Cango Stock Forecast, Price & News

Wall Street analysts have given Cango a "N/A" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but Cango wasn't one of them. MarketBeat thinks these five companies may be even better buys.
View MarketBeat's top stock picks here.

Cango saw a increase in short interest in the month of August. As of August 31st, there was short interest totaling 989,200 shares, an increase of 24.4% from the August 15th total of 795,300 shares. Based on an average daily volume of 391,900 shares, the short-interest ratio is currently 2.5 days. Currently, 1.3% of the shares of the stock are sold short.
View Cango's Short Interest.

Cango is scheduled to release its next quarterly earnings announcement on Monday, November 22nd 2021.
View our earnings forecast for Cango.

Cango Inc. (NYSE:CANG) announced its earnings results on Wednesday, August, 18th. The company reported $3.89 earnings per share (EPS) for the quarter, topping the Thomson Reuters' consensus estimate of $0.25 by $3.64. Cango had a trailing twelve-month return on equity of 48.38% and a net margin of 99.11%.
View Cango's earnings history.

Cango's stock was trading at $6.85 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, CANG stock has decreased by 36.9% and is now trading at $4.32.
View which stocks have been most impacted by COVID-19.

Cango announced a -- dividend on Friday, March 12th. Investors of record on Monday, March 22nd will be given a dividend of $1.00 per share on Thursday, April 8th. This represents a dividend yield of 2.4%. The ex-dividend date of this dividend is Friday, March 19th. This is an increase from Cango's previous -- dividend of $0.23.
View Cango's dividend history.

Cango updated its third quarter 2021 earnings guidance on Thursday, September, 16th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $108.42 million-$116.16 million.

Some companies that are related to Cango include Domo (DOMO), Alkami Technology (ALKT), Zuora (ZUO), Sumo Logic (SUMO), Ping Identity (PING), Progress Software (PRGS), SecureWorks (SCWX), Momo (MOMO), Intapp (INTA), Porch Group (PRCH), Bottomline Technologies (de) (EPAY), Grid Dynamics (GDYN), Cognyte Software (CGNT), WM Technology (MAPS) and QAD (QADB).
View all of CANG's competitors.

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), GlaxoSmithKline (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) served as the underwriters for the IPO.

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

Cango's stock is owned by a number of institutional and retail investors. Top institutional investors include Marshall Wace LLP (0.62%), Marshall Wace LLP (0.62%), Element Capital Management LLC (0.37%), State Street Corp (0.23%), Millennium Management LLC (0.23%) and Ionic Capital Management LLC (0.16%).

CANG stock was sold by a variety of institutional investors in the last quarter, including Citadel Advisors LLC, Jump Financial LLC, Sei Investments Co., and Paloma Partners Management Co.

CANG stock was purchased by a variety of institutional investors in the last quarter, including Element Capital Management LLC, State Street Corp, Millennium Management LLC, Ionic Capital Management LLC, Invesco Ltd., Qube Research & Technologies Ltd, Marshall Wace LLP, and Marshall Wace LLP.

Shares of CANG 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.
Compare Top Brokerages Here.

One share of CANG stock can currently be purchased for approximately $4.32.

Cango has a market capitalization of $647.48 million and generates $314.55 million in revenue each year. The company earns $516.40 million in net income (profit) each year or $3.40 on an earnings per share basis.

Cango employs 3,009 workers across the globe.

The official website for Cango is www.cangoonline.com.

Cango is headquartered at 18F BUILDING 2 YOUYOU CENTURY PLAZA 428 SOUTH YANGGAO ROAD PUDONG NEW AREA, SHANGHAI F4, 200127.

Cango's mailing address is 18F BUILDING 2 YOUYOU CENTURY PLAZA 428 SOUTH YANGGAO ROAD PUDONG NEW AREA, SHANGHAI F4, 200127. The company can be reached via phone at 862131835088 or via email at [email protected].