Huan Liu Buys 200,000 Shares of Cheetah Net Supply Chain Service (NASDAQ:CTNT) Stock

Cheetah Net Supply Chain Service Inc. (NASDAQ:CTNT) insider Huan Liu purchased 200,000 shares of the business’s stock in a transaction dated Monday, June 15th. The shares were acquired at an average price of $2.00 per share, for a total transaction of $400,000.00. Following the acquisition, the insider directly owned 200,877 shares in the company, valued at $401,754. This represents a 22,805.02% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Cheetah Net Supply Chain Service Stock Down 1.2%

Shares of CTNT stock traded down $0.02 on Wednesday, hitting $1.59. The company’s stock had a trading volume of 199,482 shares, compared to its average volume of 695,746. The company has a debt-to-equity ratio of 0.01, a current ratio of 43.19 and a quick ratio of 43.19. Cheetah Net Supply Chain Service Inc. has a fifty-two week low of $1.48 and a fifty-two week high of $424.00. The firm’s fifty day moving average price is $44.35 and its 200-day moving average price is $190.41. The stock has a market capitalization of $4.70 million, a price-to-earnings ratio of -0.01 and a beta of -0.88.

Cheetah Net Supply Chain Service (NASDAQ:CTNT) last announced its quarterly earnings results on Thursday, May 14th. The company reported ($4.53) earnings per share for the quarter, topping analysts’ consensus estimates of ($10.00) by $5.47. Cheetah Net Supply Chain Service had a negative return on equity of 17.62% and a negative net margin of 389.47%.The company had revenue of $0.09 million during the quarter, compared to analysts’ expectations of $0.20 million.

Analysts Set New Price Targets

Separately, Wall Street Zen upgraded shares of Cheetah Net Supply Chain Service to a “hold” rating in a research note on Saturday, May 23rd. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Sell”.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Cheetah Net Supply Chain Service stock. Citadel Advisors LLC grew its stake in shares of Cheetah Net Supply Chain Service Inc. (NASDAQ:CTNT) by 106.6% in the third quarter, according to its most recent disclosure with the SEC. The fund owned 46,926 shares of the company’s stock after buying an additional 24,212 shares during the period. Citadel Advisors LLC owned approximately 1.72% of Cheetah Net Supply Chain Service worth $83,000 as of its most recent filing with the SEC. 0.04% of the stock is currently owned by institutional investors and hedge funds.

About Cheetah Net Supply Chain Service

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.