Set Your Sights On Cango Inc ADR (NYSE: CANG)’S Upside Potential

Cango Inc ADR (CANG) concluded trading on Wednesday at a closing price of $8.00, with 6.04 million shares of worth about $48.28 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 387.80% during that period and on December 18, 2024 the price saw a gain of about 15.77%. Currently the company’s common shares owned by public are about 72.43M shares, out of which, 67.27M shares are available for trading.

Stock saw a price change of 75.82% in past 5 days and over the past one month there was a price change of 134.60%. Year-to-date (YTD), CANG shares are showing a performance of 684.31% which increased to 739.45% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $0.94 but also hit the highest price of $6.97 during that period. The average intraday trading volume for Cango Inc ADR shares is 349.39K. The stock is currently trading 72.67% above its 20-day simple moving average (SMA20), while that difference is up 135.60% for SMA50 and it goes to 284.71% higher than SMA200.

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Cango Inc ADR (NYSE: CANG) currently have 72.43M outstanding shares and institutions hold larger chunk of about 0.60% of that.

The stock has a current market capitalization of $579.44M and its 3Y-monthly beta is at 0.54. PE ratio of stock for trailing 12 months is 17.17, while it has posted earnings per share of $0.47 in the same period. It has a debt-to-equity ratio of 0.01. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for CANG, volatility over the week remained 21.54% while standing at 12.93% over the month.

Coverage by Goldman stated Cango Inc ADR (CANG) stock as a Neutral in their note to investors on September 04, 2018, suggesting a price target of $11.90 for the stock.

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