Last Updated: 19 Sep 2024
Executive Summary
Cheche Group Inc. (CCG) is a Chinese insurance agency and brokerage firm. The company's latest stock price is $0.8, and it has a market capitalization of $59.94 million. CCG has been facing financial challenges, with negative EBITDA and EPS. However, the company's revenue has grown slightly in the past year.
Company Overview
Cheche Group Inc. is a leading insurance agency and brokerage firm in China. The company provides a wide range of insurance products and services, including auto insurance, property insurance, and health insurance. CCG also offers financial planning and investment services. The company has a network of over 10,000 agents and brokers across China.
Fundamental Analysis
CCG's financial performance has been mixed in recent years. The company's revenue has grown slightly in the past year, but its profitability has declined. CCG's EBITDA was negative $151.5 million in the past 12 months, and its EPS was negative $1.48. The company's profit margin is -0.0427%, and its operating margin is -0.0297%. CCG's return on assets is -0.11%, and its return on equity is -0.46%.
CCG's financial leverage is relatively low. The company's debt-to-equity ratio is 0.25, and its interest coverage ratio is 3.2. However, CCG's cash flow from operations is negative, which could be a concern for investors.
Technical Analysis
CCG's stock price has been in a downtrend in recent years. The stock price is currently trading below its 50-day and 200-day moving averages. The stock's relative strength index (RSI) is 28.5, which indicates that the stock is oversold.
Short Term Outlook
CCG's short-term outlook is uncertain. The company's financial performance has been weak, and its stock price has been in a downtrend. However, the stock's RSI is oversold, which could indicate that a rebound is possible.
Long Term Outlook
CCG's long-term outlook is also uncertain. The company's financial performance has been weak, and it faces competition from larger insurance companies. However, CCG has a strong market position in China, and it could benefit from the growing demand for insurance products and services in the country.
Analyst Recommendations
Analysts are divided on CCG's stock. Some analysts believe that the stock is undervalued and has upside potential. Other analysts believe that the stock is risky and should be avoided.
