Insider Buying: Cheetah Net Supply Chain Service (NASDAQ:CTNT) Insider Purchases 200,000 Shares of Stock

Cheetah Net Supply Chain Service Inc. (NASDAQ:CTNT) insider Huan Liu bought 200,000 shares of the business’s stock in a transaction that occurred on Monday, June 15th. The stock was purchased at an average price of $2.00 per share, with a total value of $400,000.00. Following the completion of the purchase, the insider directly owned 200,877 shares of the company’s stock, valued at $401,754. This represents a 22,805.02% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Cheetah Net Supply Chain Service Stock Performance

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

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

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen raised shares of Cheetah Net Supply Chain Service to a “hold” rating in a research report on Saturday, May 23rd. One analyst has rated the stock with a Sell rating, According to MarketBeat, the stock presently has a consensus rating of “Sell”.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Cheetah Net Supply Chain Service stock. Citadel Advisors LLC increased its position in shares of Cheetah Net Supply Chain Service Inc. (NASDAQ:CTNT) by 106.6% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 46,926 shares of the company’s stock after purchasing an additional 24,212 shares during the quarter. Citadel Advisors LLC owned approximately 1.72% of Cheetah Net Supply Chain Service worth $83,000 at the end of the most recent quarter. Institutional investors own 0.04% of the company’s stock.

Cheetah Net Supply Chain Service Company Profile

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.