Cango Inc. (NYSE:CANG) went down by -0.77% from its latest closing price compared to the recent 1-year high of $3.38. The company’s stock price has collected 3.21% of gains in the last five trading sessions.
Is It Worth Investing in Cango Inc. (NYSE :CANG) Right Now?
Plus, the 36-month beta value for CANG is at 0.82. Opinions of the stock are interesting as 0 analysts out of 1 who provided ratings for Cango Inc. declared the stock was a “buy,” while 0 rated the stock as “overweight,” 1 rated it as “hold,” and 0 as “sell.”
Here’s one little-known company — trading undiscovered below 25-cents per share — that’s advancing one of the largest and highest quality REE deposits in all of North America… and the Chinese can’t do a damn thing about it! It’s early stage… and that’s excellent news for individual investors like you who have the foresight to act decisively on an emerging megatrend that’s already being measured in the Tens of $Billions.
The average price from analysts is $19.08, which is $0.93 above the current price. CANG currently public float of 62.46M and currently shorts hold a 0.65% ratio of that float. Today, the average trading volume of CANG was 134.00K shares.
CANG’s Market Performance
CANG stocks went up by 3.21% for the week, with a monthly jump of 2.39% and a quarterly performance of -3.02%, while its annual performance rate touched -1.92%. The volatility ratio for the week stands at 3.35% while the volatility levels for the past 30 days are set at 4.12% for Cango Inc. The simple moving average for the period of the last 20 days is 2.72% for CANG stocks with a simple moving average of 13.00% for the last 200 days.
Analysts’ Opinion of CANG
Goldman, on the other hand, stated in their research note that they expect to see CANG reach a price target of $11.90. The rating they have provided for CANG stocks is “Neutral” according to the report published on September 04th, 2018.
CANG Trading at 7.09% from the 50-Day Moving Average
After a stumble in the market that brought CANG to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -23.96% of loss for the given period.
Volatility was left at 4.12%, however, over the last 30 days, the volatility rate increased by 3.35%, as shares surge +3.21% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +19.53% upper at present.
During the last 5 trading sessions, CANG rose by +3.21%, which changed the moving average for the period of 200-days by -23.96% in comparison to the 20-day moving average, which settled at $2.51. In addition, Cango Inc. saw 18.39% in overturn over a single year, with a tendency to cut further gains.
Stock Fundamentals for CANG
Current profitability levels for the company are sitting at:
- +2.16 for the present operating margin
- +26.30 for the gross margin
The net margin for Cango Inc. stands at -0.22. Equity return is now at value -10.70, with -7.00 for asset returns.