CANG Stock Summary and Trading Ideas (Cango American Depositary Shares Each Representing Two (2) Class A | NYSE:CANG)

Cango Inc is an automotive transaction service platform in China connecting dealers, financial institutions, car buyers, and other industry participants. The services mainly consist of - automotive financing facilitation, automotive transaction facilitation, and aftermarket service facilitation. Geographically, it derives revenue from China.

Cango American Depositary Shares Each Representing Two (2) Class A trades on the NYSE stock market under the symbol CANG.

As of January 3, 2025, CANG stock price climbed to $5.25 with 1,417,155 million shares trading.

CANG has a beta of 0.62, meaning it tends to be less sensitive to market movements. CANG has a correlation of 0.01 to the broad based SPY ETF.

CANG has a market cap of $547.92 million. This is considered a Small Cap stock.

In the last 3 years, CANG traded as high as $9.66 and as low as $.92.

The top ETF exchange traded funds that CANG belongs to (by Net Assets): APIE, EHLS, AVEM, AVSE.

CANG has outperformed the market in the last year with a price return of +419.8% while the SPY ETF gained +27.8%. CANG has also outperformed the stock market ETF in the last 3 month and 2 week periods returning +185.3% and +4.0%, respectively, while the SPY returned +4.6% and +0.1%, respectively.

CANG support price is $4.55 and resistance is $5.49 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that CANG shares will trade within this expected range on the day.