The stock has a 36-month beta value of 0.32. Opinions on the stock are mixed, with 0 analysts rating it as a “buy,” 1 as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for CCG is 15.50M, and at present, short sellers hold a 0.31% of that float. On January 09, 2025, the average trading volume of CCG was 277.84K shares.
CCG) stock’s latest price update
Cheche Group Inc (NASDAQ: CCG)’s stock price has dropped by -4.35 in relation to previous closing price of 0.92. Nevertheless, the company has seen a loss of -1.11% in its stock price over the last five trading days. 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’s Market Performance
Cheche Group Inc (CCG) has seen a -1.11% fall in stock performance for the week, with a 6.02% gain in the past month and a 28.45% surge in the past quarter. The volatility ratio for the week is 7.52%, and the volatility levels for the past 30 days are at 7.16% for CCG. The simple moving average for the past 20 days is 4.01% for CCG’s stock, with a -25.87% simple moving average for the past 200 days.
CCG Trading at 2.53% 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 -91.20% of loss for the given period.
Volatility was left at 7.16%, however, over the last 30 days, the volatility rate increased by 7.52%, as shares surge +2.56% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +11.41% upper at present.
During the last 5 trading sessions, CCG fell by -1.11%, which changed the moving average for the period of 200-days by -80.05% in comparison to the 20-day moving average, which settled at $0.8461. In addition, Cheche Group Inc saw -1.11% 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.
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 0.11. 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
To sum up, Cheche Group Inc (CCG) has seen a mixed 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.
