NYSE:CANG Cango (CANG) Stock Price, News & Analysis → An utter travesty (From The Freeport Society) (Ad) Free CANG Stock Alerts $1.69 -0.18 (-9.63%) (As of 06/13/2024 ET) Add Compare Share Share Today's Range$1.69▼$1.8950-Day Range$1.34▼$1.8752-Week Range$0.92▼$1.96Volume77,563 shsAverage Volume48,789 shsMarket Capitalization$184.07 millionP/E RatioN/ADividend YieldN/APrice TargetN/A Stock AnalysisStock AnalysisChartCompetitorsDividendEarningsFinancialsHeadlinesOwnershipSEC FilingsShort InterestTrendsStock AnalysisChartCompetitorsDividendEarningsFinancialsHeadlinesOwnershipSEC FilingsShort InterestTrends Get Cango alerts: Email Address Cango MarketRank™ Stock AnalysisAnalyst RatingN/AUpside/DownsideN/AShort InterestHealthy0.08% of Float Sold ShortDividend StrengthWeakBased on Four FactorsSustainabilityN/ANews Sentiment0.13Based on 7 Articles This WeekInsider TradingN/AProj. Earnings GrowthN/ASee Full Details Hide Full Details Overall MarketRank™New Rank-Based ScoringMarketRank™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.0.25 out of 5 starsComputer And Technology Sector585th out of 589 stocksPrepackaged Software Industry197th out of 198 stocks N/A Analyst's Opinion Consensus RatingThere is not enough analysis data for Cango.Read more about Cango's stock forecast and price target. Previous Next 3.0 Short Interest Percentage of Shares Shorted0.08% of the float of Cango has been sold short.Short Interest Ratio / Days to CoverCango has a short interest ratio ("days to cover") of 1.1, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Cango has recently increased by 166.83%, indicating that investor sentiment is decreasing significantly. Previous Next 0.0 Dividend Strength Dividend YieldCango does not currently pay a dividend.Dividend GrowthCango does not have a long track record of dividend growth.Read more about Cango's dividend. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for CANG. Previous Next 1.7 News and Social Media Coverage News SentimentCango has a news sentiment score of 0.13. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.82 average news sentiment score of Computer and Technology companies.News Coverage This WeekMarketBeat has tracked 7 news articles for Cango this week, compared to 1 article on an average week. Previous Next 1.7 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Cango insiders have not sold or bought any company stock.Percentage Held by Insiders29.10% of the stock of Cango is held by insiders. A high percentage of insider ownership can be a sign of company health.Percentage Held by InstitutionsOnly 4.22% of the stock of Cango is held by institutions.Read more about Cango's insider trading history. Previous Next 0.6 Earnings and Valuation Price to Earnings Ratio vs. the MarketThe P/E ratio of Cango is -24.14, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.Price to Earnings Ratio vs. SectorThe P/E ratio of Cango is -24.14, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.Price to Book Value per Share RatioCango has a P/B Ratio of 0.34. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.Read more about Cango's valuation and earnings. Previous Next See Top Rated MarketRank™ Stocks Here Ad GoldenCrest MetalsBiden’s Tax Plan Could Destroy Your Retirement Savings!Leading economists are issuing stark warnings: The anticipated capital gains tax increase under President Biden could drastically undermine your retirement plans by 2025.Learn More Today About Cango Stock (NYSE:CANG)Cango Inc. operates an automotive transaction service platform that connects dealers, original equipment manufacturers, financial institutions, car buyers, insurance brokers, and companies in the People's Republic of China. The company offers automobile trading solutions comprising car sourcing, transaction facilitation, logistics, and warehousing support for dealers through Cango Haoche app that offers new car transaction services, and Cango U-Car app that offers used-car transaction services. It also provides automotive financing facilitation services that include facilitating financing transactions from financial institutions to car buyers, which comprises credit origination, credit assessment, credit servicing, and delinquent asset management services; facilitating financing transactions of car purchases for car buyers; and after-market services to car buyers, which includes facilitating the sale of insurance policies from insurance brokers or companies. The company was founded in 2010 and is headquartered in Shanghai, the People's Republic of China.Read More CANG Stock Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart CANG Stock News HeadlinesJune 13 at 9:26 AM | americanbankingnews.comCango Inc. (NYSE:CANG) Short Interest UpdateJune 12 at 5:30 PM | prnewswire.comCango Inc. Reports First Quarter 2024 Unaudited Financial ResultsJune 8, 2024 | americanbankingnews.comCango (CANG) to Release Quarterly Earnings on WednesdayJune 7, 2024 | prnewswire.comCango Inc. to Report First Quarter 2024 Financial Results on June 12, 2024 Eastern TimeJune 4, 2024 | americanbankingnews.comCango (NYSE:CANG) Trading 6.7% Higher May 29, 2024 | msn.comJOYY Inc. (NASDAQ:YY) Q1 2024 Earnings Call TranscriptMay 22, 2024 | msn.comAmericans involved in foiled deadly coup, DR Congo military saysMay 21, 2024 | finance.yahoo.comInvestors in Cango (NYSE:CANG) have unfortunately lost 32% over the last three yearsMay 11, 2024 | msn.comAll Fast Travel Locations in Little Kitty, Big CityApril 26, 2024 | prnewswire.comCango Inc. Filed Its Annual Report on Form 20-FApril 24, 2024 | finance.yahoo.comCango Inc.'s (NYSE:CANG) largest shareholders are retail investors with 51% ownership, insiders own 28%April 23, 2024 | prnewswire.comCango Inc. Announces Up to US$50 Million New Share Repurchase ProgramApril 16, 2024 | msn.comFive amazing places to see in South AfricaApril 11, 2024 | finance.yahoo.comCANGO Mobility and MiTAC Announce Collaboration to Transform Fleet Management with Integrated Video Telematics and CANbus Data InsightApril 4, 2024 | msn.comFinancial, Tech Stocks Lead Asian Equities Traded in the US as American Depositary Receipts Higher in Thursday TradingApril 3, 2024 | msn.com4 places where you can enjoy autumn in MzansiMarch 19, 2024 | msn.comNiger gov plans partnership with China on railway networkMarch 14, 2024 | ca.finance.yahoo.comBitcoin Sells Off 3%; Is Macro Risk Returning to Market?March 14, 2024 | finance.yahoo.comCango Full Year 2023 Earnings: CN¥0.31 loss per share (vs CN¥8.11 loss in FY 2022)March 13, 2024 | finance.yahoo.comCango's (NYSE:CANG) Returns On Capital Tell Us There Is Reason To Feel UneasyMarch 12, 2024 | finance.yahoo.comQ4 2023 Cango Inc Earnings CallMarch 12, 2024 | finance.yahoo.comCango Inc. (NYSE:CANG) Q4 2023 Earnings Call TranscriptMarch 11, 2024 | finance.yahoo.comCango Inc. Reports Fourth Quarter and Full Year 2023 Unaudited Financial ResultsMarch 11, 2024 | prnewswire.comCango Inc. Reports Fourth Quarter and Full Year 2023 Unaudited Financial ResultsMarch 5, 2024 | finance.yahoo.comCango Inc. to Report Fourth Quarter and Full Year 2023 Financial Results on March 11, 2024 Eastern TimeSee More Headlines Receive CANG Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Cango and its competitors with MarketBeat's FREE daily newsletter. Email Address Company Calendar Last Earnings8/18/2021Today6/13/2024Next Earnings (Estimated)8/28/2024Fiscal Year End12/31/2024Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNYSE SectorComputer and Technology Industry Prepackaged software Sub-IndustryN/A Current SymbolNYSE:CANG CUSIPN/A CIK1725123 Webwww.cangoonline.com Phone862131835088FaxN/AEmployees632Year FoundedN/AProfitability EPS (Most Recent Fiscal Year)($0.07) Trailing P/E RatioN/A Forward P/E RatioN/A P/E GrowthN/ANet Income$-5,330,000.00 Net Margins-2.04% Pretax Margin3.27% Return on Equity-0.88% Return on Assets-0.63% Debt Debt-to-Equity RatioN/A Current Ratio4.99 Quick Ratio4.99 Sales & Book Value Annual Sales$1.70 billion Price / Sales0.11 Cash FlowN/A Price / Cash FlowN/A Book Value$4.94 per share Price / Book0.34Miscellaneous Outstanding Shares108,918,000Free Float77,223,000Market Cap$184.07 million OptionableNot Optionable Beta0.78 Investing Strategies To Help Grow Your Retirement IncomeNeed to stretch out your 401K or Roth IRA plan? Use these time-tested investing strategies to grow the monthly retirement income that your stock portfolio generates.Get This Free Report Key ExecutivesMr. Xiaojun Zhang (Age 52)Co-Founder & Chairman of the Board Mr. Jiayuan Lin (Age 55)Co-Founder, CEO & Director Mr. Yongyi Zhang (Age 51)CFO & Director Key CompetitorsGrid DynamicsNASDAQ:GDYNKingsoft CloudNASDAQ:KCDefinitive HealthcareNASDAQ:DHWeave CommunicationsNYSE:WEAVBigCommerceNASDAQ:BIGCView All CompetitorsInstitutional OwnershipCetera Advisors LLCBought 98,450 shares on 5/24/2024Ownership: 0.090%View All Institutional Transactions CANG Stock Analysis - Frequently Asked Questions How have CANG shares performed in 2024? Cango's stock was trading at $1.02 at the start of the year. Since then, CANG shares have increased by 65.7% and is now trading at $1.69. View the best growth stocks for 2024 here. Are investors shorting Cango? Cango saw a increase in short interest in May. As of May 31st, there was short interest totaling 54,700 shares, an increase of 166.8% from the May 15th total of 20,500 shares. Based on an average trading volume of 50,600 shares, the days-to-cover ratio is currently 1.1 days. Approximately 0.1% of the company's shares are short sold. View Cango's Short Interest. When is Cango's next earnings date? The company is scheduled to release its next quarterly earnings announcement on Wednesday, August 28th 2024. View our CANG earnings forecast. How were Cango's earnings last quarter? Cango Inc. (NYSE:CANG) posted its earnings results on Wednesday, August, 18th. The company reported $3.89 EPS for the quarter, beating analysts' consensus estimates of $0.25 by $3.64. The business earned $146.63 million during the quarter. Cango had a negative trailing twelve-month return on equity of 0.88% and a negative net margin of 2.04%. Is Cango a good dividend stock? 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. What other stocks do shareholders of Cango own? 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). When did Cango IPO? Cango (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) acted as the underwriters for the IPO. Who are Cango's major shareholders? Cango's stock is owned by many different retail and institutional investors. Top institutional shareholders include Cetera Advisors LLC (0.09%). How do I buy shares of Cango? Shares of CANG stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here. This page (NYSE:CANG) was last updated on 6/14/2024 by MarketBeat.com Staff From Our PartnersGold Prices Surge and This $0.32 Stock Is Reaping The RewardsGold prices are on the rise. This surge in gold prices is great news for gold mining stocks. Especially ...Market JAR | SponsoredBuy this small stock before coming AI Tidal WaveThe internet generated more wealth than any other innovation in history - creating hundreds of thousands of ne...Chaikin Analytics | SponsoredJeff Bezos & 48 Members of Congress Are Buying ONE Sector…Why are Warren Buffett, Jeff Bezos, Michael Bloomberg, “The Walmart Family”, Bill Gates, and 48 members of Con...InvestorPlace | SponsoredBiden’s Tax Plan Could Destroy Your Retirement Savings!Leading economists are issuing stark warnings: The anticipated capital gains tax increase under President B...GoldenCrest Metals | SponsoredLike Investing in Big Tech in the Early 2000s?More than a decade after the first Bitcoin was mined, people are finally realizing something very important......Manward Press | SponsoredAn utter travestyThe 'invasion' I've discovered has nothing to do with the border crisis. What's happening at our southern bord...The Freeport Society | SponsoredEstee Lauder, MAC, and other beauty brands are raving about this emerging NYSE AI companyA Little-known NYSE Company is Empowering the Beauty Industry with Innovative AI and AR Tools.Financial Markets Daily | SponsoredMoonshot Coins for the Current Crypto RunAre you monitoring 13,217 cryptocurrencies everyday? If not, you could miss the ONE that can make you wealt...Crypto 101 Media | Sponsored Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Adding Cango Inc. Please log in to your account or sign up in order to add this asset to your watchlist. Share Cango With A Colleague Link copied to clipboard. Get 30 Days of MarketBeat All Access for Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools. Start Your 30-Day Trial MarketBeat All Access Features Best-in-Class Portfolio Monitoring Get personalized stock ideas. Compare portfolio to indices. Check stock news, ratings, SEC filings, and more. Stock Ideas and Recommendations See daily stock ideas from top analysts. Receive short-term trading ideas from MarketBeat. Identify trending stocks on social media. Advanced Stock Screeners and Research Tools Use our seven stock screeners to find suitable stocks. Stay informed with MarketBeat's real-time news. Export data to Excel for personal analysis. Sign in to your free account to enjoy these benefits In-depth profiles and analysis for 20,000 public companies. Real-time analyst ratings, insider transactions, earnings data, and more. Our daily ratings and market update email newsletter. Sign in to your free account to enjoy all that MarketBeat has to offer. Sign In Create Account Your Email Address: Email Address Required Your Password: Password Required Log In or Sign in with Facebook Sign in with Google Forgot your password? Your Email Address: Please enter your email address. Please enter a valid email address Choose a Password: Please enter your password. Your password must be at least 8 characters long and contain at least 1 number, 1 letter, and 1 special character. Create My Account (Free) or Sign in with Facebook Sign in with Google By creating a free account, you agree to our terms of service. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
