Investors’ outlook regarding the stock price performance over the year has been split, with some feeling optimistic and others feeling pessimistic, as it’s been a mixed bag. Year to date metric has recorded a gain of 144.12%.However, over the last six months, we can see a weaker performance of 74.13%. Over the last 30 days, the price of CANG has fallen by 36.81%. And in the last five days, it has surged by 42.29%.
Cango Inc ADR experienced a somewhat steady performance in the stock market. The company’s stock reached a 1-year high of $2.25 on 10/28/24, while the lowest price for the same period was registered at $0.92 on 12/07/23.
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52-week price history of CANG Stock
Analyzing a stock’s 52-week high and low prices can offer important information about its present condition and future outlook. Cango Inc ADR’s current trading price is 10.67% away from its 52-week high, while its distance from the 52-week low is 170.65%. The stock’s price range during this period has varied between$0.92 and $2.25. The Cango Inc ADR’s shares, which operate in the Consumer Cyclical, saw a trading volume of around 0.55 million for the day, a figure considerably higher than their average daily volume of 49520.0 over last three months.
Market Capitalization vs. Financial Performance: A Comparative Study
Cango Inc ADR (CANG) has experienced a quarterly rise of 33.87% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 180.35M and boasts a workforce of 632 employees.
Combining Moving Average and Trading Volume Data for Better Market Insight
Based on Barchart.com data, the company’s moving average over the 100-day period was 1.76, with a change in price of +0.86. Similarly, Cango Inc ADR recorded 53,302 in trading volume during the last 100 days, posting a change of +52.29%.
CANG’s Debt-to-Equity Ratio Cause for Concern? An In-Depth Look
The debt-to-equity (D/E) ratio is a significant metric that provides insights into a company’s financial state and market presence. By dividing a company’s current liabilities by its shareholders’ equity, the D/E ratio depicts the extent of debt used by a company to fund its assets relative to the value of its shareholders’ equity. At the time of writing, the total D/E ratio for CANG stands at 0.01. Similarly, the long-term debt-to-equity ratio is also 0.01.
CANG Stock Stochastic Average
Cango Inc ADR’s raw stochastic average for the past 50 days is presently 90.08%, as of today. This marks a increase from the raw stochastic average of the last 20 days, which was 88.68%. Additionally, the company’s Stochastic %K and %D values for the past 20 days were 92.95% and 85.78%, respectively.
