Overall market sentiment has been high on Cango Inc - ADR (CANG) stock lately. CANG receives a Bullish rating from InvestorsObserver's Stock Sentiment Indicator.
What is Stock Sentiment?
Sentiment is a very short-term indicator that is entirely technical. There is no information about the health of profitability of the underlying company in our sentiment score.
As a technical indicator, news about the stock, or company, such as an earnings release or other event, could move the stock counter to the recent trend.
Sentiment is how investors, or the market, feels about a stock. There are lots of ways to measure sentiment. At the core, sentiment is pretty easy to understand. If a stock is going up, investors must be bullish, while if it is going down, sentiment is bearish.
InvestorsObserver’s Sentiment Indicator looks at price trends over the past week and also considers changes in volume. Increasing volume can mean a trend is getting stronger, while decreasing volume can mean a trend is nearing a conclusion.
For stocks that have options, our system also considers the balance between calls, which are often bets that the price will go up, and puts, which are frequently bets that the price will fall.
What's Happening With CANG Stock Today?
Cango Inc - ADR (CANG) stock has gained 13.35% while the S&P 500 is down -0.27% as of 10:38 AM on Friday, Jul 31. CANG is higher by $0.66 from the previous closing price of $4.98 on volume of 25,469 shares. Over the past year the S&P 500 has gained 8.63% while CANG is down -8.87%. CANG earned $0.36 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 15.6.
More About Cango Inc - ADR
Cango Inc is one of the leading automotive transaction service platform in China connecting dealers, financial institutions, car buyers, and other industry participants. The services primarily consist of - automotive financing facilitation, automotive transaction facilitation, and aftermarket service facilitation. Geographically, it derives revenue from China.