The stock of Cheche Group Inc (CCG) has seen a 16.88% increase in the past week, with a -2.17% drop in the past month, and a 17.96% flourish in the past quarter. The volatility ratio for the week is 6.69%, and the volatility levels for the past 30 days are at 7.15% for CCG. The simple moving average for the last 20 days is 8.41% for CCG stock, with a simple moving average of -31.36% for the last 200 days.
Is It Worth Investing in Cheche Group Inc (NASDAQ: CCG) Right Now?
The 36-month beta value for CCG is also noteworthy at 0.35. There are mixed opinions on the stock, with 0 analysts rating it as a “buy,” 1 rating it as “overweight,” 0 rating it as “hold,” and 0 rating it as “sell.”
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The public float for CCG is 15.50M, and at present, short sellers hold a 0.31% of that float. The average trading volume of CCG on December 27, 2024 was 307.65K shares.
CCG) stock’s latest price update
The stock price of Cheche Group Inc (NASDAQ: CCG) has surged by 3.45 when compared to previous closing price of 0.87, but the company has seen a 16.88% gain 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).
CCG Trading at 6.04% 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 -91.00% of loss for the given period.
Volatility was left at 7.15%, however, over the last 30 days, the volatility rate increased by 6.69%, as shares surge +6.86% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +19.05% upper at present.
During the last 5 trading sessions, CCG rose by +23.38%, which changed the moving average for the period of 200-days by -80.57% in comparison to the 20-day moving average, which settled at $0.8327. In addition, Cheche Group Inc saw -86.00% 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 -0.27. 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 -0.19. The debt to equity ratio resting at 0.04. The interest coverage ratio of the stock is -91.6.
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 0.12. 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 summary, Cheche Group Inc (CCG) has had a mixed performance as of late. Analysts have mixed opinions on the stock, with some viewing 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.
