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

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

Analysts Set New Price Targets

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

Cheche Group Price Performance

The stock has a market capitalization 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 current ratio of 1.23 and a quick ratio of 1.23. The firm’s 50 day simple moving average is $0.50 and its 200 day simple moving average is $0.69.

Institutional Trading of Cheche Group

A hedge fund recently bought a new position in Cheche Group stock. XTX Topco Ltd purchased a new stake in shares of Cheche Group Inc. (NASDAQ:CCG) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 36,369 shares of the company’s stock, valued at approximately $30,000. XTX Topco Ltd owned 0.06% of Cheche Group as of its most recent SEC filing. Institutional investors own 19.76% of the company’s stock.

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.