Cheetah Net Supply Chain Service (NASDAQ:CTNT) Issues Quarterly Earnings Results, Misses Expectations By $0.02 EPS

Cheetah Net Supply Chain Service (NASDAQ:CTNT) announced its earnings results on Tuesday. The company reported ($0.03) EPS for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.02), Zacks reports. The business had revenue of $0.29 million for the quarter. Cheetah Net Supply Chain Service had a negative net margin of 1.24% and a negative return on equity of 6.23%.

Cheetah Net Supply Chain Service Price Performance

Cheetah Net Supply Chain Service stock traded down $0.00 during mid-day trading on Thursday, hitting $0.21. The stock had a trading volume of 149,118 shares, compared to its average volume of 2,806,378. Cheetah Net Supply Chain Service has a one year low of $0.20 and a one year high of $14.76. The company has a current ratio of 5.08, a quick ratio of 4.95 and a debt-to-equity ratio of 0.09. The firm has a market capitalization of $3.77 million and a P/E ratio of -21.08. The firm’s 50 day moving average is $0.42 and its 200 day moving average is $1.44.

Wall Street Analysts Forecast Growth

Separately, Maxim Group restated a “hold” rating on shares of Cheetah Net Supply Chain Service in a research report on Wednesday, May 15th.

Insider Buying and Selling at Cheetah Net Supply Chain Service

In related news, major shareholder Xiaolin Tang sold 1,500,000 shares of the business’s stock in a transaction that occurred on Thursday, May 23rd. The stock was sold at an average price of $1.06, for a total value of $1,590,000.00. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 54.72% of the company’s stock.

Cheetah Net Supply Chain Service Company Profile

Cheetah Net Supply Chain Service Inc, together with its subsidiaries, supplies parallel-import vehicles in the United States, the People's Republic of China, and internationally. It purchases and resell branded automobiles under the Mercedes, Lexus, Range Rover, RAM and Toyota brands. The company was formerly known as Yuan Qiu Business Group LLC and changed its name to Cheetah Net Supply Chain Service Inc in March 2022.