Cango Inc ADR (NYSE: CANG) is 19.09% higher on its value in year-to-date trading and has touched a low of $1.40 and a high of $9.66 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The CANG stock was last observed hovering at around $4.93 in the last trading session, with the day’s gains setting it 0.31%.
Currently trading at $5.24, the stock is 16.08% and 26.27% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.99 million and changing 6.29% at the moment leaves the stock 46.41% off its SMA200. CANG registered 251.68% gain for a year compared to 6-month loss of 26.57%. The firm has a 50-day simple moving average (SMA 50) of $4.15 and a 200-day simple moving average (SMA200) of $3.57905.
The stock witnessed a 29.38% gain in the last 1 month and extending the period to 3 months gives it a 52.33%, and is 7.82% up 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 3.27% over the week and 3.79% over the month.
Cango Inc ADR (CANG) has around 217 employees, a market worth around $352.60M and $247.44M in sales. Fwd P/E is 8.16. Profit margin for the company is 0.25%. Distance from 52-week low is 274.29% and -45.76% from its 52-week high. The company has generated returns on investments over the last 12 months (0.12%).
The EPS is expected to shrink by -109.72% this year
44.0 institutions hold shares in Cango Inc ADR (CANG), with institutional investors hold 52.12% of the company’s shares. The shares outstanding are 67.29M, and float is at 62.50M with Short Float at 1.93%. Institutions hold 44.47% of the Float.
The top institutional shareholder in the company is PRIMAVERA CAPITAL MANAGEMENT LTD with over 5.15 million shares valued at $$8.61 million. The investor’s holdings represent 4.8846 of the CANG Shares outstanding. As of 2024-06-30, the second largest holder is MORGAN STANLEY with 79290.0 shares valued at $$0.13 million to account for 0.1524 of the shares outstanding. The other top investors are CETERA INVESTMENT ADVISERS which holds 98450.0 shares representing 0.0933 and valued at over $$0.16 million, while RHUMBLINE ADVISERS holds 0.0384 of the shares totaling 40564.0 with a market value of $$67741.0.
Cango Inc ADR (CANG) Insider Activity
Still, SEC filings show that on Mar 11 ’25, Lin Jiayuan (Director) Proposed Sale 200,000 shares at an average price of $3.44 for $0.69 million. The insider now directly holds shares of Cango Inc ADR (CANG).
