Cheche Group (NASDAQ:CCG) Sets New 12-Month High – Should You Buy?

Cheche Group Inc. (NASDAQ:CCG) shares reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $15.15 and last traded at $15.5850, with a volume of 1748 shares trading hands. The stock had previously closed at $0.4550.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Cheche Group in a report on Friday. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Cheche Group presently has an average rating of “Sell”.

Cheche Group Trading Down 22.8%

The stock’s fifty day moving average price is $17.09 and its 200 day moving average price is $23.82. The stock has a market cap of $23.19 million, a P/E ratio of -146.38 and a beta of 0.17. The company has a current ratio of 1.23, a quick ratio of 1.23 and a debt-to-equity ratio of 0.03.

Institutional Investors Weigh In On Cheche Group

An institutional investor recently bought a new position in Cheche Group stock. Centiva Capital LP acquired a new position in Cheche Group Inc. (NASDAQ:CCG) during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 21,244 shares of the company’s stock, valued at approximately $27,000. Institutional investors own 19.76% of the company’s stock.

Cheche Group Company Profile

Cheche Group Inc offer auto insurance technology platform. The company evolved into a comprehensive, data-driven technology platform which offers a full suite of services and products for digital insurance transactions and insurance SaaS solutions principally in China. Cheche Group Inc, formerly known as Prime Impact, is headquartered in Beijing, China.