Key Points
- Insider Huan Liu bought 100,000 CTNT shares at an average price of $3.30, investing $330,000 and increasing their direct ownership by more than 7,400%.
- CTNT reported quarterly revenue of $0.87 million and earnings of $0.04 per share, but remains unprofitable with a negative net margin of 206.70%.
- Analyst sentiment is negative: Weiss Ratings reaffirmed a “sell (e+)” rating, and the stock has an average “Sell” rating from the covered analyst.
Cheetah Net Supply Chain Service Inc. (NASDAQ:CTNT - Get Free Report) insider Huan Liu purchased 100,000 shares of the company's stock in a transaction dated Friday, October 9th. The shares were acquired at an average cost of $3.30 per share, with a total value of $330,000.00. Following the purchase, the insider directly owned 101,340 shares of the company's stock, valued at approximately $334,422. The trade was a 7,462.69% increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.
Cheetah Net Supply Chain Service Stock Performance
Shares of NASDAQ:CTNT opened at $2.43 on Wednesday. The firm's fifty day moving average is $128.50 and its 200-day moving average is $4,572.00. The company has a current ratio of 47.56, a quick ratio of 47.56 and a debt-to-equity ratio of 0.01. Cheetah Net Supply Chain Service Inc. has a 52 week low of $2.28 and a 52 week high of $63,600.00.
Cheetah Net Supply Chain Service (NASDAQ:CTNT - Get Free Report) last issued its quarterly earnings data on Thursday, August 13th. The company reported $0.04 earnings per share for the quarter, topping the consensus estimate of ($99.00) by $99.04. The company had revenue of $0.87 million for the quarter, compared to analysts' expectations of $0.10 million. Cheetah Net Supply Chain Service had a negative net margin of 206.70% and a negative return on equity of 7.88%.
Analyst Upgrades and Downgrades
Separately, Weiss Ratings reaffirmed a "sell (e+)" rating on shares of Cheetah Net Supply Chain Service in a report on Monday, September 14th. One investment analyst has rated the stock with a Sell rating. According to MarketBeat, the stock currently has an average rating of "Sell".
Check Out Our Latest Research Report on CTNT
Cheetah Net Supply Chain Service Company Profile
(
Get Free Report)
Cheetah Net Supply Chain Service Limited (NASDAQ: CTNT) is a supply chain services company focused primarily on the parallel-import vehicle market. The company helps facilitate the purchase and sale of vehicles sourced through channels outside a manufacturer's official distribution network, with an emphasis on serving customers seeking imported automobiles.
Cheetah Net's activities include vehicle sourcing, supply chain coordination, logistics support and related services associated with the cross-border distribution of automobiles.
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