How Much Does Cango Inc. (CANG) Pay Out In Dividends?

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As of Wednesday close, Cango Inc.’s (NYSE:CANG) stock was down -$0.02, moving down -0.77 percent to $2.57. The average number of shares traded per day over the past five days has been 294,180 shares. 2 times new highs have been achieved over the past 5 days, with a $0.08 gain in that time frame. In the last twenty days, the average volume was 184,440, while in the previous 50 days, it was 163,488.

Since last month, CANG stock rose 2.39%. Shares of the company fell to $2.36 on 11/02/22, the lowest level in the past month. A 52-week high of $3.38 was reached on 01/12/22 after having rallying from a 52-week low of $1.35. Since the beginning of this year, CANG’s stock price has risen by 18.39% or -$0.57, and marked a new high 6 times. However, the stock has declined by -23.96% since its 52-week high.


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Valuation Metrics

The stock’s beta is 0.82. Besides these, the trailing price-to-sales (P/S) ratio of 0.88, the price-to-book (PB) ratio of 0.44.

The latest dividend of $0.98 per share was paid out, remained unchanged from last year’s $0.98.

Financial Health

In the three months ended June 29, Cango Inc.’s quick ratio stood at 2.60, while its current ratio was 2.60, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 0.05, and the total debt-to-equity ratio was 0.24. On the profitability front, the trailing twelve-month gross margin is 16.30% percent. In the year ended June 29, operating margins totaled -25.20%. Based on annual data, CANG earned $151.23 million in gross profit and brought in $615.4 million in revenue.

A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was -0.50%. Return on equity (ROE) for the past 12 months was -10.70%.

In Cango Inc.’s quarter-end financial report for June 29, it reported total debt of $76.32 million against cash and short-term investments of $407.83 million. According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. CANG’s revenue rose 48.89% during the quarter, while net income inched up to $615.4 million. While analysts expected Cango Inc. to report -$0.04 quarterly earnings, the actual figure was -$0.19 per share, beating the consensus estimate by -375.00%. During the quarter, the company generated -$52.87 million in EBITDA. The liabilities of Cango Inc. were 429.07 million at the end of its most recent quarter ended June 29, and its total debt was $1.38 billion.

Technical Picture

This quick technical analysis looks at Cango Inc.’s (CANG) price momentum. With a historical volatility rate of 29.55%, the RSI 9-day stood at 57.80% on 23 November.

With respect to its five-day moving average, the current Cango Inc. price is up by +3.21% percent or $0.08. At present, CANG shares trade +3.21% above its 20-day simple moving average and +9.83% percent above its 100-day simple moving average. However, the stock is currently trading approximately +19.53% above its SMA50 and -23.96% below its SMA200.

Stochastic coefficient K was 57.26% and Stochastic coefficient D was 54.00%, while ATR was 0.10. Given the Stochastic reading of 45.45% for the 14-day period, the RSI (14) reading has been calculated as 56.33%. As of today, the MACD Oscillator reading stands at 0.03, while the 14-day reading stands at 0.04.

Analyst Ratings

Cango Inc. downgraded its rating on Cango Inc. (NYSE: CANG) to an Equal-weight in a note to investors on November 18, 2019. The analysts firm previously had an Overweight rating on the stock.Cango Inc. (CANG) has been rated Hold by analysts. According to 0 brokerage firms, CANG is a sell, and 1 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate Cango Inc. stock as buy, with 0 recommending it as overweight.

With a median target price of $19.08, the current consensus forecast for the stock is $19.08 – $19.08. Based on these forecasts, analysts predict Cango Inc. (CANG) will achieve an average price target of $19.08.

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