Reasons why Cheetah Net Supply Chain Service Inc’s (NASDAQ:CTNT) fundamentals are futile

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.

Top 5 Artificial Intelligence Stocks to Buy for 2024

By now, you're well aware of the artificial intelligence boom. You know Big Tech has been investing billions of dollars into it. According to Next Move Strategy Consulting, the AI market – currently valued at about $100 billion – cold grow twenty-fold by 2030 to more than $2 trillion. That means you may want to strongly consider these top AI stocks. Get our free report, "Top 5 AI Stocks to Buy in 2024."

Click here to automatically get the our FREE Report & Special Offer "5 Best AI Stocks to Invest In"

Sponsored

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.

Related Posts