Cango Inc. (NYSE: CANG) started the day on Wednesday, with a price decrease of -0.77% at $2.57, before settling in for the price of $2.59 at the close. Taking a more long-term approach, CANG posted a 52-week range of $1.35-$3.38.
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In the past 5-years timespan, the Communication Services sector firm’s annual sales growth was 55.30%. Meanwhile, its Annual Earning per share during the time was -16.50%. Nevertheless, stock’s Earnings Per Share (EPS) this year is -100.30%. This publicly-traded company’s shares outstanding now amounts to $139.74 million, simultaneously with a float of $62.46 million. The organization now has a market capitalization sitting at $360.62 million. At the time of writing, stock’s 50-day Moving Average stood at $2.41, while the 200-day Moving Average is $2.67.
Cango Inc. (CANG) Ownership Facts and Figures
Now let’s turn our focus to how large-scale investors are working with this stock of the Internet Content & Information Industry. Cango Inc.’s current insider ownership accounts for 8.65%, in contrast to 31.30% institutional ownership.
Cango Inc. (CANG) Earnings and Revenue Records
In the latest quarterly report released, which was put into the public domain on 6/29/2022, the organization reported -$0.19 earnings per share (EPS) for the three months, lower than the consensus estimate (set at -$0.04) by -$0.15. Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.08 per share during the current fiscal year.
Cango Inc.’s EPS decrease for this current 12-month fiscal period is -100.30% and is forecasted to reach -0.35 in the upcoming year. Considering the longer run, market analysts have predicted that Company’s EPS will increase by 11.11% through the next 5 years, which can be compared against the -16.50% growth it accomplished over the previous five years trading on the market.
Cango Inc. (NYSE: CANG) Trading Performance Indicators
Let’s observe the current performance indicators for Cango Inc. (CANG). It’s Quick Ratio in the last reported quarter now stands at 2.60. The Stock has managed to achieve an average true range (ATR) of 0.10. Another valuable indicator worth pondering is a publicly-traded company’s price to sales ratio for trailing twelve months, which is currently 0.88.
In the same vein, CANG’s Diluted EPS (Earnings per Share) trailing twelve months is recorded -0.70, a figure that is expected to reach -0.49 in the next quarter, and analysts are predicting that it will be -0.35 at the market close of one year from today.
Technical Analysis of Cango Inc. (CANG)
If we take a close look at the recent performances of Cango Inc. (NYSE: CANG), its last 5-days Average volume was 0.29 million that shows progress from its year to date volume of 0.19 million. During the previous 9 days, stock’s Stochastic %D was recorded 42.86% While, its Average True Range was 0.10.