Cheetah Net Supply Chain Service Inc (NASDAQ: CTNT) is -83.78% lower on its value in year-to-date trading and has touched a low of $0.20 and a high of $14.76 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The CTNT stock was last observed hovering at around $0.24 in the last trading session, with the day’s loss setting it -0.03%.
Currently trading at $0.21, the stock is -32.44% and -51.69% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.26 million and changing -12.17% at the moment leaves the stock -85.12% off its SMA200. CTNT registered -90.83% loss for a year compared to 6-month loss of -87.22%.
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The stock witnessed a -57.32% gain in the last 1 month and extending the period to 3 months gives it a -96.71%, and is -3.57% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 9.26% over the week and 14.26% over the month.
Cheetah Net Supply Chain Service Inc (CTNT) has around 20 employees, a market worth around $8.20M and $17.68M in sales. Fwd P/E is 2.64. Profit margin for the company is -6.42%. Distance from 52-week low is 5.40% and -98.57% from its 52-week high. The company has generated returns on investments over the last 12 months (-7.26%).
Cheetah Net Supply Chain Service Inc quarterly earnings per share for the current quarter are estimated at $0.01 with sales reaching $4.9M over the same period.The EPS is expected to shrink by -200.00% this year, but quarterly earnings will post -55.10% year-over-year.
The shares outstanding are 38.88M, and float is at 25.66M with Short Float at 1.73%.
Cheetah Net Supply Chain Service Inc (CTNT) Insider Activity
The most recent transaction is an insider sale by Chen Huoyuan, the company’s 10% Owner. SEC filings show that Chen Huoyuan sold 990,000 shares of the company’s common stock on May 21 ’24 at a price of $1.26 per share for a total of $1.25 million. Following the sale, the insider now owns 0.0 shares.
Cheetah Net Supply Chain Service Inc disclosed in a document filed with the SEC on May 14 ’24 that Chen Huoyuan (10% Owner) sold a total of 8,500 shares of the company’s common stock. The trade occurred on May 14 ’24 and was made at $4.32 per share for $36720.0. Following the transaction, the insider now directly holds 0.99 million shares of the CTNT stock.
Still, SEC filings show that on May 07 ’24, Chen Huoyuan (10% Owner) disposed off 1,000 shares at an average price of $1.76 for $1760.0. The insider now directly holds 998,900 shares of Cheetah Net Supply Chain Service Inc (CTNT).
