How to buy Cango stock | $8.06

Cango Inc is an internet content & information business based in the US. Cango shares (CANG) are listed on the NYSE and all prices are listed in US Dollars. Cango employs 3,189 staff and has a market cap (total outstanding shares value) of USD$1.1 billion.

How to buy shares in Cango

1. Compare share trading platforms. If you're a beginner, look for a platform with low commissions, expert ratings and investment tools to track your portfolio. Narrow down top brands with our comparison table.
2. Open and fund your brokerage account. Complete an application with your personal and financial details, like your ID and bank information. Fund your account with a bank transfer, credit card or debit card.
3. Search for Cango. Find the stock by name or ticker symbol: CANG. Research its history to confirm it's a solid investment against your financial goals.
4. Purchase now or later. Buy today with a market order or use a limit order to delay your purchase until Cango reaches your desired price. To spread out your purchase, look into dollar-cost averaging, which smooths out buying at consistent intervals and amounts.
5. Decide on how many to buy. At last close price of USD$8.06, weigh your budget against a diversified portfolio that can minimize risk through the market's ups and downs. You may be able to buy a fractional share of Cango, depending on your broker.
6. Check in on your investment. Congratulations, you own a part of Cango. Optimize your portfolio by tracking how your stock — and even the business — performs with an eye on the long term. You may be eligible for dividends and shareholder voting rights on directors and management that can affect your stock.

Cango share price

Use our graph to track the performance of CANG stocks over time.

Cango shares at a glance

• Key figures

Information last updated 2020-12-27.

Latest market close	USD$8.06
52-week range	USD$4.2 - USD$9.8
50-day moving average	USD$7.3579
200-day moving average	USD$5.8906
Wall St. target price	USD$6.6
PE ratio	63.5965
Dividend yield	N/A (4.52%)
Earnings per share (TTM)	USD$0.114

Buy Cango shares from these brokerages

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Is it a good time to buy Cango stock?

The technical analysis gauge below displays real-time ratings for the timeframes you select. This is not a recommendation, however. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.

Technical Analysis of Cango Inc by TradingView

This chart is not advice or a guarantee of success. Rather, it gauges the real-time recommendations of three popular technical indicators: moving averages, oscillators and pivots. Finder is not responsible for how your stock performs.

Cango price performance over time

Historical closes compared with the close of $8.06 from 2020-12-09

1 week (2021-01-09)	N/A
1 month (2020-12-18)	9.66%
3 months (2020-10-16)	34.78%
6 months (2020-07-17)	61.20%

1 year (2020-01-17)	-5.18%
2 years (2019-01-18)	14.33%
3 years (2018-01-16)	N/A
5 years (2016-01-16)	N/A

Is Cango under- or over-valued?

Valuing Cango stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of Cango's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.

Cango's P/E ratio

Cango's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 64x. In other words, Cango shares trade at around 64x recent earnings.

That's relatively high compared to, say, the trailing 12-month P/E ratio for the NASDAQ 100 at the end of 2019 (27.29). The high P/E ratio could mean that investors are optimistic about the outlook for the shares or simply that they're over-valued.

Cango financials

Gross profit TTM	USD$844.3 million
Return on assets TTM	1.58%
Return on equity TTM	31.18%
Profit margin	140.62%
Book value	$5.253
Market capitalisation	USD$1.1 billion

TTM: trailing 12 months

Shorting Cango shares

There are currently 22,691 Cango shares held short by investors – that's known as Cango's "short interest". This figure is 2030.6% up from 1,065 last month.

There are a few different ways that this level of interest in shorting Cango shares can be evaluated.

Cango's "short interest ratio" (SIR)

Cango's "short interest ratio" (SIR) is the quantity of Cango shares currently shorted divided by the average quantity of Cango shares traded daily (recently around 206281.81818182). Cango's SIR currently stands at 0.11. In other words for every 100,000 Cango shares traded daily on the market, roughly 110 shares are currently held short.

However Cango's short interest can also be evaluated against the total number of Cango shares, or, against the total number of tradable Cango shares (the shares that aren't held by "insiders" or major long-term shareholders – also known as the "float"). In this case Cango's short interest could be expressed as 0% of the outstanding shares (for every 100,000 Cango shares in existence, roughly 0 shares are currently held short) or 0% of the tradable shares (for every 100,000 tradable Cango shares, roughly 0 shares are currently held short).

Such a low SIR usually points to an optimistic outlook for the share price, with fewer people currently willing to bet against Cango.

Find out more about how you can short Cango stock.

Cango share dividends

Dividend payout ratio: 12.6% of net profits

Recently Cango has paid out, on average, around 12.6% of net profits as dividends. That has enabled analysts to estimate a "forward annual dividend yield" of 4.52% of the current stock value. This means that over a year, based on recent payouts (which are sadly no guarantee of future payouts), Cango shareholders could enjoy a 4.52% return on their shares, in the form of dividend payments. In Cango's case, that would currently equate to about $N/A per share.

While Cango's payout ratio might seem low, this can signify that Cango is investing more in its future growth.

Cango's most recent dividend payout was on 18 May 2020. The latest dividend was paid out to all shareholders who bought their shares by 1 May 2020 (the "ex-dividend date").

Cango share price volatility

Over the last 12 months, Cango's shares have ranged in value from as little as $4.2 up to $9.8. A popular way to gauge a stock's volatility is its "beta".

Beta is a measure of a share's volatility in relation to the market. The market (NYSE average) beta is 1, while Cango's is 1.654. This would suggest that Cango's shares are more volatile than the average for this exchange and represent, relatively-speaking, a higher risk (but potentially also market-beating returns).

Cango overview

Cango Inc. operates an automotive transaction service platform that connects dealers, financial institutions, car buyers, and other industry participants in the People's Republic of China. It facilitates automotive financing services that include facilitating financing transactions from financial institutions to car buyers; automotive transactions between automotive wholesalers, dealers, and car buyers; and after-market services to car buyers. The company was founded in 2010 and is headquartered in Shanghai, the People's Republic of China.

Frequently asked questions

• What percentage of Cango is owned by institutions?

  Currently 32.605% of Cango shares are held by institutions.

• How many people work for Cango?

  Latest data suggests 3,189 work at Cango.

• When does the fiscal year end for Cango?

  Cango's fiscal year ends in December.

• Where is Cango based?

  Cango's address is: 10A, Building 3, Shanghai, China, 200127

• What is Cango's ISIN number?

  Cango's international securities identification number is: US1375861036

• What is Cango's CUSIP number?

  Cango's Committee on Uniform Securities Identification Procedures number is: 137586103