TuanChe Ltd ADR (NASDAQ: TC)’s stock price has plunge by -10.84relation to previous closing price of 1.82. Nevertheless, the company has seen a -17.35% plunge in its stock price over the last five trading sessions. prnewswire.com reported 2024-03-28 that BEIJING, March 28, 2024 /PRNewswire/ — TuanChe Limited (“TuanChe” or the “Company”) (NASDAQ: TC), a leading integrated automotive marketplace in China, today announced that it filed its annual report on Form 20-F for the fiscal year ended December 31, 2023 with the Securities and Exchange Commission (the “SEC”) on March 28, 2024. The annual report, which contains the Company’s audited consolidated financial statements, can be accessed on the Company’s investor relations website at https://ir.tuanche.com/ or the SEC’s website at https://www.sec.gov/.
Is It Worth Investing in TuanChe Ltd ADR (NASDAQ: TC) Right Now?
Company’s 36-month beta value is 0.03.Analysts have differing opinions on the stock, with 0 analysts rating it as a “buy,” 0 as “overweight,” 1 as “hold,” and 0 as “sell.”
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The public float for TC is 1.38M, and currently, short sellers hold a 1.68% ratio of that floaft. The average trading volume of TC on August 27, 2024 was 27.37K shares.
TC’s Market Performance
TC stock saw a decrease of -17.35% in the past week, with a monthly decline of -5.26% and a quarterly a decrease of -27.68%. The volatility ratio for the week is 11.30%, and the volatility levels for the last 30 days are 10.73% for TuanChe Ltd ADR (TC). The simple moving average for the past 20 days is -8.22% for TC’s stock, with a -31.27% simple moving average for the past 200 days.
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 -8.80% 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 -81.38% of loss for the given period.
Volatility was left at 10.73%, however, over the last 30 days, the volatility rate increased by 11.30%, as shares sank -6.97% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -20.00% lower at present.
During the last 5 trading sessions, TC fell by -18.37%, which changed the moving average for the period of 200-days by -70.04% in comparison to the 20-day moving average, which settled at $1.7591. In addition, TuanChe Ltd ADR saw -46.88% 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:
- -0.74 for the present operating margin
- 0.58 for the gross margin
The net margin for TuanChe Ltd ADR stands at -0.51. The total capital return value is set at -3.67. Equity return is now at value -124.75, with -57.89 for asset returns.
Based on TuanChe Ltd ADR (TC), the company’s capital structure generated 0.56 points at debt to capital in total, while cash flow to debt ratio is standing at -2.57.
Currently, EBITDA for the company is -115.28 million with net debt to EBITDA at -0.13. 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 5.62for trailing twelve months and the total asset turnover is 1.36. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.30.
Conclusion
In a nutshell, TuanChe Ltd ADR (TC) has experienced a bad performance in recent times. The stock has received mixed “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.
