In yesterday’s Wall Street session, Cheetah Net Supply Chain Service Inc (NASDAQ:CTNT) shares traded at $0.25, up 16.01% from the previous session.
CTNT stock price is now 6.70% away from the 50-day moving average and -78.46% away from the 200-day moving average. The market capitalization of the company currently stands at $9.69M.
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In other news, Chen Huoyuan, 10% Owner sold 990,000 shares of the company’s stock on May 21 ’24. The stock was sold for $1,247,400 at an average price of $1.26. Upon completion of the transaction, the 10% Owner now directly owns 0 shares in the company, valued at $0.0. An SEC document containing details of the transaction can be found on the SEC’s website. On May 14 ’24, 10% Owner Chen Huoyuan sold 8,500 shares of the business’s stock. A total of $36,720 was realized by selling the stock at an average price of $4.32. This leaves the insider owning 990,000 shares of the company worth $0.25 million. A total of 33.99% of the company’s stock is owned by insiders.
During the past 12 months, Cheetah Net Supply Chain Service Inc has had a low of $0.19 and a high of $14.76. As of last week, the company has a debt-to-equity ratio of 0.14, a current ratio of 10.98, and a quick ratio of 10.98. The fifty day moving average price for CTNT is $0.23324 and a two-hundred day moving average price translates $1.16252 for the stock.
The latest earnings results from Cheetah Net Supply Chain Service Inc (NASDAQ: CTNT) was released for 2024-06-30. The net profit margin was -6.42% and return on equity was -12.54% for CTNT. The company reported revenue of $0.29 million for the quarter, compared to $12.22 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -97.59 percent.
