Cheetah Net Supply Chain Service (NASDAQ:CTNT) Stock Price Down 2.1% – Should You Sell?

Cheetah Net Supply Chain Service Inc. (NASDAQ:CTNT)’s stock price traded down 2.1% on Tuesday . The company traded as low as $1.85 and last traded at $1.85. 14,138 shares were traded during mid-day trading, a decline of 55% from the average session volume of 31,528 shares. The stock had previously closed at $1.89.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Cheetah Net Supply Chain Service in a report on Saturday, September 27th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, Cheetah Net Supply Chain Service presently has a consensus rating of “Sell”.

Cheetah Net Supply Chain Service Price Performance

The company has a market capitalization of $4.94 million, a price-to-earnings ratio of -0.92 and a beta of 1.94. The company has a current ratio of 10.15, a quick ratio of 10.15 and a debt-to-equity ratio of 0.05. The company has a 50 day moving average price of $1.72 and a 200 day moving average price of $1.52.

Cheetah Net Supply Chain Service (NASDAQ:CTNT) last posted its quarterly earnings results on Monday, August 4th. The company reported ($0.16) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.21) by $0.05. The business had revenue of $0.35 million for the quarter, compared to analysts’ expectations of $0.30 million. Cheetah Net Supply Chain Service had a negative return on equity of 27.96% and a negative net margin of 467.57%.

Cheetah Net Supply Chain Service Company Profile

Cheetah Net Supply Chain Service Inc, together with its subsidiaries, supplies parallel-import vehicles in the United States, the People's Republic of China, and internationally. It purchases and resell branded automobiles under the Mercedes, Lexus, Range Rover, RAM and Toyota brands. The company was formerly known as Yuan Qiu Business Group LLC and changed its name to Cheetah Net Supply Chain Service Inc in March 2022.