Cheetah Net Supply Chain Service (NASDAQ:CTNT) Trading Up 1.3% – What’s Next?

Cheetah Net Supply Chain Service Inc. (NASDAQ:CTNT) was up 1.3% on Friday . The stock traded as high as $2.00 and last traded at $1.95. Approximately 44,624 shares traded hands during trading, an increase of 53% from the average daily volume of 29,192 shares. The stock had previously closed at $1.93.

Cheetah Net Supply Chain Service Stock Performance

The stock has a market cap of $5.21 million, a P/E ratio of -0.97 and a beta of 1.89. The business has a 50 day moving average price of $1.60 and a 200 day moving average price of $1.51. The company has a quick ratio of 10.15, a current ratio of 10.15 and a debt-to-equity ratio of 0.05.

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

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.