NYSE:CANGCango Stock Price, Forecast & News

Cango's stock was trading at $6.85 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, CANG shares have decreased by 15.8% and is now trading at $5.77. View which stocks have been most impacted by Coronavirus.

1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Cango in the last year. There are currently 1 hold rating for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for Cango.

Cango is scheduled to release its next quarterly earnings announcement on Tuesday, September 1st 2020. View our earnings forecast for Cango.

Cango Inc - (NYSE:CANG) issued its quarterly earnings data on Wednesday, May, 27th. The company reported ($0.04) EPS for the quarter, beating the Thomson Reuters' consensus estimate of ($0.10) by $0.06. The company had revenue of $34.74 million for the quarter. Cango had a return on equity of 4.94% and a net margin of 19.35%. View Cango's earnings history.

Cango announced a -- dividend on Thursday, April 23rd. Investors of record on Monday, May 4th will be paid a dividend of $0.23 per share on Monday, May 18th. The ex-dividend date of this dividend is Friday, May 1st. View Cango's dividend history.

1 brokers have issued 12 month target prices for Cango's shares. Their forecasts range from $7.80 to $7.80. On average, they expect Cango's share price to reach $7.80 in the next year. This suggests a possible upside of 35.2% from the stock's current price. View analysts' price targets for Cango.

Media coverage about CANG stock has been trending negative on Saturday, InfoTrie reports. The research group identifies positive and negative news coverage by monitoring more than six thousand blog and news sources in real time. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores nearest to five being the most favorable. Cango earned a daily sentiment score of -2.8 on InfoTrie's scale. They also assigned media headlines about the company a news buzz of 7.0 out of 10, meaning that recent news coverage is likely to have an impact on the stock's share price in the next few days. View the latest news about Cango.

Some companies that are related to Cango include AlarmCom (ALRM), Bandwidth (BAND), BOX (BOX), ACI Worldwide (ACIW), Varonis Systems (VRNS), Tenable (TENB), Blackbaud (BLKB), LivePerson (LPSN), Altair Engineering (ALTR), Mimecast (MIME), BlackBerry (BB), Rapid7 (RPD), SPS Commerce (SPSC), Workiva (WK) and Ping Identity (PING). View all 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), Ring Energy (REI), Ring Energy (REI), Algonquin Power & Utilities (AQN), Cinemark (CNK), GlaxoSmithKline (GSK), IBM (IBM) and Marathon Petroleum (MPC).

(CANG) raised $138 million in an initial public offering (IPO) on Thursday, July 26th 2018. The company issued 12,500,000 shares at a price of $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 can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

One share of CANG stock can currently be purchased for approximately $5.77.

Cango has a market capitalization of $873.58 million and generates $206.85 million in revenue each year. The company earns $56.15 million in net income (profit) each year or $0.37 on an earnings per share basis. Cango employs 3,189 workers across the globe.

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

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 86-21-3183-5088 or via email at [email protected]