Cheetah Net Supply Chain Service Inc (NASDAQ: CTNT)’s stock price has dropped by -4.65 in relation to previous closing price of 0.30. Nevertheless, the company has seen a loss of -33.16% in its stock price over the last five trading days. globenewswire.com reported 2024-07-26 that CHARLOTTE, N.C., July 26, 2024 (GLOBE NEWSWIRE) — Cheetah Net Supply Chain Service Inc. (“Cheetah Net” or the “Company”) (NASDAQ: CTNT), a provider of warehousing and logistics services, historically in connection with the sale of parallel-import vehicles sourced in the U.S. to be sold in the PRC market, and more recently for the transportation of other goods between the U.S. and the PRC, today announced the closing of its follow-on offering of 6,479,663 shares of Class A common stock of approximately $1.49 million in gross proceeds, before deducting offering related fees and expenses, as previously announced on July 25, 2024.
Is It Worth Investing in Cheetah Net Supply Chain Service Inc (NASDAQ: CTNT) Right Now?
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.”
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The public float for CTNT is 20.23M, and currently, shorts hold a 2.78% of that float. The average trading volume for CTNT on July 29, 2024 was 6.57M shares.
CTNT’s Market Performance
The stock of Cheetah Net Supply Chain Service Inc (CTNT) has seen a -33.16% decrease in the past week, with a -33.77% drop in the past month, and a -76.05% fall in the past quarter. The volatility ratio for the week is 26.22%, and the volatility levels for the past 30 days are at 16.84% for CTNT. The simple moving average for the past 20 days is -36.67% for CTNT’s stock, with a -81.01% simple moving average for the past 200 days.
CTNT Trading at -78.58% from the 50-Day Moving Average
After a stumble in the market that brought CTNT to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -98.07% of loss for the given period.
Volatility was left at 16.84%, however, over the last 30 days, the volatility rate increased by 26.22%, as shares sank -31.79% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -95.93% lower at present.
During the last 5 trading sessions, CTNT fell by -33.47%, which changed the moving average for the period of 200-days by -84.50% in comparison to the 20-day moving average, which settled at $0.4434. In addition, Cheetah Net Supply Chain Service Inc saw -78.08% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at CTNT starting from Tang Xiaolin, who sale 1,500,000 shares at the price of $1.06 back on May 23 ’24. After this action, Tang Xiaolin now owns 0 shares of Cheetah Net Supply Chain Service Inc, valued at $1,590,000 using the latest closing price.
Xiao Yan, the 10% Owner of Cheetah Net Supply Chain Service Inc, sale 1,500,000 shares at $2.91 during a trade that took place back on May 21 ’24, which means that Xiao Yan is holding 0 shares at $4,365,000 based on the most recent closing price.
Stock Fundamentals for CTNT
Current profitability levels for the company are sitting at:
- 0.01 for the present operating margin
- 0.11 for the gross margin
The net margin for Cheetah Net Supply Chain Service Inc stands at -0.01. The total capital return value is set at 0.03. Equity return is now at value -6.52, with -3.10 for asset returns.
Based on Cheetah Net Supply Chain Service Inc (CTNT), the company’s capital structure generated 0.17 points at debt to capital in total, while cash flow to debt ratio is standing at 2.02. The debt to equity ratio resting at 0.2. The interest coverage ratio of the stock is 0.29.
Currently, EBITDA for the company is 1.53 million with net debt to EBITDA at 3.46. When we switch over and look at the enterprise to sales, we see a ratio of 0.36. The receivables turnover for the company is 4.75for trailing twelve months and the total asset turnover is 2.81. The liquidity ratio also appears to be rather interesting for investors as it stands at 5.07.
Conclusion
In conclusion, Cheetah Net Supply Chain Service Inc (CTNT) 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.
