Cheche Group Inc [NASDAQ: CCG] stock went on an upward path that rose over 14.57% on Thursday, amounting to a one-week price decrease of less than -2.68%.
Over the last 12 months, CCG stock dropped by -91.95%.
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The market cap for the stock reached $63.88 million, with 56.84 million shares outstanding and 11.25 million shares in the current float. Compared to the average trading volume of 854.99K shares, CCG stock reached a trading volume of 3856817 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Guru’s Opinion on Cheche Group Inc [CCG]:
The Average True Range (ATR) for Cheche Group Inc is set at 0.17, with the Price to Sales ratio for CCG stock in the period of the last 12 months amounting to 0.19. The Price to Book ratio for the last quarter was 1.27, with the Price to Cash per share for the same quarter was set at 0.43.
CCG Stock Performance Analysis:
Cheche Group Inc [CCG] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -2.68. With this latest performance, CCG shares dropped by -50.19% in over the last four-week period, additionally sinking by -87.19% over the last 6 months – not to mention a drop of -91.95% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for CCG stock in for the last two-week period is set at 28.78, with the RSI for the last a single of trading hit 33.71, and the three-weeks RSI is set at 28.04 for Cheche Group Inc [CCG]. The present Moving Average for the last 50 days of trading for this stock 1.6583, while it was recorded at 0.7801 for the last single week of trading.
Insight into Cheche Group Inc Fundamentals:
Cheche Group Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.53 and a Current Ratio set at 1.53.
Cheche Group Inc [CCG] Institutonal Ownership Details
The top three institutional holders of CCG stocks are: VANGUARD GROUP INC with ownership of 1.32 billion shares, which is approximately 8.4983%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $200.69 billion in CCG stocks shares; and BERKSHIRE HATHAWAY INC, currently with $174.35 billion in CCG stock with ownership which is approximately 5.8386%.
