Cheche Group Inc (NASDAQ:CCG) shares, rose in value on Thursday, April 16, with the stock price up by 5.89% to the previous day’s close as strong demand from buyers drove the stock to $0.81.
Actively observing the price movement in the last trading, the stock closed the session at $0.77, falling within a range of $0.7799 and $0.86. The value of beta (5-year monthly) was 0.39. Referring to stock’s 52-week performance, its high was $2.99, and the low was $0.56. On the whole, CCG has fluctuated by -13.56% over the past month.
With the market capitalization of Cheche Group Inc currently standing at about $61.54 million, investors are eagerly awaiting this quarter’s results, scheduled for on 2025-Mar-27.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 3.6B, with a low estimate of 787.44M and a high estimate of 787.44M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 787.44M.
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% Sell on average. However, medium-term indicators have put the stock in the category of 50% Buy while long-term indicators on average have been pointing out that it is a 50% Sell.
The stock’s technical analysis shows that the price of CCG currently trading nearly -6.95% and -15.87% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 44.05, while the 7-day volatility ratio is showing 9.66% which for the 30-day chart, stands at 11.53%. Furthermore, Cheche Group Inc (CCG)’s beta value is 0.41, and its average true range (ATR) is 0.10.
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 5.89% in last session, and over the past year, it shrunk by -64.83%%.
Data on historical trading for Cheche Group Inc (NASDAQ:CCG) indicates that the trading volumes over the past 10 days have averaged 0.24 and over the past 3 months, they’ve averaged 604.23K. According to company’s latest data on outstanding shares, there are 75.74 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 data on short interest also indicates that stock shorts accounted for 0.18 million shares as on 2025-03-31, resulting in a short ratio of 0.24. According to the data, the short interest in Cheche Group Inc (CCG) stood at 34.00 of shares outstanding as of 2025-03-31; the number of short shares registered in 2025-02-28 reached 0.21 million. The stock has fallen by -8.70% 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.
