Cango Reaches New 1-Year High Should You Buy?
CANG Stock | USD 4.55 0.06 1.34% |
Roughly 54% of Cango's stockholders are presently thinking to get in. The analysis of current outlook of investing in Cango Inc suggests that some traders are interested regarding Cango's prospects. The current market sentiment, together with Cango's historical and current headlines, can help investors time the market. In addition, many technical investors use Cango Inc stock news signals to limit their universe of possible portfolio assets.
Cango |
Cango Inc. s share price reached a new 52-week high during mid-day trading on Monday . The stock traded as high as 4.63 and last traded at 4.63, with a volume of 606685 shares changing hands. The stock had previously closed at 4.14. Cango Stock Up 12.8 percent The firm has
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Cango Fundamental Analysis
We analyze Cango's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Cango using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Cango based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Book Value Per Share
Book Value Per Share Comparative Analysis
Cango is currently under evaluation in book value per share category among its peers. Book Value per Share (B/S) can be calculated by subtracting liabilities from assets, and then dividing it by the total number of currently outstanding shares. It indicates the level of safety associated with each common share after removing the effects of liabilities. In other words, a shareholder can use this ratio to see how much he or she can sell the stake in the company in the event of a liquidation.
Cango Inc Potential Pair-trading
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Cango stock to make a market-neutral strategy. Peer analysis of Cango could also be used in its relative valuation, which is a method of valuing Cango by comparing valuation metrics with similar companies.
Peers
Cango Related Equities
RUSHA | Rush Enterprises | 1.24 | ||||
LAD | Lithia Motors | 1.09 | ||||
CARS | Cars | 0.83 | ||||
RUSHB | Rush Enterprises | 0.78 | ||||
GPI | Group 1 | 0.04 | ||||
SAH | Sonic Automotive | 0.04 | ||||
KAR | KAR Auction | 0.05 | ||||
PAG | Penske Automotive | 0.22 | ||||
AN | AutoNation | 0.40 | ||||
ABG | Asbury Automotive | 0.43 | ||||
UXIN | Uxin | 0.45 | ||||
KFS | Kingsway Financial | 0.94 |
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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