Cheche Group Inc (CCG) Stock: A Closer Look at the Analyst Ratings

Additionally, the 36-month beta value for CCG is 0.26.

The public float for CCG is 11.25M and currently, short sellers hold a 2.42% ratio of that float. The average trading volume of CCG on July 11, 2024 was 988.12K shares.

3 Tiny Stocks Primed to Explode The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.

We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.

Click here for full details and to join for free
Sponsored

CCG) stock’s latest price update

The stock price of Cheche Group Inc (NASDAQ: CCG) has surged by 25.71 when compared to previous closing price of 0.80, but the company has seen a 36.39% gain in its stock price over the last five trading sessions. prnewswire.com reported 2024-06-27 that BEIJING, June 27, 2024 /PRNewswire/ — Cheche Group Inc. (NASDAQ: CCG) (“Cheche” or the “Company”), China’s leading auto insurance technology platform, today announced that it has entered into a strategic partnership with Beijing Anpeng Insurance Broker Co., Ltd. (“Beijing Anpeng”), as Cheche continues to deepen its collaborations with new energy vehicle (“NEV”) manufacturers in China.

CCG’s Market Performance

Cheche Group Inc (CCG) has seen a 36.39% rise in stock performance for the week, with a 8.20% gain in the past month and a -66.67% plunge in the past quarter. The volatility ratio for the week is 11.83%, and the volatility levels for the past 30 days are at 10.83% for CCG. The simple moving average for the past 20 days is 27.36% for CCG’s stock, with a -78.42% simple moving average for the past 200 days.

CCG Trading at -21.08% from the 50-Day Moving Average

After a stumble in the market that brought CCG to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -99.50% of loss for the given period.

Volatility was left at 10.83%, however, over the last 30 days, the volatility rate increased by 11.83%, as shares surge +17.29% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -48.45% lower at present.

During the last 5 trading sessions, CCG rose by +36.39%, which changed the moving average for the period of 200-days by -93.27% in comparison to the 20-day moving average, which settled at $0.7925. In addition, Cheche Group Inc saw -84.45% in overturn over a single year, with a tendency to cut further losses.

Stock Fundamentals for CCG

Current profitability levels for the company are sitting at:

  • -0.05 for the present operating margin
  • 0.05 for the gross margin

The net margin for Cheche Group Inc stands at -0.05. The total capital return value is set at -0.45. Equity return is now at value -228.03, with -123.77 for asset returns.

The debt to equity ratio resting at 0.07. The interest coverage ratio of the stock is -124.18.

Currently, EBITDA for the company is -146.1 million with net debt to EBITDA at 1.15. When we switch over and look at the enterprise to sales, we see a ratio of 0.1. The receivables turnover for the company is 6.74for trailing twelve months and the total asset turnover is 3.7. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.53.

Conclusion

In conclusion, Cheche Group Inc (CCG) has seen mixed 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.

Most Popular

Related Posts