Cango Inc Stock Analysis
| CANG Stock | USD 4.16 0.50 10.73% |
Cango Inc is overvalued with Real Value of 3.69 and Hype Value of 4.16. The main objective of Cango stock analysis is to determine its intrinsic value, which is an estimate of what Cango Inc is worth, separate from its market price. There are two main types of Cango's stock analysis: fundamental analysis and technical analysis.
The Cango stock is traded in the USA on New York Stock Exchange, with the market opening at 09:30:00 and closing at 16:00:00 every Mon,Tue,Wed,Thu,Fri except for officially observed holidays in the USA. Here, you can get updates on important government artifacts, including earning estimates, SEC corporate filings, announcements, and Cango's ongoing operational relationships across important fundamental and technical indicators.
Cango |
Cango Stock Analysis Notes
About 16.0% of the company shares are held by company insiders. The company has price-to-book (P/B) ratio of 0.79. Some equities with similar Price to Book (P/B) outperform the market in the long run. Cango Inc last dividend was issued on the 25th of November 2022. Cango Inc. operates an automotive transaction service platform that connects dealers, original equipment manufacturer, financial institutions, car buyers, and other industry participants in the Peoples Republic of China. The company was founded in 2010 and is headquartered in Shanghai, the Peoples Republic of China. Cango Inc operates under Auto Truck Dealerships classification in the United States and is traded on New York Stock Exchange. It employs 2351 people. For more info on Cango Inc please contact Lin Jiayuan at 86 21 3183 5088 or go to https://ir.cangoonline.com.Cango Inc Investment Alerts
| Cango Inc generated a negative expected return over the last 90 days | |
| Cango Inc has high historical volatility and very poor performance | |
| The company reported the previous year's revenue of 1.7 B. Net Loss for the year was (37.87 M) with profit before overhead, payroll, taxes, and interest of 444.97 M. | |
| About 16.0% of the company shares are held by company insiders |
Cango Inc Upcoming and Recent Events
| 14th of March 2024 Upcoming Quarterly Report | View | |
| 31st of December 2023 Next Fiscal Quarter End | View | |
| 30th of September 2023 Last Quarter Report | View |
Cango Market Capitalization
The company currently falls under 'Small-Cap' category with a current market capitalization of 486.34 M.Cango Profitablity
The company has Profit Margin (PM) of 0.37 %, which maeans that even a very small decline in it revenue will erase profits resulting in a net loss. This is way below average. Similarly, it shows Operating Margin (OM) of 0.08 %, which suggests for every 100 dollars of sales, it generated a net operating income of $0.08.Technical Drivers
As of the 20th of March, Cango shows the Standard Deviation of 5.59, mean deviation of 4.21, and Risk Adjusted Performance of (0.02). Cango Inc technical analysis gives you the methodology to make use of historical prices and volume patterns to determine a pattern that approximates the direction of the firm's future prices. Please confirm Cango Inc variance, maximum drawdown, as well as the relationship between the Maximum Drawdown and skewness to decide if Cango Inc is priced correctly, providing market reflects its regular price of 4.16 per share. Given that Cango has information ratio of (0.02), we suggest you to validate Cango Inc's prevailing market performance to make sure the company can sustain itself at a future point.Cango Inc Price Movement Analysis
The output start index for this execution was twenty-three with a total number of output elements of thirty-eight. The Bollinger Bands is very popular indicator that was developed by John Bollinger. It consist of three lines. Cango middle band is a simple moving average of its typical price. The upper and lower bands are (N) standard deviations above and below the middle band. The bands widen and narrow when the volatility of the price is higher or lower, respectively. The upper and lower bands can also be interpreted as price targets for Cango Inc. When the price bounces off of the lower band and crosses the middle band, then the upper band becomes the price target.
Cango Outstanding Bonds
Cango issues bonds to finance its operations. Corporate bonds make up one of the largest components of the U.S. bond market, which is considered the world's largest securities market. Cango Inc uses the proceeds from bond sales for a wide variety of purposes, including financing ongoing mergers and acquisitions, buying new equipment, investing in research and development, buying back their own stock, paying dividends to shareholders, and even refinancing existing debt. Most Cango bonds can be classified according to their maturity, which is the date when Cango Inc has to pay back the principal to investors. Maturities can be short-term, medium-term, or long-term (more than ten years). Longer-term bonds usually offer higher interest rates but may entail additional risks.
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Cango Predictive Daily Indicators
Cango intraday indicators are useful technical analysis tools used by many experienced traders. Just like the conventional technical analysis, daily indicators help intraday investors to analyze the price movement with the timing of Cango stock daily movement. By combining multiple daily indicators into a single trading strategy, you can limit your risk while still earning strong returns on your managed positions.
Cango Forecast Models
Cango's time-series forecasting models are one of many Cango's stock analysis techniques aimed at predicting future share value based on previously observed values. Time-series forecasting models ae widely used for non-stationary data. Non-stationary data are called the data whose statistical properties e.g. the mean and standard deviation are not constant over time but instead, these metrics vary over time. These non-stationary Cango's historical data is usually called time-series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the market movement and maximize returns from investment trading.About Cango Stock Analysis
Stock analysis is the technique used by a trader or investor to examine and evaluate how Cango prices is reacting to, or reflecting on a current market direction and economic conditions. It can be used to make informed decisions about market timing, and when buying or selling Cango shares will generate the highest return on investment. We also built our stock analysis module to help investors to gain an insight into the world economy as a whole, the stock market, thematic ideas. a specific sector, or an individual Stock such as Cango. By using and applying Cango Stock analysis, traders can create a robust methodology for identifying Cango entry and exit points for their positions.
Cango Inc. operates an automotive transaction service platform that connects dealers, original equipment manufacturer, financial institutions, car buyers, and other industry participants in the Peoples Republic of China. The company was founded in 2010 and is headquartered in Shanghai, the Peoples Republic of China. Cango Inc operates under Auto Truck Dealerships classification in the United States and is traded on New York Stock Exchange. It employs 2351 people.
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Complementary Tools for Cango Stock analysis
When running Cango's price analysis, check to measure Cango's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Cango is operating at the current time. Most of Cango's value examination focuses on studying past and present price action to predict the probability of Cango's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Cango's price. Additionally, you may evaluate how the addition of Cango to your portfolios can decrease your overall portfolio volatility.
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