Cango Inc ADR (NYSE:CANG) shares, rose in value on Thursday, April 16, with the stock price up by 4.48% to the previous day’s close as strong demand from buyers drove the stock to $3.73.
Actively observing the price movement in the last trading, the stock closed the session at $3.57, falling within a range of $3.51 and $3.75. The value of beta (5-year monthly) was 0.417 whereas the PE ratio was 5.62 over 12-month period. Referring to stock’s 52-week performance, its high was $9.66, and the low was $1.32. On the whole, CANG has fluctuated by -10.34% over the past month.
With the market capitalization of Cango Inc ADR currently standing at about $250.99 million, investors are eagerly awaiting this quarter’s results, scheduled for in May.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 6.96B, with a low estimate of 1.11B and a high estimate of 1.11B. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 1.11B.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that CANG’s technical picture suggests that short-term indicators denote the stock is a 50% Sell on average. However, medium-term indicators have put the stock in the category of Hold while long-term indicators on average have been pointing out that it is a 50% Buy.
The stock’s technical analysis shows that the price of CANG currently trading nearly -2.64% and -4.39% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 48.72, while the 7-day volatility ratio is showing 8.65% which for the 30-day chart, stands at 8.88%. Furthermore, Cango Inc ADR (CANG)’s beta value is 0.45, and its average true range (ATR) is 0.36.
A comparison of Cango Inc ADR (CANG) with its peers suggests the former has fared considerably weaker in the market. CANG showed an intraday change of 4.48% in last session, and over the past year, it grew by 174.24%%.
Data on historical trading for Cango Inc ADR (NYSE:CANG) indicates that the trading volumes over the past 10 days have averaged 0.25 and over the past 3 months, they’ve averaged 348.61K. According to company’s latest data on outstanding shares, there are 67.29 million shares outstanding.
Nearly 7.12% of Cango Inc ADR’s shares belong to company insiders and institutional investors own 5.63% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 1.36 million shares as on 2025-03-31, resulting in a short ratio of 3.97. According to the data, the short interest in Cango Inc ADR (CANG) stood at 469.00 of shares outstanding as of 2025-03-31; the number of short shares registered in 2025-02-28 reached 1.08 million. The stock has fallen by -15.23% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the CANG stock heading into the next quarter.
