The 52-week high and low prices can offer valuable insights into a stock’s current standing and prospects for future performance. Cheche Group Inc’s current trading price is -79.05% away from its 52-week high, while its distance from the 52-week low is 107.21%. The stock’s price range for this period has been between $0.56 and $5.49 The company’s shares, which are part of the Communication Services sector, had a trading volume of approximately 2.48 million for the day, a number notably higher than the average daily volume of 0.24 million over the last three months.
Cheche Group Inc experienced a somewhat shaky performance in the stock market. The company’s stock reached a 1-year high of $5.49 on 02/26/24, while the lowest price for the same period was registered at $0.56 on 09/09/24.
Exploring Financial Performance and Market Capitalization: A Comprehensive Analysis
Cheche Group Inc (CCG) has experienced a quarterly rise of 34.98% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 87.11M and boasts a workforce of 635 employees.
Analyzing Trading Volume and Moving Average Trends
Based on Barchart.com data, the company’s moving average over the 100-day period was 0.8598, with a change in price of +0.3870. Similarly, Cheche Group Inc recorded 309,573 in trading volume during the last 100 days, posting a change of +50.72%.
Understanding Ticker ‘s Debt-to-Equity Ratio: An Analysis
The debt-to-equity (D/E) ratio serves as an important indicator of a company’s financial stability and market position. By dividing a company’s total liabilities by its shareholders’ equity, the D/E ratio reveals the degree to which a company relies on debt to finance assets compared to its shareholders’ equity. At the time of writing, the total D/E ratio for CCG stands at 0.07. Similarly, the long-term debt-to-equity ratio is also 0.01.
CCG Stock Stochastic Average
Cheche Group Inc’s raw stochastic average for the past 50 days is presently 90.50%, as of today. This marks a increase from the raw stochastic average of the last 20 days, which was 87.63%. Additionally, the company’s Stochastic %K and %D values for the past 20 days were 60.66% and 41.83%, respectively.
CCG Stock Price Performance Analysis
The stock price performance for the year has been a mixed bag, indicating either a pessimistic or optimistic outlook depending on how you look at it. Until today this year the stock’s price performance recorded an increase of 29.23%. However, over the last six months, the performance has been weaker by 22.99%. The price of CCG increased 31.65% over the last 30 days. And in the last five days, it has surged by 31.13%.
