Cango Inc ADR (NYSE:CANG) traded at $5.13 at last check on current trade day and made an upward move of 15.02% on its previous day’s price.
Looking at the stock we see that its previous close was $4.46 and the beta (5Y monthly) reads 0.514 with the day’s price range being $4.51 – $5.32. The company has a trailing 12-month PE ratio of 11.01. In terms of its 52-week price range, CANG has a high of $4.85 and a low of $0.94. The company’s stock has gained about 37.90% over that past 30 days.
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Cango Inc ADR has a market cap of $371.57 million and is expected to release its quarterly earnings report in January.
On the other hand, looking at the outlook for the CANG stock, short term indicators assign the stock an average of 100% Buy, while medium term indicators assign it an average of 100% Buy.
Looking further, we note the current price level is 21.71% off its SMA20 and 62.26% from its 50-day simple moving average. The RSI (14) is pointing at 69.80 while the volatility over the past week is 6.32% and jumps to 9.59% over the past one month. The beta value is 0.57, while the average true range (ATR) is currently pointing at 0.41.
Coming back to Cango Inc ADR (NYSE:CANG), we note that the average 3-month trading volume was 273.00K, while that of the preceding 10-day period stands at 0.51 million. Current shares outstanding are 72.43 million.
The insiders hold 7.12% of the company’s shares while institutions hold 0.60%. The data shows that short shares as of 2024-11-29, stood at 0.16 million at a short ratio of 0.39. This represents a 50.00 short interest in shares outstanding on 2024-11-29. Shares short rose in November from the previous month at 4484.0. Investors should be excited about this stock as its upside potential is great, with today’s price pushing the stock 402.94% up in year-to-date price movement.
