Cheetah Net Supply Chain Service Inc (NASDAQ:CTNT) price on Wednesday, October 23, fall -13.36% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $0.19.
A look at the stock’s price movement, the close in the last trading session was $0.22, moving within a range at $0.1854 and $0.213. Turning to its 52-week performance, $14.76 and $0.19 were the 52-week high and 52-week low respectively. Overall, CTNT moved -13.12% over the past month.
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Cheetah Net Supply Chain Service Inc’s market cap currently stands at around $7.36 million, with investors looking forward to this quarter’s earnings report slated for in November.
Analysts have a consensus estimate of 900k for the company’s revenue for the quarter, with a low and high estimate of 900k and 900k respectively. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 3.8M, representing a -90.10% decline on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that CTNT is a 100% Sell. On the other hand, the stock is on average a 100% Sell as suggested by medium term indicators while long term indicators are putting the stock in 100% Sell category.
CTNT’s current price about -15.36% and -19.12% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 40.28, while 7-day volatility ratio is 18.88% and 11.98% in the 30-day chart. Further, Cheetah Net Supply Chain Service Inc (CTNT) has a beta value of 4.59, and an average true range (ATR) of 0.03.
If we refocus on Cheetah Net Supply Chain Service Inc (NASDAQ:CTNT), historical trading data shows that trading volumes averaged 2.61 over the past 10 days and 2.91 million over the past 3 months. The company’s latest data on shares outstanding shows there are 38.88 million shares.
The 33.99% of Cheetah Net Supply Chain Service Inc’s shares are in the hands of company insiders while institutional holders own 7.97% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 0.33 million on 2024-09-30, giving us a short ratio of 0.23. The data shows that as of 2024-09-30 short interest in Cheetah Net Supply Chain Service Inc (CTNT) stood at 141.99999 of shares outstanding, with shares short falling to 0.99 million registered in 2024-08-30. Current price change has pushed the stock -85.43% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the CTNT stock continues to rise going into the next quarter.
