Cango - CANG Stock Forecast, Price & News

Cango's stock was trading at $1.3080 at the beginning of 2023. Since then, CANG shares have increased by 5.5% and is now trading at $1.38.
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Cango saw a decrease in short interest in December. As of December 30th, there was short interest totaling 262,000 shares, a decrease of 36.2% from the December 15th total of 410,600 shares. Based on an average trading volume of 226,300 shares, the short-interest ratio is currently 1.2 days. Currently, 0.4% of the company's shares are sold short.
View Cango's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, March 9th 2023.
View our CANG earnings forecast.

Cango Inc. (NYSE:CANG) posted its quarterly earnings data on Tuesday, November, 29th. The company reported ($0.13) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.24) by $0.11. The business had revenue of $58.54 million for the quarter, compared to analyst estimates of $60.75 million. Cango had a negative trailing twelve-month return on equity of 6.49% and a negative net margin of 16.12%.

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 (NYSE:CANG) pays an annual dividend of $0.98 per share and currently has a dividend yield of 0.00%.
Read our dividend analysis for CANG.

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 (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) 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 $1.38.

Cango (NYSE:CANG) has a market capitalization of $192.85 million and generates $2.54 billion in revenue each year. The company earns $-1,340,000.00 in net income (profit) each year or ($0.45) 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.