How to Buy Cango Stock
Cango Inc
Cango, Inc. (Cayman island) is a holding company, which engages in the development and operation of automotive transaction service platform for connecting dealers, financial institutions, and car buyers.
Cango stock last closed at $4.44, down 7.69% from the previous day, and has increased 140% in one year. It has overperformed other stocks in the Auto & Truck Dealerships industry by 1.34 percentage points. Cango stock is currently +217.14% from its 52-week low of $1.40, and -54.04% from its 52-week high of $9.66.
There are currently 207.57M CANG shares outstanding. The market value of CANG is $460.80M. In the last 24 hours, 588,000 CANG shares were traded.
How to Buy Cango Stock
Not sure how to invest in Cango stock? Here's how.
- Choose where to buy Cango stock: You need to pick a stock brokerage, but don't worry - we've sifted through dozens of online stock brokerages and apps to help you determine where to buy Cango stock.
- Create your brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've identified.
- Put funds into your investment account: Select your payment method and add your details.
- Research Cango stock: The Cango ticker symbol is CANG. Is Cango stock a good investment? Should you buy shares of CANG? How do CANG's underlying business fundamentals look? Do top analysts think Cango is a good buy? Why has CANG's stock price moved recently? (Hint: Our stock market research website can help you evaluate if CANG is a good stock to buy).
- Make your CANG purchase: Decide if you will purchase CANG shares at the current market price or use a limit order to purchase CANG shares at a particular price.
- Get the latest scoop on your investment in CANG: Create a watchlist to get the latest news on your investment in Cango stock.
Step 1: Choose where to buy Cango stock
You will need an online brokerage account to access the NYSE market and buy CANG shares.
Our preferred brokerage: eToro
Based on our experience, eToro is the best stock brokerage. eToro gives you:
- Invest in stocks with 0% commissions: Invest without commissions.
- Buy fractional shares: Even if you don't have the money to buy a full share, you can still buy the stock.
- Access to global markets: From Technology to Energy, New York to Tokyo (for US users, only US stocks are available) — you can fill your portfolio with stocks from the world's top exchanges.
- Social investing: eToro offers a community of more than 20 million users around the world. Talk to, learn from, and copy the crypto trades of other investors.
- Security: eToro is a regulated and licensed brokerage platform.
- Buy other financial assets: Such as ETFs and cryptocurrencies.
Get $10 towards your purchase of shares by creating an account with eToro now. This offer is only for US users.
Open eToro AccountStep 2: Create your brokerage account
Now that you've picked the best brokerage, you'll need to fill out some personal info so you are able to buy CANG today.
How to Set Up a New Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Input your personal info to start your new trading account.
- Submit your application by pressing the "Create Account" button. Get started with eToro today
Step 3: Put funds into your investment account
Now that you've filled out your info on stock apps to use, your next step is to transfer the money for your investment:
Check out the walkthrough below for more details transferring money into your new brokerage account.
Step 4: Research Cango stock
Once you have selected the best place to buy Cango stock, it's absolutely critical to evaluate their stock prior to investing, so you actually comprehend the risk as well as the upside.
Cango shares quick numbers
Fundamentals of Cango
WallStreetZen was built to help average investors do more accurate fundamental analysis in less time.
You can see all of the due diligence checks on CANG's stock page.
Is CANG stock properly valued?
Analysts use a variety of different financial metrics, analyses, models, and charts to gauge CANG's fair value.
Using relative valuations metrics:
- CANG could be undervalued based on its P/B ratio of 0.86x, relative to Auto & Truck Dealerships industry P/B ratio of 3.76x
You can access additional valuation analysis on CANG's stock here.
A quick look at CANG Financials
Positive Health Checks:
- There are more short-term assets than long-term liabilities on the CANG balance sheet.
- There are more short-term assets than short-term liabilities on the CANG balance sheet.
- CANG profit margin has gone up from -2.2% to 0.1% in the past year.
Negative Health Checks:
- Total CANG debt is higher than 5 years ago, relative to shareholder equity.
- CANG has a relatively high debt to equity ratio of 0.82.
Is CANG stock a Buy, Hold, or Sell, according to analysts?
Out of 1 Wall Street analysts who track CANG, the consensus analyst rating on Cango is a Buy
Please note that analyst forecasts are not recommendations, nor are they investment advice.
You can dive deeper into what analysts are saying on the Cango stock forecast page.
CANG Technical Indicators
CANG Revenue
Last year, CANG revenue was $247.44M. In the last five year, CANG's revenue has increased by 5.33% per year. This was slower than the Auto & Truck Dealerships industry average of 21.58%.
Dive into CANG's earnings and revenue performance here.
Latest Insiders Trades at CANG
In the past year, executives and large shareholders at CANG have not bought or sold any shares.
Get more info about who owns CANG shares here.
Does CANG stock generate passive income?
No, Cango doesn't provide an income stream by paying out dividends.
What others are saying about CANG
One of the reasons eToro is our top-rated brokerage is because of its social trading community.
Click below to see what other traders have to say.
Step 5: Make your CANG purchase
There are two main order types:
- Market order: A market order is an order to buy or sell a security at the best price on the market.
Market orders are mostly sufficient. - Limit order: A limit order allows you to buy or sell a security at a specific price (or better).
If you want to make sure you're buying or selling at an exact price, place a limit order.
Press the Open Trade button and your broker will place your order.
If you need more help with buying stocks on eToro, watch the how to video below:
Step 6: Get the latest scoop on your investment in CANG
Now that you own some CANG stock, you'll want to keep up with your investment.
Make a watchlist to see the latest developments about your CANG stock.
CANG Feed
How to Buy Stock in Cango
To reiterate, here are the 6 steps to buy Cango stock:
- Choose where to buy Cango stock
- Create your brokerage account
- Put funds into your investment account
- Research Cango stock
- Make your CANG purchase
- Get the latest scoop on your investment in CANG
If you need a brokerage, eToro is our recommended option.
Get Started with eToro TodayIf you want to get the latest news on your investment in Cango, get started below.
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