The public float for CCTG is 2.31M, and currently, short sellers hold a 1.72% ratio of that float. The average trading volume of CCTG on October 18, 2024 was 42.49K shares.
CCTG) stock’s latest price update
CCSC Technology International Holdings Ltd (NASDAQ: CCTG) has experienced a rise in its stock price by 10.49 compared to its previous closing price of 1.62. However, the company has seen a gain of 22.60% in its stock price over the last five trading days. prnewswire.com reported 2024-07-22 that HONG KONG, July 22, 2024 /PRNewswire/ — CCSC Technology International Holdings Limited (the “Company” or “CCSC”) (Nasdaq: CCTG), a Hong Kong-based company that engages in the sale, design and manufacturing of interconnect products, including connectors, cables and wire harnesses, today announced its financial results for the fiscal year ended March 31, 2024. Mr. Kung Lok Chiu, Chief Executive Officer and Director of the Company, commented, “We believe we have demonstrated resilience and adaptability throughout a challenging fiscal year 2024.
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CCTG’s Market Performance
CCTG’s stock has risen by 22.60% in the past week, with a monthly rise of 2.87% and a quarterly drop of -20.09%. The volatility ratio for the week is 7.76% while the volatility levels for the last 30 days are 11.29% for CCSC Technology International Holdings Ltd The simple moving average for the past 20 days is 10.78% for CCTG’s stock, with a -39.19% simple moving average for the past 200 days.
CCTG Trading at 13.89% from the 50-Day Moving Average
After a stumble in the market that brought CCTG to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -94.03% of loss for the given period.
Volatility was left at 11.29%, however, over the last 30 days, the volatility rate increased by 7.76%, as shares sank -2.71% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +24.31% upper at present.
During the last 5 trading sessions, CCTG rose by +22.60%, in comparison to the 20-day moving average, which settled at $1.6158. In addition, CCSC Technology International Holdings Ltd saw -76.75% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for CCTG
Current profitability levels for the company are sitting at:
- -0.15 for the present operating margin
- 0.26 for the gross margin
The net margin for CCSC Technology International Holdings Ltd stands at -0.12. The total capital return value is set at -1.01.
Based on CCSC Technology International Holdings Ltd (CCTG), the company’s capital structure generated 0.45 points at debt to capital in total, while cash flow to debt ratio is standing at -2.06.
Currently, EBITDA for the company is -0.14 million with net debt to EBITDA at 0.33. When we switch over and look at the enterprise to sales, we see a ratio of 1.69. The receivables turnover for the company is 23.84for trailing twelve months and the total asset turnover is 5.22. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.70.
Conclusion
To put it simply, CCSC Technology International Holdings Ltd (CCTG) 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.
