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How to buy Cango stock
Learn how to easily invest in Cango stock.
Cango Inc is an auto & truck dealerships business based in the US. Cango shares (CANG) are listed on the NYSE and all prices are listed in US Dollars. Cango employs 2,351 staff and has a trailing 12-month revenue of around $2.9 billion.
How to buy shares in Cango
- Compare share trading platforms. Use our comparison table to help you find a platform that fits you.
- Open your brokerage account. Complete an application with your details.
- Confirm your payment details. Fund your account.
- Research the stock. Find the stock by name or ticker symbol – CANG – and research it before deciding if it's a good investment for you.
- Purchase now or later. Buy your desired number of shares with a market order or use a limit order to delay your purchase until the stock reaches a desired price.
- Check in on your investment. Optimize your portfolio by tracking your stock.
Cango stock price (NYSE: CANG)Use our graph to track the performance of CANG stocks over time.
Cango shares at a glance
|Latest market close||$2.18|
|52-week range||$0.98 - $3.38|
|50-day moving average||$2.47|
|200-day moving average||$2.83|
|Wall St. target price||$3.45|
|Dividend yield||$0 (4.52%)|
|Earnings per share (TTM)||$0.12|
Buy Cango shares from these brokeragesCompare special offers, low fees and a wide range of types of investments among top trading platforms.
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The value of any investment can go up or down depending on news, trends and market conditions. We are not investment advisers, so do your own due diligence to understand the risks before you invest.
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.
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
|1 week (2022-09-16)||6.86%|
|1 month (2022-08-23)||N/A|
|3 months (2022-06-27)||-18.96%|
|6 months (2022-03-23)||N/A|
|1 year (2021-09-27)||-48.83%|
|2 years (2020-09-25)||-56.14%|
|3 years (2019-09-27)||5.38|
|5 years (2017-09-23)||N/A|
Is Cango stock undervalued or overvalued?
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 18x. In other words, Cango shares trade at around 18x 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.
|Revenue TTM||$2.9 billion|
|Gross profit TTM||$760.3 million|
|Return on assets TTM||-2.73%|
|Return on equity TTM||-10.77%|
|Market capitalisation||$302.4 million|
TTM: trailing 12 months
Cango share dividends
We're not expecting Cango to pay a dividend over the next 12 months.
Cango share price volatility
Over the last 12 months, Cango's shares have ranged in value from as little as $0.9778 up to $3.38. 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 0.978. This would suggest that Cango's shares are less volatile than average (for this exchange).
Cango Inc. operates an automotive transaction service platform that connects dealers, original equipment manufacturer, financial institutions, car buyers, and other industry participants in the People's Republic of China. The company offers automobile trading solutions, including car sourcing, logistics, and warehousing support for dealers; and facilitation of car purchases for car buyers. It also facilitates automotive financing services that include facilitating financing transactions from financial institutions to car buyers; and after-market services to car buyers, which includes facilitating the sale of insurance policies from insurance brokers or companies. The company was founded in 2010 and is headquartered in Shanghai, the People's Republic of China. .
Cango in the news
Cango Inc. (NYSE:CANG) Analysts Just Slashed This Year's Estimates
CANG: A challenging environment for the company as its model evolves in 2022. Revenues were roughly in line with expectations in Q2. Adjusting our price target to reflect lower revenues & margins.
Cango Inc (CANG) Q2 2022 Earnings Call Transcript
Frequently asked questionsWhat percentage of Cango is owned by insiders or institutions?
Currently 8.647% of Cango shares are held by insiders and 31.98% by institutions. How many people work for Cango?
Latest data suggests 2,351 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: New Bund Oriental Plaza II, Shanghai, China, 200124 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
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