Cango Inc ADR (NYSE:CANG) price closed lower on Tuesday, November 12, and dropping -5.05% below its previous close.
A look at the daily price movement shows that the last close reads $4.16, with intraday deals fluctuated between $3.8 and $4.15. The company’s 5Y monthly beta was ticking 0.514 while its P/E ratio in the trailing 12-month period read 8.48. Taking into account the 52-week price action we note that the stock hit a 52-week high of $4.20 and 52-week low of $0.92. The stock added 115.85% on its value in the past month.
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Cango Inc ADR, which has a market valuation of $286.10 million, is expected to release its quarterly earnings report in December.
Technical indicators in stocks provide crucial insights into market trends, guiding investors with precise entry and exit points based on price movements for informed decision-making.On the technical perspective front, indicators give CANG a short term outlook of 100% Buy on average. Looking at the stock’s medium term indicators we note that it is averaging as a 100% Buy, while an average of long term indicators are currently assigning the stock as 100% Buy.
If we dive deeper into the stock’s performance we see the positive picture represented by the PEG ratio, currently standing at 0.76. The overview shows that CANG’s price is at present 57.64% off the SMA20 and 96.01% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 80.51, with weekly volatility standing at 13.12%. The indicator jumps to 11.09% when calculated based on the past 30 days. Cango Inc ADR (NYSE:CANG)’s beta value is holding at 0.58, while the average true range (ATR) indicator is currently reading 0.33.
An analysis of the Cango Inc ADR (NYSE:CANG) stock in terms of its daily trading volume indicates that the 3-month average is 111.63K. However, this figure increases on the past 10-day timeline to an average of 0.37 million.
Current records show that the company has 72.43M in outstanding shares. The insiders’ percentage holdings are 7.12% of outstanding shares while the percentage share held by institutions stands at 0.62%. The stats also highlight that short interest as of 2024-10-15, stood at 7837.0 shares, which puts the short ratio at the time at 0.1. From this we can glean that short interest is 3.00 of company’s current outstanding shares. Notably, we see that shares short in October fall slightly given the previous month’s figure stood at 14906.0. But the 287.25% upside, the stock’s price has registered year-to-date as of last trading, will likely reignite investor interest given the prospect of it rallying even higher.
