Cheetah Net Supply Chain Service (NASDAQ:CTNT) Issues Earnings Results, Misses Estimates By $0.02 EPS

Cheetah Net Supply Chain Service (NASDAQ:CTNT) released its quarterly earnings results on Tuesday. The company reported ($0.03) EPS for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.02), Zacks reports. Cheetah Net Supply Chain Service had a negative return on equity of 6.23% and a negative net margin of 1.24%. The firm had revenue of $0.29 million for the quarter.

Cheetah Net Supply Chain Service Stock Down 5.8 %

Cheetah Net Supply Chain Service stock traded down $0.01 during midday trading on Wednesday, reaching $0.23. The company’s stock had a trading volume of 605,834 shares, compared to its average volume of 2,818,557. Cheetah Net Supply Chain Service has a fifty-two week low of $0.20 and a fifty-two week high of $14.76. The company has a quick ratio of 4.95, a current ratio of 5.08 and a debt-to-equity ratio of 0.09. The company has a market cap of $4.05 million and a P/E ratio of -21.97. The business has a 50-day simple moving average of $0.43 and a 200-day simple moving average of $1.44.

Wall Street Analyst Weigh In

Separately, Maxim Group reiterated a “hold” rating on shares of Cheetah Net Supply Chain Service in a research note on Wednesday, May 15th.

Insider Buying and Selling at Cheetah Net Supply Chain Service

In other Cheetah Net Supply Chain Service news, major shareholder Xiaolin Tang sold 1,500,000 shares of the firm’s stock in a transaction dated Thursday, May 23rd. The stock was sold at an average price of $1.06, for a total transaction of $1,590,000.00. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 54.72% of the stock is owned by insiders.

Cheetah Net Supply Chain Service Company Profile

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.