Ctnt Stock – What To Know About The Company and Its Stock

In the last few years, investing in various stocks with high liquidity has become the daily routine of many enthusiastic investors. The Ctnt stock has attracted significant interest for several reasons. 

First, the company is known in its industry as one of the leaders and the most reliable companies. It’s name is Cheetah Net Supply Chain Service Inc. 

What is very interesting about this company is that it creates a standard approach and utilizes its proven methods for international trade. 

Before we give you all the crucial information, such as the Ctnt Stock price and whether it’s a good investment option nowadays, let’s get acquainted with the company itself.

What is Cheetah Net Supply Chain Service all about? 

Cheetah Net Supply Chain Service Inc. (CTNT) is a leading logistics firm specializing in the parallel import of luxury vehicles from the United States to China. The company operates differently from traditional car dealerships by sourcing high-end automobiles through unofficial channels, bypassing the official brand distribution networks.

The company’s strategy focuses on the high-end automotive market in China, catering to the growing demand for premium vehicles. Thus, by bypassing traditional distribution methods and streamlining its supply chain, CTNT ensures an efficient process for bringing luxury cars to the Chinese market.

CTNT’s core business is importing luxury cars like Mercedes, BMW, and Bentley. The companyalso acquires these vehicles from the U.S. through a network of independent contractors who act as purchasing agents. Allen-Boy International LLC, Canaan International LLC, and others are among its subsidiaries. Once the company imports the vehicles, it distributes them to dealers in China, who then sell them to end consumers.

Brief information about the Ctnt company

• Huan Liu is the Board’s Chairman and CEO of the Cheetah Net Supply Chain Service Inc. company. 
• Robert Cook is the Chief Financial Officer, while Walter Folker is the Vice President of Procurement. 
• The company’s officompany’s6201 Fairview Road, Suite 225, Charlotte, NC 28210, United States. 
• It imports luxury vehicles from the U.S. to China, bypassing official brand channels. With its subsidiaries, the company buys high-end brands like Mercedes, BMW, Porsche, Lexus, and Bentley and sells them to dealers in the U.S. and China.

Ctnt Stock News: Today 

Here is all the crucial information regarding the CTNT Stock buy and sell, current price, Range, after-hours data, and much more you need to be well informed about.

Keep in mind that this information is Last Updated on August 16, 2024, at 4:47 a.m. EDT, and you should always re-check this data live online:

• Here’s the latest overview of CTNT stock, providing essential details on its current performance, trading range, and key metrics:Current Stock Information (as of the latest update):
  • Current Price: $0.21
  • Change: +$0.01 (+4.76%)
  • Previous Close: $0.21

  Trading Range:

  • Day Range: $0.21 – $0.22
  • 52-Week Range: $0.20 – $14.76

  Market Data:

  • Market Cap: $8.39 million
  • Shares Outstanding: 30.63 million
  • Public Float: 26.71 million
  • Beta: 0.48 (indicating relatively low volatility compared to the broader market)
  • Primary Exchange: NASDAQ

  Performance Metrics:

  • Open Price: $0.2138
  • Average Volume: 2.80 million shares
  • Current Volume: 1.02 million shares (15% below average)
  • Short Interest: 444,050 shares (1.66% of float)
  • EPS: -$0.0551 (Negative earnings per share)
  • P/E Ratio: Not Available
  • Dividend Yield: Not Available
  • Ex-Dividend Date: Not Applicable

  Performance:

  • 5 Day Change: -3.89%
  • 1 Month Change: -50.61%
  • 3 Month Change: -98.01%
  • Year-to-Date Change: -83.47%
  • 1 Year Change: -90.45%

The stock’s recent performance shows significant volatility and a sharp decline over various time periods. For the most current and detailed information, be sure to check live online sources.

For more detailed information on the IPO, including the registration statement and offering terms, please visit the SEC’s official filing at this link.

Completing $1.49 M Public Offering

 Cheetah Net Supply Chain Service Inc. is a company specialising in logistics. Thus, it primarily focuses on parallel-import vehicles from the USA to China. More recently, it has focused on transporting various goods between these countries.

In addition, the company has announced the successful completion of its follow-on public offering. The offering involved 6,479,663 shares of Class A common stock, with the initiation of approximately $1.49 million in gross proceeds. Keep in mind that it all excludes fees and expenses.

Additionally, Cheetah Net Supply Chain Service plans to allocate the net proceeds from this offering towards working capital and general corporate needs.

F.T. F.T. Global Capital, Inc. serves as the exclusive placement agent for this offering. Thus, at the same time, Hunter Taubman Fischer and Li LLC have managed to provide legal counsel to the Cheetah company, and ArentFox Schiff LLP represented the placement agent.

Offered under Form S-1 and approved by the SEC

The company offered the securities under Form S-1 (File No. 333-280743), and the SEC approved them on July 15, 2024. In fact, the company also filed the final prospectus on July 26, 2024. Note that it’s available on the SEC’s website.

The offering was made only through this prospectus. Electronic copies can also be obtained from F.T. Global Capital, Inc., 1688 Meridian Avenue, Suite 700, Miami Beach, FL 33139.

What is the Ctnt stock forecast?

When evaluating CTNT stock, investors focus on two critical elements:

• Stock Forecast
• Price Target

Our expert analysts anticipate a 10.37% decline in Cheetah Net Supply Chain Service Inc. (CTNT) shares, projecting a price of $0.2089 per share.

Currently, the market sentiment is bearish. The Fear & Greed Index stands at 39, signalling uncertainty and fear among investors. Over the past month, CTNT stock has seen 30% positive trading days and has experienced 23.12% price volatility. Investors should consider these factors and stay updated on market trends before making decisions.

Is the CTNT Stock a good buy or not?

If the stock is trading 11.57% above our forecast, it may be overvalued, and those who are “Ctnt stock buy or sell” people should note that perhaps now is not a good time to buy.

Remember that this company’s Class A has company’s rating of “Hold,” at the moment. Our expert analysts are not recommending buying the Ctnt stock. 

This rating is derived from the following information:

• Having 0 buy ratings
• 1 hold rating
• 0 sell ratings. 

Also note that this lack of buy recommendations suggests that, what we’ve established on our assessments, the stock might not be a strong investment opportunity right now.

Given the current stock price trading approximately 11.57% above the forecasted value and the overall bearish market sentiment, it may be prudent for investors to exercise caution. The high volatility and significant recent price fluctuations indicate that the stock might not be a stable investment at this time.

Final Thoughts: While Cheetah Net Supply Chain Service Inc. operates in a niche market with potential opportunities in the luxury automotive sector, the current market conditions and stock performance metrics suggest that it may be wise to wait for a more favourable investment climate or clearer indicators of positive performance before committing capital.

Investors should stay informed about any future developments related to the company’s financial health, market conditions, and strategic decisions. Patience and careful stock performance monitoring are recommended to identify better investment opportunities.