Cheetah Net Supply Chain Service (NASDAQ:CTNT) Releases Earnings Results, Beats Expectations By $20.27 EPS

Cheetah Net Supply Chain Service (NASDAQ:CTNT) posted its earnings results on Friday. The company reported ($11.23) earnings per share for the quarter, topping analysts’ consensus estimates of ($31.50) by $20.27, FiscalAI reports. The company had revenue of $3.56 million during the quarter, compared to the consensus estimate of $0.60 million. Cheetah Net Supply Chain Service had a negative return on equity of 7.88% and a negative net margin of 206.70%.

Cheetah Net Supply Chain Service Price Performance

NASDAQ CTNT traded up $0.01 during midday trading on Friday, hitting $1.61. The company had a trading volume of 91,399 shares, compared to its average volume of 175,730. The company has a market capitalization of $2.14 million, a PE ratio of -0.00 and a beta of -0.58. The company has a current ratio of 47.56, a quick ratio of 47.56 and a debt-to-equity ratio of 0.01. The firm has a 50-day moving average price of $24.69 and a 200-day moving average price of $11,742.89. Cheetah Net Supply Chain Service has a twelve month low of $1.52 and a twelve month high of $63,600.00.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Cheetah Net Supply Chain Service in a research note on Monday, September 14th. One equities research analyst has rated the stock with a Sell rating. According to data from MarketBeat.com, the stock has a consensus rating of “Sell”.

Insider Buying and Selling at Cheetah Net Supply Chain Service

In related news, insider Huan Liu bought 100,000 shares of Cheetah Net Supply Chain Service stock in a transaction dated Friday, October 9th. The shares were bought at an average cost of $3.30 per share, with a total value of $330,000.00. Following the acquisition, the insider owned 101,340 shares in the company, valued at $334,422. This trade represents a 7,462.69% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. Insiders own 7.05% of the company’s stock.

About Cheetah Net Supply Chain Service

Cheetah Net Supply Chain Service Inc. (NASDAQ: CTNT) is an automotive supply chain services company focused on the parallel-import vehicle market. Through its operating subsidiaries, the company sources vehicles from overseas suppliers and arranges their sale and delivery to customers in China. The company’s activities include vehicle procurement, export coordination, logistics management and related supply chain services. Its offerings primarily involve new vehicles purchased outside manufacturers’ official distribution networks, including vehicles from a range of international automotive brands.