The stock of Cango Inc ADR (CANG) has gone up by 18.42% for the week, with a 2.48% rise in the past month and a 190.73% rise in the past quarter. The volatility ratio for the week is 8.77%, and the volatility levels for the past 30 days are 10.72% for CANG. The simple moving average for the past 20 days is 8.18% for CANG’s stock, with a 110.02% simple moving average for the past 200 days.
Is It Worth Investing in Cango Inc ADR (NYSE: CANG) Right Now?
Cango Inc ADR (NYSE: CANG) has a higher price-to-earnings ratio of 11.11x compared to its average ratio, The 36-month beta value for CANG is at 0.55. Analysts have varying views on the stock, with 1 analysts rating it as a “buy,” 1 rating it as “overweight,” 1 as “hold,” and 0 as “sell.”
The public float for CANG is 67.27M, and currently, shorts hold a 1.48% of that float. The average trading volume for CANG on January 24, 2025 was 744.82K shares.
CANG) stock’s latest price update
Cango Inc ADR (NYSE: CANG)’s stock price has gone rise by 8.72 in comparison to its previous close of 4.76, however, the company has experienced a 18.42% increase in its stock price over the last five trading days. prnewswire.com reported 2025-01-02 that SHANGHAI, Jan. 2, 2025 /PRNewswire/ — Cango Inc. (NYSE: CANG) (“Cango” or the “Company”), a leading automotive transaction service platform in China, today announced its production update for crypto mining business in December 2024. Bitcoin Mining Update for December 2024 Metrics Dec 2024 1 Nov 2024 1 Number of Bitcoins produced 569.9 363.9 Average number of Bitcoins produced per day 18.4 18.9 Total number of Bitcoins held 2 933.8 363.9 Total number of Bitcoins sold 2 – – Deployed hashrate 2 32 EH/s 32 EH/s Average operating hashrate 3 30.4 EH/s 29.8 EH/s 1.
Analysts’ Opinion of CANG
Goldman, on the other hand, stated in their research note that they expect to see CANG reach a price target of $11.90. The rating they have provided for CANG stocks is “Neutral” according to the report published on September 04th, 2018.
CANG Trading at 12.41% from the 50-Day Moving Average
After a stumble in the market that brought CANG to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -46.43% of loss for the given period.
Volatility was left at 10.72%, however, over the last 30 days, the volatility rate increased by 8.77%, as shares surge +8.25% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +54.41% upper at present.
During the last 5 trading sessions, CANG rose by +20.14%, which changed the moving average for the period of 200-days by +245.39% in comparison to the 20-day moving average, which settled at $4.79. In addition, Cango Inc ADR saw 17.61% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at CANG starting from Jiayuan Lin, who proposed sale 1,370,803 shares at the price of $8.00 back on Dec 19 ’24. After this action, Jiayuan Lin now owns shares of Cango Inc ADR, valued at $10,966,424 using the latest closing price.
Song Zhipeng, the Director of Cango Inc ADR, proposed sale 200,000 shares at $6.91 during a trade that took place back on Dec 20 ’24, which means that Song Zhipeng is holding shares at $1,382,000 based on the most recent closing price.
Stock Fundamentals for CANG
Current profitability levels for the company are sitting at:
- 0.48 for the present operating margin
- 0.29 for the gross margin
The net margin for Cango Inc ADR stands at 0.53. The total capital return value is set at 0.03. Equity return is now at value 3.52, with 2.93 for asset returns.
Currently, EBITDA for the company is 78.33 million with net debt to EBITDA at -3.18. When we switch over and look at the enterprise to sales, we see a ratio of 12.09. The receivables turnover for the company is 1.95for trailing twelve months and the total asset turnover is 0.06.
Conclusion
In conclusion, Cango Inc ADR (CANG) has had a better 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.
