Cango Inc Stock Price on May 24, 2023

CANG Stock  USD 4.07  0.02  0.49%   
Below is the normalized historical share price chart for Cango Inc extending back to July 26, 2018. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of Cango stands at 4.07, as last reported on the 4th of December, with the highest price reaching 4.25 and the lowest price hitting 3.99 during the day.
IPO Date
26th of July 2018
200 Day MA
1.8728
50 Day MA
2.6148
Beta
0.514
 
Covid
If you're considering investing in Cango Stock, it is important to understand the factors that can impact its price. Cango is very risky given 3 months investment horizon. Cango Inc secures Sharpe Ratio (or Efficiency) of 0.24, which signifies that the company had a 0.24% return per unit of risk over the last 3 months. We were able to interpolate twenty-nine different technical indicators, which can help you to evaluate if expected returns of 1.58% are justified by taking the suggested risk. Use Cango Downside Deviation of 4.78, mean deviation of 4.69, and Risk Adjusted Performance of 0.1823 to evaluate company specific risk that cannot be diversified away.
  
At this time, Cango's Stock Based Compensation is most likely to increase significantly in the upcoming years. The Cango's current Stock Based Compensation To Revenue is estimated to increase to 0.03, while Common Stock Shares Outstanding is projected to decrease to roughly 115.4 M. . At this time, Cango's Price Fair Value is most likely to slightly grow in the upcoming years. Cango Stock price history is provided at the adjusted basis, taking into account all of the recent filings.

Sharpe Ratio = 0.237

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Estimated Market Risk

 6.68
  actual daily
59
59% of assets are less volatile

Expected Return

 1.58
  actual daily
31
69% of assets have higher returns

Risk-Adjusted Return

 0.24
  actual daily
18
82% of assets perform better
Based on monthly moving average Cango is performing at about 18% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Cango by adding it to a well-diversified portfolio.
Price Book
0.8945
Enterprise Value Ebitda
0.2891
Price Sales
1.5849
Shares Float
84.9 M
Wall Street Target Price
3.05

Cango Valuation on May 24, 2023

It is possible to determine the worth of Cango on a given historical date. On May 24, 2023 Cango was worth 1.15 at the beginning of the trading date compared to the closed value of 1.16. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Cango stock. Still, in general, we apply an absolute valuation method to find Cango's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Cango where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Cango's related companies.
 Open High Low Close Volume
  1.12    1.18    1.12    1.15    19,727  
05/24/2023
  1.15    1.19    1.15    1.16    32,249  
  1.16    1.18    1.11    1.14    21,057  
Backtest Cango  |  Cango History  |  Cango Valuation   PreviousNext  
Open Value
1.15
1.16
Closing Value
21.19
Upside

Cango Trading Date Momentum on May 24, 2023

On May 25 2023 Cango Inc was traded for  1.14  at the closing time. The top price for the day was 1.18  and the lowest listed price was  1.11 . The trading volume for the day was 21.1 K. The trading history from May 25, 2023 was a factor to the next trading day price decrease. The overall trading delta against the next closing price was 1.72% . The overall trading delta against the current closing price is 2.59% .

Cango Inc Fundamentals Correlations and Trends

By evaluating Cango's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Cango's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Cango financial account trend analysis is a perfect complement when working with valuation or volatility modules.

About Cango Stock history

Cango investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Cango is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Cango Inc will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Cango stock prices may prove useful in developing a viable investing in Cango
Last ReportedProjected for Next Year
Common Stock Shares Outstanding121.5 M115.4 M
Net Loss-1 B-950.1 M

Cango Quarterly Net Working Capital

3.45 Billion

Cango Stock Technical Analysis

Cango technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
A focus of Cango technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Cango trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

Price Boundaries

Cango Period Price Range

Low
December 4, 2024
0.00  NaN%
High

 0.00 

     

 0.00 

Cango Inc cannot be verified against its exchange. Please verify the symbol is currently traded on New York Stock Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.

Cango December 4, 2024 Market Strength

Market strength indicators help investors to evaluate how Cango stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Cango shares will generate the highest return on investment. By undertsting and applying Cango stock market strength indicators, traders can identify Cango Inc entry and exit signals to maximize returns

Cango Technical and Predictive Indicators

Predictive indicators are helping investors to find signals for Cango's price direction in advance. Along with the technical and fundamental analysis of Cango Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Cango to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.

Complementary Tools for Cango Stock analysis

When running Cango's price analysis, check to measure Cango's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Cango is operating at the current time. Most of Cango's value examination focuses on studying past and present price action to predict the probability of Cango's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Cango's price. Additionally, you may evaluate how the addition of Cango to your portfolios can decrease your overall portfolio volatility.
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