Cheche Group (NASDAQ:CCG) Trading 4.2% Higher – What’s Next?

Cheche Group Inc. (NASDAQ:CCG) shares shot up 4.2% during trading on Thursday . The company traded as high as $0.4002 and last traded at $0.3901. 84,385 shares were traded during trading, a decline of 53% from the average daily volume of 180,825 shares. The stock had previously closed at $0.3743.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Cheche Group in a report on Monday, April 20th. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, Cheche Group has a consensus rating of “Sell”.

Cheche Group Stock Up 4.2%

The business’s 50 day moving average price is $0.57 and its 200-day moving average price is $0.74. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.23 and a quick ratio of 1.23. The company has a market cap of $25.13 million, a P/E ratio of -4.88 and a beta of 0.16.

Cheche Group (NASDAQ:CCG) last released its quarterly earnings results on Thursday, April 2nd. The company reported $0.02 EPS for the quarter. The business had revenue of $118.72 million for the quarter.

Hedge Funds Weigh In On Cheche Group

An institutional investor recently bought a new position in Cheche Group stock. XTX Topco Ltd bought a new position in shares of Cheche Group Inc. (NASDAQ:CCG) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 36,369 shares of the company’s stock, valued at approximately $30,000. XTX Topco Ltd owned about 0.06% of Cheche Group as of its most recent filing with the Securities & Exchange Commission. 19.76% of the stock is owned by institutional investors.

Cheche Group Company Profile

Cheche Group Inc offer auto insurance technology platform. The company evolved into a comprehensive, data-driven technology platform which offers a full suite of services and products for digital insurance transactions and insurance SaaS solutions principally in China. Cheche Group Inc, formerly known as Prime Impact, is headquartered in Beijing, China.