The stock price of TuanChe Ltd ADR (NASDAQ: TC) has dropped by -7.61 compared to previous close of 0.92. Despite this, the company has seen a fall of -15.98% in its stock price over the last five trading days. prnewswire.com reported 2024-11-21 that BEIJING, Nov. 21, 2024 /PRNewswire/ — TuanChe Limited (“TuanChe,” “Company,” “we,” or “our”) (NASDAQ: TC) is pleased to announce that it has entered into an advisory agreement with Waterside Inc. (“Waterside”) to assist TuanChe in identifying suitable cryptocurrency mining equipment and related resources. This collaboration marks an important step in TuanChe’s exploration of new business opportunities in the digital economy.
Is It Worth Investing in TuanChe Ltd ADR (NASDAQ: TC) Right Now?
The stock has a 36-month beta value of 0.20. Opinions on the stock are mixed, 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 at present, short sellers hold a 4.20% of that float. On December 11, 2024, the average trading volume of TC was 790.90K shares.
TC’s Market Performance
TC stock saw an increase of -15.98% in the past week, with a monthly gain of 2.41% and a quarterly increase of -51.15%. The volatility ratio for the week is 10.53%, and the volatility levels for the last 30 days are 10.74% for TuanChe Ltd ADR (TC). The simple moving average for the last 20 days is -7.61% for TC’s stock, with a simple moving average of -49.25% for the last 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 -29.26% 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 -80.23% of loss for the given period.
Volatility was left at 10.74%, however, over the last 30 days, the volatility rate increased by 10.53%, as shares sank -1.08% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -51.70% lower at present.
During the last 5 trading sessions, TC fell by -15.98%, which changed the moving average for the period of 200-days by -51.98% in comparison to the 20-day moving average, which settled at $0.9200. In addition, TuanChe Ltd ADR saw -72.13% 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 -1.96.
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 0.22. 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 sum up, TuanChe Ltd ADR (TC) has seen a bad performance recently. Analysts have differing views on the stock, with some seeing 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.
