Insider Buying: Cheetah Net Supply Chain Service (NASDAQ:CTNT) Insider Purchases $400,000.00 in Stock

Cheetah Net Supply Chain Service Inc. (NASDAQ:CTNT) insider Huan Liu acquired 200,000 shares of the business’s stock in a transaction dated Monday, June 15th. The stock was acquired at an average price of $2.00 per share, for a total transaction of $400,000.00. Following the purchase, the insider directly owned 200,877 shares of the company’s stock, valued at approximately $401,754. This trade represents a 22,805.02% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Cheetah Net Supply Chain Service Stock Performance

NASDAQ CTNT opened at $1.59 on Friday. Cheetah Net Supply Chain Service Inc. has a 1 year low of $1.47 and a 1 year high of $424.00. 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 capitalization of $4.70 million, a PE ratio of -0.01 and a beta of -0.89. The company has a fifty day moving average of $28.40 and a 200 day moving average of $185.09.

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

Institutional Investors Weigh In On Cheetah Net Supply Chain Service

A hedge fund recently bought a new stake in Cheetah Net Supply Chain Service stock. Two Sigma Investments LP bought a new stake in shares of Cheetah Net Supply Chain Service Inc. (NASDAQ:CTNT) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 17,750 shares of the company’s stock, valued at approximately $32,000. Two Sigma Investments LP owned 0.65% of Cheetah Net Supply Chain Service as of its most recent SEC filing. Institutional investors own 0.04% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen raised shares of Cheetah Net Supply Chain Service to a “hold” rating in a research note on Saturday, May 23rd. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company has a consensus rating of “Sell”.

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.