The stock of TuanChe Ltd ADR (TC) has gone down by -8.84% for the week, with a 3.77% rise in the past month and a -35.56% drop in the past quarter. The volatility ratio for the week is 17.08%, and the volatility levels for the past 30 days are 15.75% for TC. The simple moving average for the past 20 days is -7.72% for TC’s stock, with a -66.80% simple moving average for the past 200 days.
Is It Worth Investing in TuanChe Ltd ADR (NASDAQ: TC) Right Now?
The 36-month beta value for TC is at 0.04. Analysts have varying views on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for TC is 1.38M, and currently, shorts hold a 0.46% of that float. The average trading volume for TC on April 22, 2024 was 91.59K shares.
TC) stock’s latest price update
The stock price of TuanChe Ltd ADR (NASDAQ: TC) has dropped by -11.76 compared to previous close of 1.87. Despite this, the company has seen a fall of -8.84% in its stock price over the last five trading days. 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 -9.68% 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 -89.52% of loss for the given period.
Volatility was left at 15.75%, however, over the last 30 days, the volatility rate increased by 17.08%, as shares surge +6.45% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -13.39% lower at present.
During the last 5 trading sessions, TC fell by -8.84%, which changed the moving average for the period of 200-days by -76.84% in comparison to the 20-day moving average, which settled at $1.7931. In addition, TuanChe Ltd ADR saw -45.89% 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 had a bad performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others 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.
