Cheche Group (NASDAQ:CCG) Hits New 52-Week High – Still a Buy?

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

Analysts Set New Price Targets

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

Cheche Group Stock Down 1.6%

The firm has a market cap of $1.06 billion, a PE ratio of -191.00 and a beta of 0.17. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.23 and a current ratio of 1.23. The company’s 50-day simple moving average is $0.50 and its two-hundred day simple moving average is $0.69.

Institutional Trading of Cheche Group

An institutional investor recently bought a new stake in Cheche Group stock. Centiva Capital LP bought a new position in Cheche Group Inc. (NASDAQ:CCG) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 21,244 shares of the company’s stock, valued at approximately $27,000. 19.76% of the stock is currently owned by institutional investors and hedge funds.

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.