Cheetah Net Supply Chain Service (NASDAQ:CTNT) Posts Quarterly Earnings Results, Misses Estimates By $0.07 EPS

Cheetah Net Supply Chain Service (NASDAQ:CTNT) issued its quarterly earnings results on Friday. The company reported ($0.32) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.25) by ($0.07), FiscalAI reports. The firm had revenue of $0.09 million during the quarter, compared to the consensus estimate of $0.30 million. Cheetah Net Supply Chain Service had a negative net margin of 333.29% and a negative return on equity of 35.67%.

Cheetah Net Supply Chain Service Stock Performance

NASDAQ CTNT traded up $0.05 during trading hours on Friday, reaching $1.53. The company’s stock had a trading volume of 418,458 shares, compared to its average volume of 78,244. The company has a current ratio of 7.51, a quick ratio of 7.51 and a debt-to-equity ratio of 0.06. The business has a 50-day simple moving average of $1.35 and a 200 day simple moving average of $1.48. Cheetah Net Supply Chain Service has a 52 week low of $1.03 and a 52 week high of $2.31. The stock has a market cap of $4.17 million, a PE ratio of -1.91 and a beta of 1.46.

Institutional Trading of Cheetah Net Supply Chain Service

A hedge fund recently raised its stake in Cheetah Net Supply Chain Service stock. Citadel Advisors LLC raised its position in shares of Cheetah Net Supply Chain Service Inc. (NASDAQ:CTNT) by 106.6% in the third quarter, according to the company in its most recent 13F filing with the SEC. 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 about 1.72% of Cheetah Net Supply Chain Service worth $83,000 as of its most recent SEC filing. Institutional investors and hedge funds own 0.04% of the company’s stock.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Cheetah Net Supply Chain Service in a report on Wednesday, January 21st. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Cheetah Net Supply Chain Service presently has a consensus rating of “Sell”.

About Cheetah Net Supply Chain Service

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.