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

Cheetah Net Supply Chain Service (NASDAQ:CTNT) issued its earnings results on Friday. The company reported ($11.23) EPS for the quarter, beating the consensus estimate of ($31.50) by $20.27, FiscalAI reports. Cheetah Net Supply Chain Service had a negative net margin of 206.70% and a negative return on equity of 7.88%. The company had revenue of $3.56 million during the quarter, compared to analysts’ expectations of $0.60 million.

Cheetah Net Supply Chain Service Price Performance

Cheetah Net Supply Chain Service stock traded up $0.01 during midday trading on Friday, reaching $1.61. The company’s stock had a trading volume of 91,399 shares, compared to its average volume of 175,730. The company has a current ratio of 47.56, a quick ratio of 47.56 and a debt-to-equity ratio of 0.01. The stock has a market cap of $2.14 million, a PE ratio of -0.00 and a beta of -0.58. Cheetah Net Supply Chain Service has a 52 week low of $1.52 and a 52 week high of $63,600.00. The business has a 50-day moving average price of $24.69 and a 200-day moving average price of $11,742.89.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Cheetah Net Supply Chain Service in a research report on Monday, September 14th. One investment analyst has rated the stock with a Sell rating. According to MarketBeat.com, the stock has a consensus rating of “Sell”.

Insider Transactions at Cheetah Net Supply Chain Service

In related news, insider Huan Liu acquired 100,000 shares of the company’s stock in a transaction that occurred on Friday, October 9th. The stock was acquired at an average price of $3.30 per share, with a total value of $330,000.00. Following the purchase, the insider directly owned 101,340 shares in the company, valued at approximately $334,422. This trade represents a 7,462.69% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 7.05% of the stock is currently owned by corporate insiders.

About Cheetah Net Supply Chain Service

Cheetah Net Supply Chain Service Inc. (NASDAQ: CTNT) is an automotive supply chain services company focused on the parallel-import vehicle market. Through its operating subsidiaries, the company sources vehicles from overseas suppliers and arranges their sale and delivery to customers in China. The company’s activities include vehicle procurement, export coordination, logistics management and related supply chain services. Its offerings primarily involve new vehicles purchased outside manufacturers’ official distribution networks, including vehicles from a range of international automotive brands.