Shares of Cango Inc. American Depositary Shares each representing two (2) Class A (NYSE:CANG) traded today at $4.25, breaking its 52-week low. Approximately 133,000 shares have changed hands today, as compared to an average 30-day volume of 392,000 shares.
There is potential upside of 16.7% for shares of Cango Inc. American Depositary Shares each representing two (2) Class A based on a current price of $4.37 and an average consensus analyst price target of $5.10.
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.
In the past 52 weeks, shares of Cango Inc. American Depositary Shares each representing two (2) Class A have traded between the current low of $4.25 and a high of $19.60 and is now at $4.37.
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