TuanChe Ltd ADR (NASDAQ: TC) has experienced a rise in its stock price by 11.98 compared to its previous closing price of 1.92. However, the company has seen a gain of 25.00% in its stock price over the last five trading days. prnewswire.com reported 2024-08-30 that BEIJING, Aug. 30, 2024 /PRNewswire/ — TuanChe Limited (“TuanChe,” “Company,” “we” or “our”) (NASDAQ: TC), a leading integrated automotive marketplace in China, today announced its unaudited financial results for the six months ended June 30, 2024. Key First Half 2024 Financial and Operating Metrics Net revenues were RMB32.3 million (US$4.4 million).
Is It Worth Investing in TuanChe Ltd ADR (NASDAQ: TC) Right Now?
TC has 36-month beta value of 0.02. Analysts have mixed views 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 2.02% ratio of that float. The average trading volume of TC on October 07, 2024 was 48.67K shares.
TC’s Market Performance
The stock of TuanChe Ltd ADR (TC) has seen a 25.00% increase in the past week, with a 19.44% rise in the past month, and a 16.22% gain in the past quarter. The volatility ratio for the week is 12.70%, and the volatility levels for the past 30 days are at 8.21% for TC. The simple moving average for the past 20 days is 23.44% for TC’s stock, with a 6.94% 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 23.20% 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 -75.29% of loss for the given period.
Volatility was left at 8.21%, however, over the last 30 days, the volatility rate increased by 12.70%, as shares surge +20.11% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +23.56% upper at present.
During the last 5 trading sessions, TC rose by +25.00%, which changed the moving average for the period of 200-days by -31.35% in comparison to the 20-day moving average, which settled at $1.76. In addition, TuanChe Ltd ADR saw -29.50% 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:
- -0.8 for the present operating margin
- 0.55 for the gross margin
The net margin for TuanChe Ltd ADR stands at -0.58. The total capital return value is set at -2.84.
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 -1.51.
Currently, EBITDA for the company is -115.28 million with net debt to EBITDA at -0.17. 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 4.03for trailing twelve months and the total asset turnover is 0.97. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.44.
Conclusion
To put it simply, TuanChe Ltd ADR (TC) has had a mixed performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others 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.
