Cango Inc Stock Buy Hold or Sell Recommendation
| CANG Stock | USD 1.42 0.06 4.41% |
Given the investment horizon of 90 days and your above-average risk tolerance, our recommendation regarding Cango Inc is 'Strong Buy'. Macroaxis provides Cango buy-hold-or-sell recommendation only in the context of selected investment horizon and investor attitude towards risk assumed by holding Cango positions. The advice algorithm takes into account all of Cango's available fundamental, technical, and predictive indicators you will find on this site. Key drivers impacting Cango's buy or sell advice are summarized below:
Real Value 1.8 | Target Price 3.02 | Hype Value 1.36 | Market Value 1.42 |
A buy or sell recommendation provided by Macroaxis is an automated directive regarding whether to purchase or sell Cango Inc given historical horizon and risk tolerance towards Cango. When Macroaxis issues a 'buy' or 'sell' recommendation for Cango Inc, the advice is generated through an automated system that utilizes algorithms and statistical models.
Cango |
Execute Cango Buy or Sell Advice
The Cango recommendation should be used to complement the buy-or-sell advice compiled from the current analysts' consensus on Cango Inc. Macroaxis does not own or have any residual interests in Cango Inc or other equities on which the buy-or-sell advice is provided. Please provide your input below to execute Cango's advice using the current market data and latest reported fundamentals.
Time Horizon
Risk Tolerance
 |  |
Strong Buy
Market Performance | OK | Details | |
Volatility | Very risky | Details | |
Hype Condition | Stale | Details | |
Current Valuation | Undervalued | Details | |
Odds Of Distress | Below Average | Details | |
Economic Sensitivity | Follows the market closely | Details | |
Investor Sentiment | Interested | Details | |
Analyst Consensus | Strong Sell | Details | |
Financial Strenth (F Score) | Healthy | Details | |
Financial Leverage | Inapplicable | Details | |
Reporting Quality (M-Score) | Unlikely Manipulator | Details |
Cango Trading Alerts and Improvement Suggestions
| Cango Inc may become a speculative penny stock | |
| Cango Inc appears to be risky and price may revert if volatility continues | |
| The company reported the previous year's revenue of 2.06 B. Net Loss for the year was (493.03 M) with loss before overhead, payroll, taxes, and interest of (169 M). | |
| Cango Inc currently holds about 3.4 B in cash with (567.39 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 24.68, which can makes it an attractive takeover target, given it will continue generating positive cash flow. | |
| Roughly 14.0% of the company shares are held by company insiders |
Cango Returns Distribution Density
The distribution of Cango's historical returns is an attempt to chart the uncertainty of Cango's future price movements. The chart of the probability distribution of Cango daily returns describes the distribution of returns around its average expected value. We use Cango Inc price's Value At Risk and its Upside Potential as a relative measure of the distribution. The graph of the distribution of Cango returns is essential to provide solid investment advice for Cango.
| Mean Return | 0.54 | Value At Risk | -4.9 | Potential Upside | 4.26 | Standard Deviation | 4.02 |
Return Density |
| Distribution |
Investment risk management requires an estimate of the probability of extreme price changes. Therefore, the correct representation of the distribution of Cango historical returns presented in an easy-to-digest graphical form helps investors and money managers understand the risk-reward trade-off of different investement strategies.
Cango Stock Institutional Investors
Have you ever been surprised when a price of an equity instrument such as Cango is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading Cango Inc backward and forwards among themselves. Cango's institutional investor refers to the entity that pools money to purchase Cango's securities or originates loans. Institutional investors include commercial and private banks, credit unions, insurance companies, pension funds, hedge funds, endowments, and mutual funds. Operating companies that invest excess capital in these types of assets may also be included in the term and may influence corporate governance by exercising voting rights in their investments.
| Shares | International Assets Investment Management, Llc | 2023-12-31 | 17.2 K | Lpl Financial Corp | 2023-12-31 | 14.8 K | Schonfeld Strategic Advisors Llc | 2023-09-30 | 14 K | Wealth Enhancement Advisory Services, Llc | 2023-12-31 | 10.5 K | American Century Companies Inc | 2023-12-31 | 10.2 K | Ubs Group Ag | 2023-12-31 | 5.8 K | Jpmorgan Chase & Co | 2023-12-31 | 4.4 K | Bnp Paribas Arbitrage, Sa | 2023-12-31 | 4.2 K | Whittier Trust Co | 2023-12-31 | 2 K | Primavera Capital Management Ltd | 2023-12-31 | 5.2 M | Cetera Investment Advisers | 2023-12-31 | 98.5 K |
Cango Cash Flow Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Investments | (1.2B) | (83.9M) | 1.7B | 2.0B | 2.3B | 2.4B | |
| Change In Cash | (33.4M) | (1.5B) | 295.4M | (1.3B) | (1.2B) | (1.1B) | |
| Net Borrowings | 543.2M | 1.0B | (46.5M) | (554.8M) | (499.3M) | (474.4M) | |
| Free Cash Flow | 379.9M | (627.0M) | (423.3M) | (572.0M) | (514.8M) | (489.1M) | |
| Depreciation | 10.5M | 9.5M | 8.5M | 17.5M | 20.1M | 21.1M | |
| Other Non Cash Items | 15.8M | (3.2B) | 432.5M | 630.0M | 567.0M | 595.4M | |
| Dividends Paid | 257.1M | 267.2M | 955.4M | 1.9B | 2.2B | 2.3B | |
| Capital Expenditures | 14.4M | 43.0M | 5.4M | 18.9M | 4.6M | 0.0 | |
| Net Income | 404.9M | 3.4B | (8.5M) | (1.1B) | (493.0M) | (468.4M) | |
| End Period Cash Flow | 3.8B | 2.3B | 2.6B | 1.3B | 1.5B | 2.4B | |
| Change To Netincome | (19.5M) | 102.9M | (2.9B) | (62.8M) | (56.5M) | (59.3M) |
Cango Greeks
Most traded equities are subject to two types of risk - systematic (i.e., market) and unsystematic (i.e., nonmarket or company-specific) risk. Unsystematic risk is the risk that events specific to Cango or Internet & Direct Marketing Retail sector will adversely affect the stock's price. This type of risk can be diversified away by owning several different stocks in different industries whose stock prices have shown a small correlation to each other. On the other hand, systematic risk is the risk that Cango's price will be affected by overall stock market movements and cannot be diversified away. So, no matter how many positions you have, you cannot eliminate market risk. However, you can measure a Cango stock's historical response to market movements and buy it if you are comfortable with its volatility direction. Beta and standard deviation are two commonly used measures to help you make the right decision.
α | Alpha over NYSE Composite | 0.50 | |
β | Beta against NYSE Composite | 0.74 | |
σ | Overall volatility | 4.04 | |
Ir | Information ratio | 0.12 |
Cango Volatility Alert
Cango Inc shows above-average downside volatility for the selected time horizon. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure Cango's stock risk against market volatility during both bullish and bearish trends. The higher level of volatility that comes with bear markets can directly impact Cango's stock price while adding stress to investors as they watch their shares' value plummet. This usually forces investors to rebalance their portfolios by buying different financial instruments as prices fall.Cango Fundamentals Vs Peers
Comparing Cango's fundamentals to the average values of its peers is one of the most widely used and accepted methods of equity analyses. It helps to analyze Cango's direct or indirect competition across all of the common fundamentals between Cango and the related equities. This way, we can detect undervalued stocks with similar characteristics as Cango or determine the stocks which would be an excellent addition to an existing portfolio. Peer analysis of Cango's fundamental indicators could also be used in its relative valuation, which is a method of valuing Cango by comparing valuation metrics with those of similar companies.
| Better Than Average | Worse Than Average | Compare Cango to competition |
| Fundamentals | Cango | Peer Average |
| Return On Equity | -0.0093 | -0.31 |
| Return On Asset | 0.0108 | -0.14 |
| Profit Margin | (0.02) % | (1.27) % |
| Operating Margin | (0.05) % | (5.51) % |
| Current Valuation | (1.27 B) | 16.62 B |
| Shares Outstanding | 134.75 M | 571.82 M |
| Shares Owned By Insiders | 14.22 % | 10.09 % |
| Shares Owned By Institutions | 14.04 % | 39.21 % |
| Number Of Shares Shorted | 27.64 K | 4.71 M |
| Price To Earning | 0.48 X | 28.72 X |
| Price To Book | 0.36 X | 9.51 X |
| Price To Sales | 0.12 X | 11.42 X |
| Revenue | 2.06 B | 9.43 B |
| Gross Profit | (169 M) | 27.38 B |
| EBITDA | 106.02 M | 3.9 B |
| Net Income | (493.03 M) | 570.98 M |
| Cash And Equivalents | 3.4 B | 2.7 B |
| Cash Per Share | 24.68 X | 5.01 X |
| Total Debt | 1.08 B | 5.32 B |
| Debt To Equity | 0.23 % | 48.70 % |
| Current Ratio | 2.55 X | 2.16 X |
| Book Value Per Share | 34.99 X | 1.93 K |
| Cash Flow From Operations | (567.39 M) | 971.22 M |
| Short Ratio | 0.76 X | 4.00 X |
| Earnings Per Share | (0.50) X | 3.12 X |
| Price To Earnings To Growth | (6.72) X | 4.89 X |
| Target Price | 3.05 | |
| Beta | 0.78 | -0.15 |
| Market Capitalization | 183.28 M | 19.03 B |
| Total Asset | 7.02 B | 29.47 B |
| Retained Earnings | 9.11 M | 9.33 B |
| Working Capital | 2.94 B | 1.48 B |
| Current Asset | 594.27 M | 9.34 B |
Cango Market Momentum
Traders often use several daily momentume indicators to supplement a more traditional technical analysis when analyzing securities such as Cango . With many different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.
About Cango Buy or Sell Advice
When is the right time to buy or sell Cango Inc? Buying financial instruments such as Cango Stock isn't very hard. However, what challenging for most investors is doing it at the right time to beat the market. Proper market timing is something most people cannot do without sophisticated tools, which help to isolate the right opportunities. Macroaxis provides hands-on modules to deliver winning trades and diversify your portfolios on a daily basis. Most of our advising modules are very easy to use and apply.
Please read more on our stock advisor page.| 2021 | 2022 | 2023 | 2024 (projected) | Short and Long Term Debt Total | 2.0B | 1.1B | 1.2B | 1.6B | Total Assets | 10.9B | 7.0B | 8.1B | 7.7B |
Use Investing Ideas to Build Portfolios
In addition to having Cango in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
Run Long Short Funds Thematic Idea Now
Long Short Funds
Funds or Etfs that are designed to hedge away market risk by investing in combination of bonds, stocks, derivative instruments as well as short positions to maximize returns irrespective of market conditions. The Long Short Funds theme has 47 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Long Short Funds Theme or any other thematic opportunities.
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Check out Cango Analyst Recommendation to compare Macroaxis Buy or Sell Recommendation with the current analyst consensus. To check ratings for multiple equity instruments, please use the Instant Ratings tool. You can also try the Companies Directory module to evaluate performance of over 100,000 Stocks, Funds, and ETFs against different fundamentals.
Complementary Tools for Cango Stock analysis
When running Cango's price analysis, check to measure Cango's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Cango is operating at the current time. Most of Cango's value examination focuses on studying past and present price action to predict the probability of Cango's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Cango's price. Additionally, you may evaluate how the addition of Cango to your portfolios can decrease your overall portfolio volatility.
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Is Cango's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Cango. If investors know Cango will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Cango listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.92) | Earnings Share (0.50) | Revenue Per Share 14.005 | Quarterly Revenue Growth (0.73) | Return On Assets 0.0108 |
The market value of Cango Inc is measured differently than its book value, which is the value of Cango that is recorded on the company's balance sheet. Investors also form their own opinion of Cango's value that differs from its market value or its book value, called intrinsic value, which is Cango's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Cango's market value can be influenced by many factors that don't directly affect Cango's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Cango's value and its price as these two are different measures arrived at by different means. Investors typically determine if Cango is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Cango's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.