Cheetah Net Supply Chain Service (NASDAQ:CTNT) Posts Quarterly Earnings Results, Beats Estimates By $5.47 EPS

Cheetah Net Supply Chain Service (NASDAQ:CTNT) released its earnings results on Thursday. The company reported ($4.53) earnings per share for the quarter, beating the consensus estimate of ($10.00) by $5.47, FiscalAI reports. The business 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 34.16% and a negative net margin of 283.24%.

Cheetah Net Supply Chain Service Trading Down 11.5%

CTNT stock traded down $0.26 during midday trading on Thursday, hitting $2.01. 298,780 shares of the company’s stock were exchanged, compared to its average volume of 1,606,001. The business has a 50-day simple moving average of $181.03 and a two-hundred day simple moving average of $235.91. The company has a current ratio of 6.74, a quick ratio of 6.74 and a debt-to-equity ratio of 0.06. The stock has a market capitalization of $361,800.00, a PE ratio of -0.01 and a beta of -0.61. Cheetah Net Supply Chain Service has a 1-year low of $1.95 and a 1-year high of $462.00.

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 position in shares of Cheetah Net Supply Chain Service Inc. (NASDAQ:CTNT) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 17,750 shares of the company’s stock, valued at approximately $32,000. Two Sigma Investments LP owned about 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, Weiss Ratings reiterated a “sell (e+)” rating on shares of Cheetah Net Supply Chain Service in a research report on Wednesday, January 21st. One research analyst has rated the stock with a Sell rating, According to MarketBeat, Cheetah Net Supply Chain Service has an average 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.