At the end of the latest market close, Cango Inc. (CANG) was valued at $9.78. In that particular session, Stock kicked-off at the price of $10.26 while reaching the peak value of $10.5199 and lowest value recorded on the day was $9.68. The stock current value is $8.45.
Recently in News on December 28, 2020, Cango Inc. to Participate in Upcoming January Conferences. Cango, Inc. (NYSE: CANG) (“Cango” or the “Company”), a leading automotive transaction service platform in China, today announced its participation in the following conferences in January. Details of the conferences are as follows:. You can read further details here
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Cango Inc. had a pretty favorable run when it comes to the market performance. The 1-year high price for the company’s stock is recorded $19.60 on 01/28/21, with the lowest value was $6.95 for the same time period, recorded on 01/04/21.
Cango Inc. (CANG) full year performance was 39.12%
Price records that include history of low and high prices in the period of 52 weeks can tell a lot about the stock’s existing status and the future performance. Presently, Cango Inc. shares are logging -56.89% during the 52-week period from high price, and 101.19% higher than the lowest price point for the same timeframe. The stock’s price range for the 52-week period managed to maintain the performance between $4.20 and $19.60.
The company’s shares, operating in the sector of Communication Services managed to top a trading volume set approximately around 864321 for the day, which was evidently higher, when compared to the average daily volumes of the shares.
When it comes to the year-to-date metrics, the Cango Inc. (CANG) recorded performance in the market was 39.71%, having the revenues showcasing 12.41% on a quarterly basis in comparison with the same period year before. At the time of this writing, the total market value of the company is set at 1.39B, as it employees total of 3189 workers.
Analysts verdict on Cango Inc. (CANG)
During the last month, 0 analysts gave the Cango Inc. a BUY rating, 0 of the polled analysts branded the stock as an OVERWEIGHT, 0 analysts were recommending to HOLD this stock, 0 of them gave the stock UNDERWEIGHT rating, and 0 of the polled analysts provided SELL rating.
According to the data provided on Barchart.com, the moving average of the company in the 100-day period was set at 8.24, with a change in the price was noted +3.03. In a similar fashion, Cango Inc. posted a movement of +57.28% for the period of last 100 days, recording 479,548 in trading volumes.
Total Debt to Equity Ratio (D/E) can also provide valuable insight into the company’s financial health and market status. The debt to equity ratio can be calculated by dividing the present total liabilities of a company by shareholders’ equity. Debt to Equity thus makes a valuable metrics that describes the debt, company is using in order to support assets, correlating with the value of shareholders’ equity The total Debt to Equity ratio for CANG is recording 0.34 at the time of this writing. In addition, long term Debt to Equity ratio is set at 0.10.
Cango Inc. (CANG): Technical Analysis
Raw Stochastic average of Cango Inc. in the period of last 50 days is set at 11.39%. The result represents improvement in oppose to Raw Stochastic average for the period of the last 20 days, recording 0.58%. In the last 20 days, the company’s Stochastic %K was 4.82% and its Stochastic %D was recorded 11.83%.
Let’s take a glance in the erstwhile performances of Cango Inc., multiple moving trends are noted. Year-to-date Price performance of the company’s stock appears to be pessimistic, given the fact the metric is recording 39.71%. Additionally, trading for the stock in the period of the last six months notably improved by 59.02%, alongside a boost of 39.12% for the period of the last 12 months. The shares increased approximately by -16.12% in the 7-day charts and went down by 15.06% in the period of the last 30 days. Common stock shares were driven by 12.41% during last recorded quarter.