAQ: TC)’s stock price has plunge by -7.74relation to previous closing price of 1.80. Nevertheless, the company has seen a -20.54% plunge in its stock price over the last five trading sessions. Seeking Alpha reported 2022-11-06 that Tucows Inc. (NASDAQ:TCX ) Q3 2022 Earnings Conference Call November 3, 2022 5:30 PM ET Company Participants Monica Webb – Director of Market Development and Government Affairs Elliot Noss – President and CEO David Woroch – CEO of Tucows Domains Services Justin Reilly – CEO of Wavelo Davinder Singh – CFO Conference Call Participants Monica Webb Welcome to Tucows Third Quarter 2022 Management Commentary. We have prerecorded prepared remarks regarding the quarter and outlook for the company.

Analysts’ Opinion of TC

Many brokerage firms have already submitted their reports for TC stocks, with Maxim Group repeating the rating for TC by listing it as a “Buy.” The predicted price for TC in the upcoming period, according to Maxim Group is $13 based on the research report published on May 21, 2019 of the previous year 2019.

Maxim Group, on the other hand, stated in their research note that they expect to see TC reach a price target of $13. The rating they have provided for TC stocks is “Buy” according to the report published on February 05th, 2019.

TC Trading at -9.15% from the 50-Day Moving Average

After a stumble in the market that brought TC to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -89.46% of loss for the given period.

Volatility was left at 12.80%, however, over the last 30 days, the volatility rate increased by 22.13%, as shares sank -7.34% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -16.92% lower at present.

During the last 5 trading sessions, TC fell by -19.31%, which changed the moving average for the period of 200-days by -78.18% in comparison to the 20-day moving average, which settled at $1.6899. In addition, TuanChe Ltd ADR saw -45.54% in overturn over a single year, with a tendency to cut further losses.

Stock Fundamentals for TC

Current profitability levels for the company are sitting at:

  • -0.17 for the present operating margin
  • 0.8 for the gross margin

The net margin for TuanChe Ltd ADR stands at -0.2. The total capital return value is set at -0.16.

Based on TuanChe Ltd ADR (TC), the company’s capital structure generated 0.24 points at debt to capital in total, while cash flow to debt ratio is standing at -5.12. The debt to equity ratio resting at 0.31. The interest coverage ratio of the stock is -4.31.

Currently, EBITDA for the company is -9.03 million with net debt to EBITDA at 0.08. When we switch over and look at the enterprise to sales, we see a ratio of 0.02. The receivables turnover for the company is 3.67for trailing twelve months and the total asset turnover is 0.44.

Conclusion

In conclusion, TuanChe Ltd ADR (TC) has seen bad performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.

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