Cango Inc Stock Today
| CANG Stock | USD 3.90 0.24 5.80% |
Performance17 of 100
| Odds Of DistressLess than 10
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Cango is trading at 3.90 as of the 22nd of November 2024. This is a 5.8 percent decrease since the beginning of the trading day. The stock's lowest day price was 3.9. Cango has less than a 10 % chance of experiencing some financial distress in the next two years of operation and had a solid performance during the last 90 days. Equity ratings for Cango Inc are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 23rd of October 2024 and ending today, the 22nd of November 2024. Click here to learn more.
Business Domain Consumer Discretionary Distribution & Retail | IPO Date 26th of July 2018 | Category Consumer Cyclical | Classification Consumer Discretionary |
Cango Inc. operates an automotive transaction service platform that connects dealers, original equipment manufacturer, financial institutions, car buyers, and other industry participants in the Peoples Republic of China. The company was founded in 2010 and is headquartered in Shanghai, the Peoples Republic of China. The company has 67.88 M outstanding shares of which 4.48 K shares are currently shorted by private and institutional investors with about 0.04 trading days to cover. More on Cango Inc
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Cango Stock Highlights
ESG Sustainability
Environmental | Governance | Social |
| CEO | Lin Jiayuan | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Business Concentration | Automotive Retail, Consumer Discretionary Distribution & Retail, Consumer Discretionary, NYSE Composite, Consumer Discretionary, Specialty Retail, Auto & Truck Dealerships, Consumer Cyclical (View all Sectors) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Average Analyst Recommendation | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Financial Strength
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Debt LevelsCango can leverage the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand Cango's financial leverage. It provides some insight into what part of Cango's total assets is financed by creditors.
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Cango Inc (CANG) is traded on New York Stock Exchange in USA. It is located in New Bund Oriental Plaza II, Shanghai, China, 200124 and employs 632 people. Cango is listed under Automotive Retail category by Fama And French industry classification. The company currently falls under 'Small-Cap' category with a current market capitalization of 432.07 M. Cango Inc conducts business under Specialty Retail sector and is part of Consumer Discretionary industry. The entity has 67.88 M outstanding shares of which 4.48 K shares are currently shorted by private and institutional investors with about 0.04 trading days to cover.
Cango Inc currently holds about 3.4 B in cash with 1.03 B of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 24.68, which can makes it an attractive takeover target, given it will continue generating positive cash flow.
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Ownership AllocationCango holds a total of 67.88 Million outstanding shares. Cango Inc shows 19.3 percent of its outstanding shares held by insiders and 19.12 percent owned by other corporate entities. Please note that no matter how many assets the company secures, if the real value of the firm is less than the current market value, you may not be able to make money on it.
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Cango Stock Institutional Holders
| Instituion | Recorded On | Shares | |
| Ubs Group Ag | 2024-06-30 | 13.2 K | |
| Millennium Management Llc | 2024-06-30 | 13 K | |
| Wealth Enhancement Advisory Services, Llc | 2024-09-30 | 10.5 K | |
| American Century Companies Inc | 2024-09-30 | 10.2 K | |
| Bnp Paribas Arbitrage, Sa | 2024-06-30 | 6 K | |
| Sound Income Strategies | 2024-09-30 | 4 K | |
| Advisor Group Holdings, Inc. | 2024-06-30 | 3.4 K | |
| Jpmorgan Chase & Co | 2024-06-30 | 1.1 K | |
| Oarsman Capital, Inc | 2024-09-30 | 675 | |
| Primavera Capital Management Ltd | 2024-06-30 | 5.2 M | |
| Morgan Stanley - Brokerage Accounts | 2024-06-30 | 158.6 K |
Cango Historical Income Statement
Cango Stock Against Markets
Cango Corporate Management
| Ming Chi | Independent Director | Profile | |
| Xiaojun Zhang | CoFounder Chairman | Profile | |
| Zhou Langlang | Director | Profile | |
| Yongyi Zhang | CFO Director | Profile | |
| Liu Rong | Independent Director | Profile |
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Cango Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors. You can also try the Risk-Return Analysis module to view associations between returns expected from investment and the risk you assume.
Is Automotive Retail space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Cango. If investors know Cango will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Cango listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 1.923 | Earnings Share 0.19 | Revenue Per Share 2.528 | Quarterly Revenue Growth (0.92) | Return On Assets 0.0154 |
The market value of Cango Inc is measured differently than its book value, which is the value of Cango that is recorded on the company's balance sheet. Investors also form their own opinion of Cango's value that differs from its market value or its book value, called intrinsic value, which is Cango's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Cango's market value can be influenced by many factors that don't directly affect Cango's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Cango's value and its price as these two are different measures arrived at by different means. Investors typically determine if Cango is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Cango's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.