Cango (CANG) Stock Forecast, Price & News

Cango's stock was trading at $1.3080 at the start of the year. Since then, CANG shares have decreased by 9.3% and is now trading at $1.1860.
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Cango saw a drop in short interest in September. As of September 15th, there was short interest totaling 42,000 shares, a drop of 13.6% from the August 31st total of 48,600 shares. Based on an average daily trading volume, of 68,900 shares, the days-to-cover ratio is currently 0.6 days. Currently, 0.1% of the company's shares are short sold.
View Cango's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Tuesday, December 5th 2023.
View our CANG earnings forecast.

Cango Inc. (NYSE:CANG) issued its quarterly earnings data on Wednesday, August, 23rd. The company reported $0.04 earnings per share for the quarter. The business earned $93.15 million during the quarter. Cango had a negative net margin of 27.51% and a negative trailing twelve-month return on equity of 12.74%.

Cango declared a -- dividend on Thursday, October 13th. Shareholders of record on Monday, October 24th will be given a dividend of $0.98 per share on Wednesday, November 23rd. The ex-dividend date of this dividend is Friday, November 25th.
Read our dividend analysis for CANG.

Cango issued an update on its third quarter 2023 earnings guidance on Thursday, August, 24th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $41.37 million-$48.27 million.

Based on aggregate information from My MarketBeat watchlists, some companies that other Cango investors own include Gilead Sciences (GILD), BCE (BCE), Altria Group (MO), Algonquin Power & Utilities (AQN), Cinemark (CNK), GSK (GSK), International Business Machines (IBM), Marathon Petroleum (MPC), NVIDIA (NVDA) and Pfizer (PFE).

(CANG) raised $138 million in an initial public offering 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) acted as the underwriters for the IPO.

Cango trades on the New York Stock Exchange (NYSE) under the ticker symbol "CANG."

Shares of CANG stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of CANG stock can currently be purchased for approximately $1.19.

Cango (NYSE:CANG) has a market capitalization of $159.86 million and generates $287.14 million in revenue each year. The company earns $-161,110,000.00 in net income (profit) each year or ($0.61) on an earnings per share basis.

The company employs 827 workers across the globe.

Cango's mailing address is 18F BUILDING 2 YOUYOU CENTURY PLAZA 428 SOUTH YANGGAO ROAD PUDONG NEW AREA, SHANGHAI F4, 200127. The official website for the company is www.cangoonline.com. The company can be reached via phone at 862131835088 or via email at ir@cangoonline.com.