Cheetah Net Supply Chain Service (NASDAQ:CTNT) Announces Earnings Results

Cheetah Net Supply Chain Service (NASDAQ:CTNT) announced its earnings results on Thursday. The company reported $0.04 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.66) by $0.70, FiscalAI reports. The company had revenue of $0.87 million during the quarter, compared to analyst estimates of $0.10 million. Cheetah Net Supply Chain Service had a negative return on equity of 12.85% and a negative net margin of 206.70%.

Cheetah Net Supply Chain Service Trading Down 1.8%

Shares of CTNT stock traded down $0.03 on Friday, hitting $1.61. The stock had a trading volume of 978,709 shares, compared to its average volume of 432,680. The firm has a market cap of $4.77 million, a P/E ratio of -0.01 and a beta of -0.98. Cheetah Net Supply Chain Service has a twelve month low of $1.43 and a twelve month high of $424.00. The company has a current ratio of 43.19, a quick ratio of 43.19 and a debt-to-equity ratio of 0.01. The company has a fifty day moving average price of $1.71 and a two-hundred day moving average price of $114.90.

Insiders Place Their Bets

In other Cheetah Net Supply Chain Service news, insider Huan Liu purchased 200,000 shares of the stock in a transaction on Monday, June 15th. The shares were purchased at an average cost of $2.00 per share, for a total transaction of $400,000.00. Following the purchase, the insider owned 200,877 shares of the company’s stock, valued at approximately $401,754. This represents a 22,805.02% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 6.47% of the company’s stock.

Hedge Funds Weigh In On Cheetah Net Supply Chain Service

An institutional investor recently bought a new position in Cheetah Net Supply Chain Service stock. Two Sigma Investments LP bought a new position in shares of Cheetah Net Supply Chain Service Inc. (NASDAQ:CTNT) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 17,750 shares of the company’s stock, valued at approximately $32,000. Two Sigma Investments LP owned approximately 0.65% of Cheetah Net Supply Chain Service as of its most recent filing with the Securities & Exchange Commission. Institutional investors and hedge funds own 0.04% of the company’s stock.

Analysts Set New Price Targets

CTNT has been the subject of several research reports. Wall Street Zen upgraded shares of Cheetah Net Supply Chain Service to a “hold” rating in a research report on Saturday, May 23rd. Weiss Ratings reissued a “sell (e+)” rating on shares of Cheetah Net Supply Chain Service in a report on Thursday, June 18th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Cheetah Net Supply Chain Service has an average rating of “Sell”.

Cheetah Net Supply Chain Service Company Profile

Cheetah Net Supply Chain Service Group, Inc, through its subsidiaries, operates as an integrated supply chain service provider primarily focused on meeting the needs of cross-border e-commerce and consumer goods companies. The company delivers end-to-end supply chain solutions, leveraging an internet-driven platform to enhance transparency, efficiency and cost control across clients’ procurement and logistics operations.

Key offerings include supply chain design and consulting, global procurement and sourcing support, quality control and inspection, as well as bonded and non-bonded warehousing services.