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Cheche Group (NASDAQ:CCG) Stock Price Down 1% - Here's What Happened

Cheche Group logo with Financial Services background

Key Points

  • Cheche Group Inc. (NASDAQ: CCG) experienced a 1% drop in its stock price during mid-day trading, trading as low as $0.96.
  • Analysts have differing views on Cheche Group, with Weiss Ratings maintaining a "sell" rating while Wall Street Zen upgraded it to a "hold."
  • The company, which operates in the auto insurance technology sector, has a market capitalization of $63.12 million and a P/E ratio of -8.82.
  • Interested in Cheche Group? Here are five stocks we like better.

Cheche Group Inc. (NASDAQ:CCG - Get Free Report)'s share price dropped 1% during mid-day trading on Friday . The company traded as low as $0.96 and last traded at $0.97. Approximately 118,848 shares were traded during mid-day trading, a decline of 67% from the average daily volume of 357,263 shares. The stock had previously closed at $0.98.

Analysts Set New Price Targets

Several research analysts have recently commented on CCG shares. Weiss Ratings reaffirmed a "sell (e+)" rating on shares of Cheche Group in a report on Wednesday, October 8th. Wall Street Zen raised shares of Cheche Group to a "hold" rating in a report on Friday, October 3rd. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, Cheche Group presently has an average rating of "Sell".

Get Our Latest Research Report on CCG

Cheche Group Trading Down 1.0%

The firm has a market cap of $63.12 million, a P/E ratio of -8.82 and a beta of 0.44.

About Cheche Group

(Get Free Report)

Cheche Group Inc offer auto insurance technology platform. The company evolved into a comprehensive, data-driven technology platform which offers a full suite of services and products for digital insurance transactions and insurance SaaS solutions principally in China. Cheche Group Inc, formerly known as Prime Impact, is headquartered in Beijing, China.

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