How to buy Cango stock

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 share price

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

Cango shares at a glance

• Key figures

Information last updated 2021-04-29.

52-week range	$3.78 - $16.66
50-day moving average	$8.16
200-day moving average	$8.35
Wall St. target price	$10.51
PE ratio	1.9801
Dividend yield	N/A (4.52%)
Earnings per share (TTM)	$3.42

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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.

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 2x. In other words, Cango shares trade at around 2x recent earnings.

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

Cango's EBITDA

Cango's EBITDA (earnings before interest, taxes, depreciation and amortisation) is $330.5 million.

The EBITDA is a measure of a Cango's overall financial performance and is widely used to measure a its profitability.

Cango financials

Revenue TTM	$2.1 billion
Operating margin TTM	15.62%
Gross profit TTM	$844.7 million
Return on assets TTM	1.92%
Return on equity TTM	48.65%
Profit margin	164.17%
Book value	$55.95
Market capitalisation	$988.1 million

TTM: trailing 12 months

Shorting Cango shares

There are currently 1.3 million Cango shares held short by investors – that's known as Cango's "short interest". This figure is 134.3% up from 570,612 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 934806.29370629). Cango's SIR currently stands at 1.43. In other words for every 100,000 Cango shares traded daily on the market, roughly 1430 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 0.01% of the outstanding shares (for every 100,000 Cango shares in existence, roughly 10 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: 35.94% of net profits

Recently Cango has paid out, on average, around 35.94% 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 fairly standard, it's worth remembering that Cango may be investing much of the rest of its net profits in future growth.

Cango's most recent dividend payout was on 7 April 2021. The latest dividend was paid out to all shareholders who bought their shares by 18 March 2021 (the "ex-dividend date").

Cango share price volatility

Over the last 12 months, Cango's shares have ranged in value from as little as $3.7821 up to $16.6593. 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 1.2516. 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 30.772% of Cango shares are held by institutions. 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