NYSE:CANG Cango (CANG) Stock Price, News & Analysis $4.13 +0.63 (+18.00%) (As of 11/20/2024 ET) Add Compare Share Share Stock Analysis Stock AnalysisChartCompetitorsDividendEarningsFinancialsHeadlinesOwnershipSEC FilingsShort InterestTrends About Cango Stock (NYSE:CANG) 30 days 90 days 365 days Advanced Chart View Price History Chart DataSkip Price History Chart Get Cango alerts:Sign Up Key Stats Today's Range$3.53▼$4.1450-Day Range$1.49▼$4.1852-Week Range$0.92▼$4.20Volume363,185 shsAverage Volume85,454 shsMarket Capitalization$449.84 millionP/E Ratio24.29Dividend YieldN/APrice TargetN/AConsensus RatingN/A Company OverviewCango 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.Read More… Blackrock’s Sending THIS Crypto Higher on Purpose (Ad)It's a groundbreaking opportunity that could be poised for extraordinary gains. The catalyst behind this surge is a massive new blockchain development…YES, I WANT THE #1 CRYPTO NOW Cango Stock Analysis - MarketRank™See Top Rated MarketRank™ Stocks52nd Percentile Overall ScoreCANG 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. Analyst's OpinionN/AAnalyst RatingN/A Consensus RatingThere is not enough analysis data for Cango. Earnings and Valuation1.9 / 5Proj. Earnings GrowthN/A Price to Earnings Ratio vs. the MarketThe 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. SectorThe 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 RatioCango 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. Short Interest5.0 / 5Short Interest LevelHealthy Percentage of Shares Shorted0.01% of the float of Cango has been sold short.Short Interest Ratio / Days to CoverCango 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 monthShort interest in Cango has recently decreased by 42.31%, indicating that investor sentiment is improving significantly. Dividend0.0 / 5Dividend StrengthN/A Dividend YieldCango does not currently pay a dividend.Dividend GrowthCango does not have a long track record of dividend growth. Sustainability and ESGN/AEnvironmental ScoreN/A Percentage of Shares Shorted0.01% of the float of Cango has been sold short.Short Interest Ratio / Days to CoverCango 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 monthShort interest in Cango has recently decreased by 42.31%, indicating that investor sentiment is improving significantly. News and Social Media2.4 / 5News Sentiment0.31 News SentimentCango 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 WeekMarketBeat has tracked 4 news articles for Cango this week, compared to 1 article on an average week.Search Interest2 people have searched for CANG on MarketBeat in the last 30 days. This is an increase of 100% compared to the previous 30 days. Company Ownership1.7 / 5Insider TradingN/A Insider Buying vs. Insider SellingIn the past three months, Cango insiders have not sold or bought any company stock.Percentage Held by Insiders29.10% 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 InstitutionsOnly 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. Email Address CANG Stock News HeadlinesCango Appoints New Accounting Firm Amid Smooth TransitionNovember 20 at 2:32 PM | markets.businessinsider.comCango Inc. Strengthens Portfolio with Crypto Mining AssetsNovember 20 at 9:30 AM | markets.businessinsider.comBlackrock’s Sending THIS Crypto Higher on PurposeIt's a groundbreaking opportunity that could be poised for extraordinary gains. The catalyst behind this surge is a massive new blockchain development…November 21, 2024 | Crypto 101 Media (Ad)Cango Inc. Announces Change of Independent Registered Public Accounting FirmNovember 18 at 7:00 AM | prnewswire.comCango Inc. Completes Cash-Settled Acquisitions of Crypto Mining AssetsNovember 15, 2024 | prnewswire.comCango Inc. Ventures into Crypto Mining SectorNovember 9, 2024 | markets.businessinsider.comCango Builds Up Global Capabilities In Search Of New DirectionNovember 7, 2024 | benzinga.comCango Inc. Reports Strong Turnaround in Q3 2024November 7, 2024 | markets.businessinsider.comSee More Headlines CANG Stock Analysis - Frequently Asked Questions How have CANG shares performed this year? 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. How were Cango's earnings last quarter? 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%. When did Cango IPO? 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. Who are Cango's major shareholders? Top institutional shareholders of Cango include International Assets Investment Management LLC (0.03%). How do I buy shares of Cango? 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. What other stocks do shareholders of Cango own? 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 Earnings8/29/2024Today11/21/2024Fiscal Year End12/31/2024Next Earnings (Estimated)3/10/2025Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNYSE SectorComputer and Technology Industry Prepackaged software Sub-IndustryComputer Software Current SymbolNYSE:CANG CUSIPN/A CIK1725123 Webwww.cangoonline.com Phone862131835088FaxN/AEmployees2,350Year FoundedN/AProfitability EPS (Most Recent Fiscal Year)$0.17 Trailing P/E Ratio24.29 Forward P/E RatioN/A P/E GrowthN/ANet Income$-5,330,000.00 Net Margins51.90% Pretax Margin89.81% Return on Equity3.55% Return on Assets3.02% Debt Debt-to-Equity RatioN/A Current Ratio7.83 Quick Ratio7.83 Sales & Book Value Annual Sales$239.71 million Price / Sales1.88 Cash FlowN/A Price / Cash FlowN/A Book Value$4.94 per share Price / Book0.84Miscellaneous Outstanding Shares108,920,000Free Float77,223,000Market Cap$449.84 million OptionableNot Optionable Beta0.63 The Best High-Yield Dividend Stocks for 2024Looking to generate income with your stock portfolio? 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