Cheche Group Inc (NASDAQ:CCG) traded at $0.95 at last check on current trade day and made an upward move of 4.46% on its previous day’s price.
Looking at the stock we see that its previous close was $0.91 and the beta (5Y monthly) reads 0.306 with the day’s price range being $0.8922 – $0.96. In terms of its 52-week price range, CCG has a high of $10.00 and a low of $0.56. The company’s stock has gained about 13.18% over that past 30 days.
Cheche Group Inc has a market cap of $74.36 million and is expected to release its quarterly earnings report in February.
Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at 1.01B, with a low of 1.01B and a high of 1.01B.
On the other hand, looking at the outlook for the CCG stock, short term indicators assign the stock an average of Hold, while medium term indicators assign it an average of 50% Buy.
Looking further, we note the current price level is 13.01% off its SMA20 and 11.24% from its 50-day simple moving average. The RSI (14) is pointing at 62.75 while the volatility over the past week is 8.01% and jumps to 6.72% over the past one month. The beta value is 0.33, while the average true range (ATR) is currently pointing at 0.06.
Coming back to Cheche Group Inc (NASDAQ:CCG), we note that the average 3-month trading volume was 276.59K, while that of the preceding 10-day period stands at 0.36 million. Current shares outstanding are 57.15 million.
The insiders hold 79.54% of the company’s shares while institutions hold 0.53%. The data shows that short shares as of 2024-10-31, stood at 0.18 million at a short ratio of 0.46. This represents a 62.00 short interest in shares outstanding on 2024-10-31. Shares short rose in October from the previous month at 0.16 million. Investors should be excited about this stock as its upside potential is great, with today’s price pushing the stock 6.75% up in year-to-date price movement.
