Cheetah Net Supply Chain Service Inc is a provider of logistics and warehousing services, historically in connection with the sale of parallel-import vehicles sourced in the U... Show more
Cheetah Net Supply Chain Service Inc. is an Irvine, California-based logistics and warehousing provider that operates primarily as a non-vessel-operating common carrier (NVOCC), coordinating freight forwarding for goods shipped between the United States and mainland China or Hong Kong. Its services span cargo storage, U.S. customs clearance, labor services, and container loading and unloading, supported by subsidiaries including Edward Transit Express Group Inc. and TW & EW Services Inc.
The company has undergone a significant strategic transformation, shifting away from its historical parallel-import vehicle business—which it formally discontinued in March 2025—toward logistics and warehousing. This pivot has sharply reduced the company's revenue scale. It reported just $1.29 million in continuing-operations revenue for fiscal 2025 alongside a net loss of approximately $3.65 million. With a market capitalization of only a few million dollars, CTNT trades as a highly volatile micro-cap whose share price is heavily influenced by financing activity and supply-demand dynamics rather than broad sector trends.
Over the trailing 30 days through October 23, 2026, CTNT shares declined approximately 61%, falling from a split-adjusted closing price of $5.76 on September 23 to $2.24. The move was characterized by extreme intraday volatility and elevated trading volume, consistent with substantial share supply entering the market.
The quarterly picture is even starker. On a split-adjusted basis, the stock traded around $223.50 in late July 2026 and collapsed to roughly $2.24 by late October, a decline of approximately 99%. The most severe leg of the selloff occurred in mid-September, when the share price fell sharply over several consecutive sessions. Reverse stock splits executed during 2026 mechanically raised the per-share price on paper but did not address the underlying dilution, which continued to erode shareholder value.
The dominant catalyst was the company's ATM equity offering. Under a sales agreement dated August 21, 2026 with Pacific Century Securities, Cheetah Net was authorized to sell Class A common stock with an aggregate offering price of up to roughly $35.3 million. By late September, the company had sold approximately 196.85 million Class A shares before a subsequent reverse split, a substantial increase in the share count that directly pressured the stock price.
On September 28, 2026, a 1-for-150 reverse stock split of the Class A and Class B common stock became market effective, reducing outstanding Class A shares from roughly 200 million to about 1.33 million. The split was aimed at regaining compliance with Nasdaq's minimum bid price requirement, but it did not stop the selling pressure.
Governance turmoil compounded the decline. Activist investor Takeover Time 2026 LLC launched a consent solicitation seeking to replace the board, including Chairman and CEO Huan Liu, alleging that repeated reverse splits and share issuances had materially diluted existing shareholders. The activist also flagged what it described as "unusual trading activity" in late September and initiated litigation in the Delaware Court of Chancery concerning a subsequent Class B share issuance, though these remain allegations in pending proceedings.
A $788,000 acquisition of JoyPak Supply LLC, announced in mid-September to diversify into consumer and personal care products, was met with skepticism and failed to halt the slide.
The broader three-month trend reflects a convergence of persistent dilution and weak fundamentals. Cheetah Net has executed multiple reverse splits—a 1-for-200 split in April 2026 followed by the 1-for-150 split in September—while repeatedly tapping equity markets, including terminating one ATM agreement in June before entering a new arrangement in August. Each round of issuance increased the supply of shares available to investors.
Against this backdrop, the business remains small and unprofitable. Revenue has collapsed from roughly $55 million in 2022, when the company still operated its parallel-import vehicle segment, to about $1.29 million in 2025. The company has reported recurring operating losses, noted going-concern considerations in filings, and disclosed material weaknesses in internal controls. These structural issues, rather than any single news event, explain the stock's extended quarterly decline.
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Investors monitoring CTNT should focus on several forward-looking factors. First, the outcome of the activist campaign and related Delaware litigation could materially shape board composition and capital-allocation decisions. Second, any further equity issuances or additional reverse splits would directly affect the share count and per-share price. Third, quarterly results and management's commentary on the logistics and warehousing transition will indicate whether the company can scale revenue meaningfully beyond current levels while narrowing losses.
Broader considerations include U.S.-China trade policy and tariffs, which influence freight volumes, as well as the company's ability to collect its loan receivables and maintain sufficient liquidity. Given the stock's extreme volatility and concentrated share structure, price swings may continue to be driven more by financing activity and sentiment than by operational performance.
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CTNT saw its Momentum Indicator move below the 0 level on October 19, 2026. This is an indication that the stock could be shifting in to a new downward move. Traders may want to consider selling the stock or exploring put options. Tickeron's A.I.dvisor looked at 56 similar instances where the indicator turned negative. In 54 of the 56 cases, the stock moved further down in the following days. The odds of a decline are at 90%.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where CTNT declined for three days, the price rose further in 50 of 62 cases within the following month. The odds of a continued downward trend are 90%.
The Aroon Indicator for CTNT entered a downward trend on November 06, 2026. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
The Stochastic Oscillator shows that the ticker has stayed in the oversold zone for 14 days. The price of this ticker is presumed to bounce back soon, since the longer the ticker stays in the oversold zone, the more promptly an upward trend is expected.
Following a +6.70% 3-day Advance, the price is estimated to grow further. Considering data from situations where CTNT advanced for three days, in 114 of 138 cases, the price rose further within the following month. The odds of a continued upward trend are 83%.
CTNT may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
The Tickeron PE Growth Rating for this company is 5 (best 1 - 100 worst), pointing to outstanding earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The Tickeron Valuation Rating of 40 (best 1 - 100 worst) indicates that the company is fair valued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (0.026) is normal, around the industry mean (2.483). P/E Ratio (-0.011) is within average values for comparable stocks, (7.339). Projected Growth (PEG Ratio) (0.000) is also within normal values, averaging (5.110). Dividend Yield (0.000) settles around the average of (0.020) among similar stocks. P/S Ratio (0.015) is also within normal values, averaging (2.034).
The Tickeron SMR rating for this company is 92 (best 1 - 100 worst), indicating weak sales and an unprofitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron Price Growth Rating for this company is 97 (best 1 - 100 worst), indicating slightly worse than average price growth. CTNT’s price grows at a lower rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron Profit vs. Risk Rating rating for this company is 100 (best 1 - 100 worst), indicating that the returns do not compensate for the risks. CTNT’s unstable profits reported over time resulted in significant Drawdowns within these last five years. A stable profit reduces stock drawdown and volatility. The average Profit vs. Risk Rating rating for the industry is 88, placing this stock worse than average.
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
Industry OtherTransportation