The trading price of Cheche Group Inc (NASDAQ:CCG) closed higher on Tuesday, March 04, and closing at $1.40, 2.19% higher than its previous close.
In examining the 52-week price action we see that the stock hit a 52-week high of $5.00 and a 52-week low of $0.56. Over the past month, the stock has gained 59.27% in value.
Cheche Group Inc, whose market valuation is $106.04 million at the time of this writing, is expected to release its quarterly earnings report in April. Investors’ optimism about the company’s current quarter earnings report is understandable. Analysts have predicted the quarterly earnings per share to grow by -0.12 per share this quarter, however they have predicted annual earnings per share of -0.39 for current year and -0.32 for next year.
Analysts have forecast the company to bring in revenue of 1.01B for the current quarter, with the likely lows of 1.01B and highs of 1.01B. From the analysts’ viewpoint, the consensus estimate for the company’s annual revenue is 3.5B.
On the technical side, indicators suggest CCG has a 100% Buy on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 100% Buy, while an average of long term indicators suggests that the stock is currently 50% Buy.
A quick review shows that CCG’s price is currently 41.40% off the SMA20 and 51.68% off the SMA50. The RSI metric on the 14-day chart is currently showing 80.62, and weekly volatility stands at 27.32%. When measured over the past 30 days, the indicator reaches 11.98%. Cheche Group Inc (NASDAQ:CCG)’s beta value is currently sitting at 0.18, while the Average True Range indicator is currently displaying 0.15.
To see how Cheche Group Inc stock has been performing in comparison to its peers in the industry, here are the numbers: CCG stock’s performance was 2.19% in the latest trading, and -70.34% in the past year.
An evaluation of the daily trading volume of Cheche Group Inc (NASDAQ:CCG) indicates that the 3-month average is 486.66K.
Currently, records show that 57.15 million of the company’s shares remain outstanding. The insiders hold 79.54% of outstanding shares, whereas institutions hold 0.88%. However, since the stock’s price has seen 57.32% year-to-date, investors’ interest is likely to be reignited due to its potential to move even higher.
