Cango - CANG Stock Forecast, Price & News

Cango's stock was trading at $3.14 at the start of the year. Since then, CANG stock has decreased by 24.5% and is now trading at $2.37.
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Cango saw a increase in short interest in the month of September. As of September 15th, there was short interest totaling 472,100 shares, an increase of 16.7% from the August 31st total of 404,500 shares. Based on an average daily volume of 86,100 shares, the short-interest ratio is currently 5.5 days. Approximately 0.7% of the shares of the stock are sold short.
View Cango's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Monday, November 28th 2022.
View our CANG earnings forecast.

Cango Inc. (NYSE:CANG) posted its quarterly earnings data on Monday, August, 29th. The company reported ($1.38) earnings per share for the quarter, missing the consensus estimate of ($0.18) by $1.20. The business had revenue of $43.18 million for the quarter, compared to analysts' expectations of $49.05 million. Cango had a negative net margin of 23.94% and a negative trailing twelve-month return on equity of 10.58%. During the same period in the prior year, the company posted $0.58 earnings per share.

Cango declared a -- dividend on Tuesday, April 26th. Shareholders of record on Wednesday, May 25th will be given a dividend of $0.98 per share on Wednesday, June 15th. The ex-dividend date is Tuesday, May 24th.
Read our dividend analysis for CANG.

Cango issued an update on its second quarter 2022 earnings guidance on Thursday, July, 7th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $39.44 million-$47.32 million, compared to the consensus revenue estimate of $158.13 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 a price of $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."

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 $2.37.

Cango (NYSE:CANG) has a market capitalization of $331.19 million and generates $615.40 million in revenue each year. The company earns $-1,340,000.00 in net income (profit) each year or ($0.77) on an earnings per share basis.

The company employs 2,351 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.