Cheetah Net Supply Chain Service (NASDAQ:CTNT) Releases Earnings Results, Beats Expectations By $20.27 EPS

Cheetah Net Supply Chain Service (NASDAQ:CTNT) released its quarterly earnings data on Friday. The company reported ($11.23) EPS for the quarter, beating analysts’ consensus estimates 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 the consensus estimate of $0.60 million.

Cheetah Net Supply Chain Service Trading Up 0.6%

Shares of NASDAQ CTNT traded up $0.01 during trading on Friday, reaching $1.61. The stock had a trading volume of 1,765,916 shares, compared to its average volume of 182,266. The company has a market cap of $2.14 million, a P/E ratio of -0.00 and a beta of -0.58. The company has a debt-to-equity ratio of 0.01, a quick ratio of 47.56 and a current ratio of 47.56. The business’s 50-day moving average price is $24.69 and its 200-day moving average price is $11,742.89. Cheetah Net Supply Chain Service has a fifty-two week low of $1.52 and a fifty-two week high of $63,600.00.

Analyst Upgrades and Downgrades

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

Insiders Place Their Bets

In other Cheetah Net Supply Chain Service news, insider Huan Liu bought 100,000 shares of Cheetah Net Supply Chain Service stock in a transaction on Friday, October 9th. The shares were bought at an average cost of $3.30 per share, for a total transaction of $330,000.00. Following the acquisition, the insider directly owned 101,340 shares in the company, valued at $334,422. This represents a 7,462.69% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 7.05% of the stock is currently owned by 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.