CANG Should I Buy
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Cango Inc. (CANG) is not a strong buy for a beginner, long-term investor at this time. While the company has shown significant growth in net income and EPS in the latest quarter, the technical indicators are bearish, and there are no strong trading signals or recent positive news catalysts. The stock's recent price movement and lack of clear upward momentum suggest that it may not be an optimal entry point for long-term investment.
The technical indicators for CANG are bearish. The MACD histogram is below 0 and negatively contracting, the RSI is neutral at 36.677, and the moving averages are bearish (SMA_200 > SMA_20 > SMA_5). The stock is trading below its pivot point of 0.935, with key support at 0.805 and resistance at 1.065.
Hedge funds are increasing their positions, with a 224.94% increase in buying over the last quarter. Analysts maintain a Buy rating, citing optimism in the company's shift to Bitcoin mining and AI inferencing models. The company's financial performance in Q3 2025 shows significant growth in net income (+291.83% YoY) and EPS (+150.00% YoY).
Technical indicators are bearish, and there is no recent news to drive positive sentiment. The stock's recent price movement does not indicate strong upward momentum. Analysts have lowered price targets recently, reflecting market dynamics.
In Q3 2025, Cango reported revenue of $224.6M (flat YoY), net income of $37.3M (+291.83% YoY), EPS of 0.05 (+150.00% YoY), and a gross margin of 11.89% (flat YoY). The company has shown strong profitability growth but no revenue growth.
Analysts maintain a Buy rating but have lowered price targets recently. Greenridge lowered the price target from $4 to $3, citing optimism in the company's AI inferencing model and Bitcoin mining operations. H.C. Wainwright also lowered the price target from $8 to $3, citing rational market dynamics.
