Cheetah Net Supply Chain Service (NASDAQ:CTNT) Stock Price Down 10.8%

Cheetah Net Supply Chain Service Inc. (NASDAQ:CTNT)’s stock price fell 10.8% on Wednesday . The company traded as low as $1.18 and last traded at $1.24. 161,117 shares were traded during mid-day trading, an increase of 195% from the average session volume of 54,592 shares. The stock had previously closed at $1.39.

Wall Street Analysts Forecast Growth

Separately, Maxim Group decreased their price objective on shares of Cheetah Net Supply Chain Service from $5.00 to $4.00 and set a “buy” rating for the company in a report on Wednesday, March 20th.

Cheetah Net Supply Chain Service Stock Performance

The company has a quick ratio of 3.52, a current ratio of 4.16 and a debt-to-equity ratio of 0.09. The stock has a 50 day moving average price of $1.71 and a 200 day moving average price of $1.52.

Cheetah Net Supply Chain Service (NASDAQ:CTNT) last released its earnings results on Monday, March 18th. The company reported $0.01 earnings per share (EPS) for the quarter. The firm had revenue of $5.84 million for the quarter.

About Cheetah Net Supply Chain Service

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.