Moreover, the 36-month beta value for CTNT is 4.39. Analysts have varying opinions on the stock, with 0 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for CTNT is 25.66M and currently, short sellers hold a 1.73% of that float. On August 14, 2024, CTNT’s average trading volume was 6.88M shares.
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CTNT) stock’s latest price update
Cheetah Net Supply Chain Service Inc (NASDAQ: CTNT)’s stock price has gone decline by -6.08 in comparison to its previous close of 0.24, however, the company has experienced a 3.11% increase in its stock price over the last five trading days. globenewswire.com reported 2024-08-13 that CHARLOTTE, N.C., Aug. 13, 2024 (GLOBE NEWSWIRE) — Cheetah Net Supply Chain Service Inc. (“Cheetah” or “the Company”) (Nasdaq CM: CTNT), a provider of warehousing and logistics services and a seller of parallel-import vehicles sourced from the U.S. market and sold into the People’s Republic of China (the “PRC”), today reported results for the quarter ended June 30, 2024 and provided a corporate update.
CTNT’s Market Performance
Cheetah Net Supply Chain Service Inc (CTNT) has experienced a 3.11% rise in stock performance for the past week, with a -54.36% drop in the past month, and a -96.48% drop in the past quarter. The volatility ratio for the week is 8.07%, and the volatility levels for the past 30 days are at 13.88% for CTNT. The simple moving average for the past 20 days is -27.76% for CTNT’s stock, with a -84.09% simple moving average for the past 200 days.
CTNT Trading at -48.34% 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 -98.47% of loss for the given period.
Volatility was left at 13.88%, however, over the last 30 days, the volatility rate increased by 8.07%, as shares sank -53.18% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -69.88% lower at present.
During the last 5 trading sessions, CTNT rose by +1.10%, which changed the moving average for the period of 200-days by -81.51% in comparison to the 20-day moving average, which settled at $0.2995. In addition, Cheetah Net Supply Chain Service Inc saw -82.66% 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 Chen Huoyuan, who sale 990,000 shares at the price of $1.26 back on May 21 ’24. After this action, Chen Huoyuan now owns 0 shares of Cheetah Net Supply Chain Service Inc, valued at $1,247,400 using the latest closing price.
Chen Huoyuan, the 10% Owner of Cheetah Net Supply Chain Service Inc, sale 8,500 shares at $4.32 during a trade that took place back on May 14 ’24, which means that Chen Huoyuan is holding 990,000 shares at $36,720 based on the most recent closing price.
Stock Fundamentals for CTNT
Current profitability levels for the company are sitting at:
- -0.07 for the present operating margin
- 0.11 for the gross margin
The net margin for Cheetah Net Supply Chain Service Inc stands at -0.06. The total capital return value is set at -0.08. Equity return is now at value -12.54, with -7.80 for asset returns.
Based on Cheetah Net Supply Chain Service Inc (CTNT), the company’s capital structure generated 0.09 points at debt to capital in total, while cash flow to debt ratio is standing at 2.24. The debt to equity ratio resting at 0.1. The interest coverage ratio of the stock is -2.61.
Currently, EBITDA for the company is 1.53 million with net debt to EBITDA at 4.56. When we switch over and look at the enterprise to sales, we see a ratio of 0.21. The receivables turnover for the company is 2.93for trailing twelve months and the total asset turnover is 1.09. The liquidity ratio also appears to be rather interesting for investors as it stands at 10.98.
Conclusion
To wrap up, the performance of Cheetah Net Supply Chain Service Inc (CTNT) has been bad in recent times. The stock has received a mixed of “buy” and “hold” ratings from analysts. 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.
