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CANG
Stock ticker: NYSE
AS OF
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Price
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Capitalization
148.23M

CANG Cango Forecast, Technical & Fundamental Analysis

a developer of automotive financing software

Technical Analysis# Of IndicatorsAvg. Odds
   
   
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A.I.Advisor
a Summary for CANG with price predictions
07:00 PM EST Nov 29, 2023

CANG in downward trend: price dove below 50-day moving average on November 27, 2023

CANG moved below its 50-day moving average on November 27, 2023 date and that indicates a change from an upward trend to a downward trend. In of 46 similar past instances, the stock price decreased further within the following month. The odds of a continued downward trend are .

Price Prediction Chart

Technical Analysis (Indicators)

Bearish Trend Analysis

The Momentum Indicator moved below the 0 level on November 27, 2023. You may want to consider selling the stock, shorting the stock, or exploring put options on CANG as a result. In of 109 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .

The Moving Average Convergence Divergence Histogram (MACD) for CANG turned negative on November 29, 2023. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 43 similar instances when the indicator turned negative. In of the 43 cases the stock turned lower in the days that followed. This puts the odds of success at .

Following a 3-day decline, the stock is projected to fall further. Considering past instances where CANG declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

Bullish Trend Analysis

The Stochastic Oscillator shows that the ticker has stayed in the oversold zone for 3 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 3-day Advance, the price is estimated to grow further. Considering data from situations where CANG advanced for three days, in of 225 cases, the price rose further within the following month. The odds of a continued upward trend are .

CANG may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.

Fundamental Analysis (Ratings)

Fear & Greed

The Tickeron PE Growth Rating for this company is (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 (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 (0.267) is normal, around the industry mean (7.587). P/E Ratio (20.921) is within average values for comparable stocks, (26.191). Projected Growth (PEG Ratio) (0.000) is also within normal values, averaging (2.548). CANG has a moderately low Dividend Yield (0.000) as compared to the industry average of (0.036). P/S Ratio (0.521) is also within normal values, averaging (85.433).

The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating slightly worse than average price growth. CANG’s price grows at a lower rate over the last 12 months as compared to S&P 500 index constituents.

The Tickeron SMR rating for this company is (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 Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating that the returns do not compensate for the risks. CANG’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 77, placing this stock worse than average.

A.I.Advisor
published Highlights

Notable companies

The most notable companies in this group are Home Depot (NYSE:HD), Lowe's Companies (NYSE:LOW), AutoZone (NYSE:AZO), Tractor Supply Company (NASDAQ:TSCO), Ulta Beauty (NASDAQ:ULTA), Best Buy Company (NYSE:BBY), Five Below (NASDAQ:FIVE), Bath & Body Works (NYSE:BBWI), RH (NYSE:RH), GameStop Corp (NYSE:GME).

Industry description

The specialty stores sector includes companies dedicated to the sale of retail products focused on a single product category, such as clothing, carpet, books, or office supplies. A specialty store could face intense competition from big-box departmental chains, and therefore offering an adequate collection of the product type it specializes in is key in maintaining/growing its market.

Market Cap

The average market capitalization across the Specialty Stores Industry is 6.78B. The market cap for tickers in the group ranges from 48 to 311.86B. HD holds the highest valuation in this group at 311.86B. The lowest valued company is CALI at 48.

High and low price notable news

The average weekly price growth across all stocks in the Specialty Stores Industry was 1%. For the same Industry, the average monthly price growth was 7%, and the average quarterly price growth was 11%. CCRRF experienced the highest price growth at 33%, while SFTGQ experienced the biggest fall at -34%.

Volume

The average weekly volume growth across all stocks in the Specialty Stores Industry was 65%. For the same stocks of the Industry, the average monthly volume growth was 62% and the average quarterly volume growth was -31%

Fundamental Analysis Ratings

The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows

Valuation Rating: 48
P/E Growth Rating: 52
Price Growth Rating: 54
SMR Rating: 67
Profit Risk Rating: 76
Seasonality Score: 15 (-100 ... +100)
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A.I. Advisor
published Earnings

CANG is expected to report earnings to fall 182.22% to 37 cents per share on March 07

Cango CANG Stock Earnings Reports
Q4'23
Est.
$0.37
Q3'23
Missed
by $1.06
Q2'23
Missed
by $0.39
Q1'23
Missed
by $0.16
Q4'22
Missed
by $4.43
The last earnings report on November 27 showed earnings per share of -44 cents, missing the estimate of 61 cents. With 17.53K shares outstanding, the current market capitalization sits at 148.23M.
A.I.Advisor
published Dividends

CANG paid dividends on November 23, 2022

Cango CANG Stock Dividends
А quarterly dividend of $1.00 per share was paid with a record date of November 23, 2022, and an ex-dividend date of November 25, 2022. Read more...
A.I. Advisor
published General Information

General Information

a developer of automotive financing software

Industry SpecialtyStores

Profile
Fundamentals
Details
Industry
Packaged Software
Address
556 West Haiyang Road
Phone
+86 2131835087
Employees
827
Web
https://www.cangoonline.com
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CANG and

Correlation & Price change

A.I.dvisor tells us that CANG and VRM have been poorly correlated (+21% of the time) for the last year. This A.I.-generated data suggests there is low statistical probability that CANG and VRM's prices will move in lockstep.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To CANG
1D Price
Change %
CANG100%
-6.36%
VRM - CANG
21%
Poorly correlated
-2.25%
CWH - CANG
20%
Poorly correlated
-2.40%
MNSO - CANG
20%
Poorly correlated
-2.31%
GME - CANG
20%
Poorly correlated
-10.46%
CARS - CANG
20%
Poorly correlated
-0.53%
More

Groups containing CANG

Correlation & Price change

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To CANG
1D Price
Change %
CANG100%
-6.36%
financing
(undefined stocks)
14%
Poorly correlated
+0.66%
china
(undefined stocks)
14%
Poorly correlated
-0.28%
asia
(undefined stocks)
13%
Poorly correlated
-0.16%
cars
(undefined stocks)
8%
Poorly correlated
+0.22%
Retail Trade
(undefined stocks)
4%
Poorly correlated
+0.26%
More