Is Cango Inc stock a buy?
What Is The Conclusion?
Right now our advanced algorithms say:
Do the analyst corps agree?
Interesting Questions and Easy Answers!
Yes, Cango Inc pays dividends. Last time was Thursday 1st of January 1970 where the investors holding the stock on Friday 25th of November 2022 were paid CNY0.98 per share. Over the last 6 times between 2019 and 2022, Cango Inc has paid CNY4.46 with an average of CNY0.74 per share.
Sorry, we do not have any analyst data for this ticker
We cannot find data for Cango Inc 10 years ago, but if you had invested on Monday 9th of September 2019 when the price was CNY5.20, you would have made a loss of CNY-3.53 per share or -67.88%
No, the average daily trading liquidity for Cango Inc is CNY33 464 thousand. Trading in stocks with this little trading liquidity is very dangerous, and you can get into a situation where it will be hard to trade your stocks. In addition, these types of stocks usually have very high volatility.
Cango Inc has no real debt, which is good in periods of high inflation. The company is still not profitable, and high inflation will make it harder to become profitable as costs increase and consumer spending decreases.
We have calculated the inflation risk for Cango Inc to be medium [0.6 of 1]
US inflation for July 2024 was 0.15%. Over the last 12 months, the US inflation is 2.92%. The 10-year treasury yield that indicates the future interest level is currently 3.72 and is down -0.95 over the last 30 days.