The stock price of Cheche Group Inc (NASDAQ: CCG) has plunged by -3.37 when compared to previous closing price of 0.92, but the company has seen a -1.43% decline in its stock price over the last five trading sessions. prnewswire.com reported 2024-11-26 that BEIJING, Nov. 26, 2024 /PRNewswire/ — Cheche Group Inc. (NASDAQ: CCG) (“Cheche”, the “Company” or “we”), China’s leading auto insurance technology platform, today announced its unaudited financial results for the third quarter ended September 30, 2024. Financial and Operational Highlights Net Revenue s for the quarter increased 3.3% year-over-year to RMB850.5 million (US$121.2 million), while net revenues for the first nine months of 2024 increased 2.3% over the comparable prior year period to RMB2.5 billion (US$354.8 million).
Is It Worth Investing in Cheche Group Inc (NASDAQ: CCG) Right Now?
The 36-month beta value for CCG is at 0.40. Analysts have varying views on the stock, with 0 analysts rating it as a “buy,” 1 rating it as “overweight,” 0 as “hold,” and 0 as “sell.”
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
The public float for CCG is 15.50M, and currently, shorts hold a 1.20% of that float. The average trading volume for CCG on November 28, 2024 was 361.88K shares.
CCG’s Market Performance
CCG stock saw an increase of -1.43% in the past week, with a monthly gain of 13.96% and a quarterly increase of 8.55%. The volatility ratio for the week is 8.54%, and the volatility levels for the last 30 days are 7.45% for Cheche Group Inc (CCG). The simple moving average for the past 20 days is 0.64% for CCG’s stock, with a -48.06% simple moving average for the past 200 days.
CCG Trading at 6.50% from the 50-Day Moving Average
After a stumble in the market that brought CCG to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -91.11% of loss for the given period.
Volatility was left at 7.45%, however, over the last 30 days, the volatility rate increased by 8.54%, as shares surge +12.69% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +11.63% upper at present.
During the last 5 trading sessions, CCG fell by -1.43%, which changed the moving average for the period of 200-days by -72.04% in comparison to the 20-day moving average, which settled at $0.8833. In addition, Cheche Group Inc saw -86.17% 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 CCG starting from Zhou Jianxiang, who proposed sale 100,000 shares at the price of $0.81 back on Sep 05 ’24. After this action, Zhou Jianxiang now owns shares of Cheche Group Inc, valued at $80,610 using the latest closing price.
Stock Fundamentals for CCG
Current profitability levels for the company are sitting at:
- -0.03 for the present operating margin
- 0.04 for the gross margin
The net margin for Cheche Group Inc stands at -0.02. The total capital return value is set at -0.25. Equity return is now at value -22.76, with -8.35 for asset returns.
Based on Cheche Group Inc (CCG), the company’s capital structure generated 0.04 points at debt to capital in total, while cash flow to debt ratio is standing at -0.03. The debt to equity ratio resting at 0.04. The interest coverage ratio of the stock is -86.54.
Currently, EBITDA for the company is -146.95 million with net debt to EBITDA at 1.32. When we switch over and look at the enterprise to sales, we see a ratio of 0.11. The receivables turnover for the company is 4.5for trailing twelve months and the total asset turnover is 3.06. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.43.
Conclusion
In conclusion, Cheche Group Inc (CCG) has had a mixed 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.
