Why Today Is the Best Time to Buy Cango Inc. [CANG] Stock at $7.30

Cango Inc. [CANG] shares are up more than 2.67% this year and recently decreased -0.08% or -$0.62 to settle at $7.30. Analysts expect CANG to grow earnings at a 11.11% annual rate over the next 5 years. CANG has a short ratio of 0.02. This implies that the market is currently less bearish on the outlook for CANG.

On 23, November 2020, Cango Inc. Reports Third Quarter 2020 Unaudited Financial Results. According to news published on Yahoo Finance, Cango, Inc. (NYSE: CANG) (“Cango” or the “Company”), a leading automotive transaction service platform in China, today announced its unaudited financial results for the third quarter of 2020.

Analyst Birdseye View:

The most recent analyst activity for Cango Inc. [NYSE:CANG] stock was on September 04, 2018, when it was Initiated with a Neutral rating from Goldman, which also raised its 12-month price target on the stock to $11.90.

In the past 52 weeks of trading, this stock has oscillated between a low of $4.20 and a peak of $14.00. Right now, the middling Wall Street analyst 12-month amount mark is $6.60. At the most recent market close, shares of Cango Inc. [NYSE:CANG] were valued at $7.30. According to the average price forecast, investors can expect a potential return of 0.15%.

FUNDAMENTAL ANALYSIS

Cango Inc. [NYSE:CANG] most recently reported quarterly sales of 62.87 billion, which represented growth of 23.80%. This publicly-traded organization’s revenue is $65,352 per employee, while its income is $17,740 per employee. This company’s Gross Margin is currently 60.80%, its Operating Margin is 14.70%, its Pretax Margin is +33.94, and its Net Margin is +27.15. Continuing to look at profitability, this corporation’s Return on Assets, Equity, Whole Principal & invested Principal is sitting at 4.88, 7.29, 4.71 and 6.80 respectively.

If looking now at the Principal structure of this organization, it shows its whole liability to the whole Principal at 32.23 and the whole liability to whole assets at 29.82. It shows enduring liability to the whole principal at 3.73 and enduring liability to assets at 0.03 while looking for an extended time period.

Readers are usually of view to make a close observation to the indicators that support and make resistance before moving to any particular stock. As of now, the company’s stock is sitting at 6.92 points at 1st support level, the second support level is making up to 6.54. But as of 1st resistance point, this stock is sitting at 7.76 and at 8.22 for 2nd resistance point.

Cango Inc. [CANG] reported its earnings at $1.8 per share in the fiscal quarter closing of 9/29/2020. The Analysts for Wall Street were expecting to report its earnings at $0.08/share signifying the difference of 1.72 and 2,150.00% surprise value. Comparing the previous quarter ending of 6/29/2020, the stated earnings were $0.09 calling estimates for $0.05/share with the difference of 0.04 depicting the surprise of 80.00%.

Important Ratio’s To Watch

Meanwhile, turning our focus to liquidity, the Current Ratio for Cango Inc. [NYSE:CANG] is 2.20. Now if looking for a valuation of this stock’s amount to sales ratio it’s 8.38, it’s amount to book ratio is 1.76 and showing 1.98 of P/E (TTM) ratio.