Free Trial
NYSE:CANG

Cango (CANG) Stock Price, News & Analysis

Cango logo
$4.13 +0.63 (+18.00%)
(As of 11/20/2024 ET)

About Cango Stock (NYSE:CANG)

Key Stats

Today's Range
$3.53
$4.14
50-Day Range
$1.49
$4.18
52-Week Range
$0.92
$4.20
Volume
363,185 shs
Average Volume
85,454 shs
Market Capitalization
$449.84 million
P/E Ratio
24.29
Dividend Yield
N/A
Price Target
N/A
Consensus Rating
N/A

Company Overview

Cango Inc. operates an automotive transaction service platform that connects dealers, original equipment manufacturers, financial institutions, car buyers, insurance brokers, and companies in the People's Republic of China. The company offers automobile trading solutions comprising car sourcing, transaction facilitation, logistics, and warehousing support for dealers through Cango Haoche app that offers new car transaction services, and Cango U-Car app that offers used-car transaction services. It also provides automotive financing facilitation services that include facilitating financing transactions from financial institutions to car buyers, which comprises credit origination, credit assessment, credit servicing, and delinquent asset management services; facilitating financing transactions of car purchases for car buyers; and after-market services to car buyers, which includes facilitating the sale of insurance policies from insurance brokers or companies. The company was founded in 2010 and is headquartered in Shanghai, the People's Republic of China.

Cango Stock Analysis - MarketRank™

See Top Rated MarketRank™ Stocks
52nd Percentile Overall Score

CANG MarketRank™: 

Cango scored higher than 52% of companies evaluated by MarketBeat, and ranked 397th out of 648 stocks in the computer and technology sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Consensus Rating

    There is not enough analysis data for Cango.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of Cango is 24.29, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 131.22.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of Cango is 24.29, which means that it is trading at a less expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 258.40.

  • Price to Book Value per Share Ratio

    Cango has a P/B Ratio of 0.84. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

  • Read more about Cango's valuation and earnings.
  • Percentage of Shares Shorted

    0.01% of the float of Cango has been sold short.
  • Short Interest Ratio / Days to Cover

    Cango has a short interest ratio ("days to cover") of 0, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in Cango has recently decreased by 42.31%, indicating that investor sentiment is improving significantly.
  • Dividend Yield

    Cango does not currently pay a dividend.

  • Dividend Growth

    Cango does not have a long track record of dividend growth.

  • Percentage of Shares Shorted

    0.01% of the float of Cango has been sold short.
  • Short Interest Ratio / Days to Cover

    Cango has a short interest ratio ("days to cover") of 0, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in Cango has recently decreased by 42.31%, indicating that investor sentiment is improving significantly.
  • News Sentiment

    Cango has a news sentiment score of 0.31. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.58 average news sentiment score of Computer and Technology companies.
  • News Coverage This Week

    MarketBeat has tracked 4 news articles for Cango this week, compared to 1 article on an average week.
  • Search Interest

    2 people have searched for CANG on MarketBeat in the last 30 days. This is an increase of 100% compared to the previous 30 days.
  • Insider Buying vs. Insider Selling

    In the past three months, Cango insiders have not sold or bought any company stock.

  • Percentage Held by Insiders

    29.10% of the stock of Cango is held by insiders. A high percentage of insider ownership can be a sign of company health.

  • Percentage Held by Institutions

    Only 4.22% of the stock of Cango is held by institutions.

  • Read more about Cango's insider trading history.
Receive CANG Stock News and Ratings via Email

Sign-up to receive the latest news and ratings for Cango and its competitors with MarketBeat's FREE daily newsletter.

CANG Stock News Headlines

Cango Appoints New Accounting Firm Amid Smooth Transition
Cango Inc. Strengthens Portfolio with Crypto Mining Assets
Blackrock’s Sending THIS Crypto Higher on Purpose
It's a groundbreaking opportunity that could be poised for extraordinary gains. The catalyst behind this surge is a massive new blockchain development…
Cango Inc. Ventures into Crypto Mining Sector
Cango Inc. Reports Strong Turnaround in Q3 2024
See More Headlines

CANG Stock Analysis - Frequently Asked Questions

Cango's stock was trading at $1.02 at the beginning of the year. Since then, CANG stock has increased by 304.9% and is now trading at $4.13.
View the best growth stocks for 2024 here
.

Cango Inc. (NYSE:CANG) issued its earnings results on Thursday, August, 29th. The company reported $0.10 EPS for the quarter. The firm earned $6.20 million during the quarter. Cango had a net margin of 51.90% and a trailing twelve-month return on equity of 3.55%.

Cango (CANG) raised $138 million in an IPO on Thursday, July 26th 2018. The company issued 12,500,000 shares at $10.00-$12.00 per share. Morgan Stanley, BofA Merrill Lynch and Goldman Sachs (Asia) served as the underwriters for the IPO.

Top institutional shareholders of Cango include International Assets Investment Management LLC (0.03%).

Shares of CANG stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Based on aggregate information from My MarketBeat watchlists, some other companies that Cango investors own include NVIDIA (NVDA), Meta Platforms (META), Broadcom (AVGO), Advanced Micro Devices (AMD), Adobe (ADBE), PayPal (PYPL) and Arista Networks (ANET).

Company Calendar

Last Earnings
8/29/2024
Today
11/21/2024
Fiscal Year End
12/31/2024
Next Earnings (Estimated)
3/10/2025

Industry, Sector and Symbol

Industry
Prepackaged software
Sub-Industry
Computer Software
Fax
N/A
Employees
2,350
Year Founded
N/A

Profitability

Net Income
$-5,330,000.00
Pretax Margin
89.81%

Debt

Sales & Book Value

Annual Sales
$239.71 million
Book Value
$4.94 per share

Miscellaneous

Free Float
77,223,000
Market Cap
$449.84 million
Optionable
Not Optionable
Beta
0.63
The Best High-Yield Dividend Stocks for 2024 Cover

Looking to generate income with your stock portfolio? Use these ten stocks to generate a safe and reliable source of investment income.

Get This Free Report

This page (NYSE:CANG) was last updated on 11/21/2024 by MarketBeat.com Staff
From Our Partners