Cheche Group Inc (NASDAQ:CCG) shares, rose in value on Friday, March 07, with the stock price up by 5.91% to the previous day’s close as strong demand from buyers drove the stock to $1.16.
Actively observing the price movement in the last trading, the stock closed the session at $1.10. Referring to stock’s 52-week performance, its high was $5.00, and the low was $0.56. On the whole, CCG has fluctuated by 35.31% over the past month.
With the market capitalization of Cheche Group Inc currently standing at about $88.24 million, investors are eagerly awaiting this quarter’s results, scheduled for in April.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 3.5B, with a low estimate of 1.01B and a high estimate of 1.01B. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 1.01B.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that CCG’s technical picture suggests that short-term indicators denote the stock is a 100% Buy on average. However, medium-term indicators have put the stock in the category of 100% Buy while long-term indicators on average have been pointing out that it is a 100% Buy.
The stock’s technical analysis shows that the price of CCG currently trading nearly 12.05% and 23.05% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 56.90, while the 7-day volatility ratio is showing 16.24% which for the 30-day chart, stands at 13.54%. Furthermore, Cheche Group Inc (CCG)’s beta value is 0.25, and its average true range (ATR) is 0.16.
A comparison of Cheche Group Inc (CCG) with its peers suggests the former has fared considerably weaker in the market. CCG showed an intraday change of 5.91% in last session, and over the past year, it shrunk by -73.58%%.
Data on historical trading for Cheche Group Inc (NASDAQ:CCG) indicates that the trading volumes over the past 3 months, they’ve averaged 542.23K. According to company’s latest data on outstanding shares, there are 57.15 million shares outstanding.
Nearly 79.54% of Cheche Group Inc’s shares belong to company insiders and institutional investors own 0.88% of the company’s shares. The stock has risen by 30.91% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the CCG stock heading into the next quarter.
