Cheetah Net Supply Chain Service Inc (NASDAQ: CTNT) Could Post Excellent Profits?

In the last trading session, 1.15 million shares of the Cheetah Net Supply Chain Service Inc (NASDAQ:CTNT) were traded, and its beta was 4.03. Most recently the company’s share price was $0.28, and it changed around $0.0 or -1.08% from the last close, which brings the market valuation of the company to $10.69M. CTNT currently trades at a discount to its 52-week high of $14.76, offering almost -5171.43% off that amount. The share price’s 52-week low was $0.20, which indicates that the current value has risen by an impressive 28.57% since then. We note from Cheetah Net Supply Chain Service Inc’s average daily trading volume that its 10-day average is 1.86 million shares, with the 3-month average coming to 3.21 million.

Cheetah Net Supply Chain Service Inc stock received a consensus recommendation rating of Hold, based on a mean score of 1.00. If we narrow it down even further, the data shows that 0 out of 1 analysts rate the stock as a Sell; another 0 rate it as Overweight. Among the rest, 1 recommended CTNT as a Hold, whereas 0 deemed it a Buy, and 0 rated it as Underweight. Cheetah Net Supply Chain Service Inc is expected to report earnings per share of -0.02 for the current quarter.

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Cheetah Net Supply Chain Service Inc (NASDAQ:CTNT) trade information

Instantly CTNT has showed a red trend with a performance of -1.08% at the end of last trading. The performance over the last five days has remained in the green territory. The rise to weekly highs of 0.2951 on recent trading dayincreased the stock’s daily price by 5.12%. The company’s shares are currently down -78.85% year-to-date, but still up 21.41% over the last five days. On the other hand, Cheetah Net Supply Chain Service Inc (NASDAQ:CTNT) is 30.46% up in the 30-day period. We can see from the shorts that 0.99 million shares have been sold at a short interest cover period of 0.25 day(s).

Cheetah Net Supply Chain Service Inc (CTNT) estimates and forecasts

The year-over-year growth rate is expected to be -90.10%, down from the previous year.

Consensus estimates provided by 1 financial analysts predict the company will bring in an average of 900k in revenue for the current quarter. 1 analysts expect Cheetah Net Supply Chain Service Inc to make 1.1M in revenue for the current ending quarter. Forecasts for the next quarter put sales growth at -81.20%.

CTNT Dividends

Cheetah Net Supply Chain Service Inc’s next quarterly earnings report is expected to be released in October.

Cheetah Net Supply Chain Service Inc (NASDAQ:CTNT)’s Major holders

Upon looking at major shareholders, it appears that insiders hold 22.61% of Cheetah Net Supply Chain Service Inc shares, and 1.98% of them are in the hands of institutional investors. The stock currently has a share float of 2.57%.