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

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

Cheetah Net Supply Chain Service Trading Up 1.3%

The company has a debt-to-equity ratio of 0.05, a current ratio of 10.15 and a quick ratio of 10.15. The company’s fifty day moving average price is $1.60 and its 200-day moving average price is $1.51. The stock has a market cap of $5.21 million, a price-to-earnings ratio of -0.97 and a beta of 1.89.

Cheetah Net Supply Chain Service (NASDAQ:CTNT) last released its earnings results on Monday, August 4th. The company reported ($0.16) 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 the consensus estimate of $0.30 million.

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.