Streetbeat News

CTNT

Cheetah Net Supply Chain Service Inc.

https://cheetah-net.com

Industry

Auto - Dealerships

Cheetah Net Supply Chain Service Inc., together with its subsidiaries, engages in the parallel-import vehicle dealership business in the People's Republic of China, the United States, and internationally. 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. The company was incorporated in 2016 and is headquartered in Charlotte, North Carolina. Cheetah Net Supply Chain Service Inc. operates as a subsidiary of Fairview Eastern International Holdings Limited.

Open

2.00

Mkt cap

21M

Volume

152K

High

2.32

P/E Ratio

-3.64

52-wk high

236.16

Low

1.91

Div yield

N/A

52-wk low

1.90

Cheetah Net Supply Chain Service has entered into a definitive agreement to acquire Edward Transit Express Group. The deal includes a $300,000 cash payment and shares of Cheetah's unregistered Class A common stock. The stock price for the deal is set at 80% of the average closing price over the last ten business days before the agreement. The total market value of the share consideration is $1,200,000, which will result in Cheetah owning 100% of Edward following the acquisition.

Portfolio Pulse from Benzinga Newsdesk

January 30, 2024 | 1:48 pm

Cheetah Net Supply Chain Service Inc has filed with the SEC for a public offering of its Class A common stock on a best-effort basis, with the size of the offering not disclosed.

Portfolio Pulse from Benzinga Newsdesk

December 28, 2023 | 9:19 pm

In Friday's intraday session, several consumer discretionary stocks experienced significant movements. Harbor Custom Dev (HCDIP) saw the largest increase, rising by 58.7%. Visionary Education Tech (GV) and Cheetah Net Supply Chain (CTNT) also saw notable gains. On the losing side, Kaixin Auto Hldgs (KXIN) and Ambow Education Holding (AMBO) experienced significant drops in their stock prices. Other companies like American Public Education (APEI), Esports Entertainment (GMBLP), ZHONGCHAO (ZCMD), and Regis (RGS) also saw their stock prices decline.

Portfolio Pulse from Benzinga Insights

December 15, 2023 | 5:31 pm

Maxim Group analyst Tate Sullivan has initiated coverage on Cheetah Net Supply Chain (CTNT) with a Buy rating and set a price target of $5.

Portfolio Pulse from Benzinga Newsdesk

December 13, 2023 | 6:02 pm

In Monday's intraday session, several consumer discretionary stocks experienced significant movements. Yoshiharu Global (YOSH) saw a 22.9% increase, Canoo (GOEV) rose 21.12%, and Cazoo Gr (CZOO) went up by 19.92%, all following their Q3 earnings reports released 4 days ago. Purple Innovation (PRPL) increased by 16.27%, Cheetah Net Supply Chain (CTNT) by 14.53%, and Solo Brands (DTC) by 13.33%. On the downside, Zapp Electric Vehicles (ZAPP) dropped 31.7%, Allurion Technologies (ALUR) by 10.81%, Greenlane Hldgs (GNLN) by 10.5%, MGO Global (MGOL) by 10.01%, Newegg Commerce (NEGG) by 9.99%, and Jianzhi Education Tech (JZ) by 8.73%.

Portfolio Pulse from Benzinga Insights

November 20, 2023 | 5:31 pm

Cheetah Net Supply Chain Services has signed a Letter of Intent to acquire Edward Transit Express Group for $1.5M, with the payment comprising $300K in cash and $1.2M in Cheetah's Class A Common Stock.

Portfolio Pulse from Benzinga Newsdesk

November 16, 2023 | 1:34 pm

In Monday's intraday session, several consumer discretionary stocks experienced significant movements. Singing Machine Co (MICS), Cenntro Electric Gr (CENN), and Envirotech Vehicles (EVTV) were among the gainers, with shares rising up to 20%. On the losing side, Golden Heaven Group Hldgs (GDHG) and 2U (TWOU) saw shares drop by over 12%. Recent earnings releases appear to have influenced stock performance for companies like Cheetah Net Supply Chain (CTNT), FAT Brands (FATBB), Fossil Group (FOSL), ECARX Holdings (ECX), RealReal (REAL), and Cazoo Gr (CZOO).

Portfolio Pulse from Benzinga Insights

November 13, 2023 | 5:31 pm

Cheetah Net Supply Chain (NASDAQ:CTNT) reported a decrease in Q3 earnings and sales YoY. Earnings per share fell by 85.71% to $0.01 from $0.07, and sales decreased by 15.73% to $10.04 million from $11.91 million.

Portfolio Pulse from Benzinga Newsdesk

November 09, 2023 | 10:43 pm

During Thursday's intraday session, several consumer discretionary stocks experienced significant movements. Fitell, Full House Resorts, Carrols Restaurant Group, Duolingo, RealReal, and Zapp Electric Vehicles saw their shares increase, with Fitell leading the gainers with a 31.5% rise. On the other hand, Fossil Group, Inspired Entertainment, Allbirds, Cheetah Net Supply Chain, BARK, and Traeger saw their shares fall, with Fossil Group leading the losers with a 31.5% drop. Most of these movements were influenced by the release of Q3 earnings reports.

Portfolio Pulse from Benzinga Insights

November 09, 2023 | 5:31 pm

Several stocks experienced significant movement in Monday's mid-day trading session. Notably, Bluegreen Vacations Holding Corporation (NYSE:BVH) saw a 105.8% increase to $73.11 after announcing its acquisition by Hilton Grand Vacations at $75 per share. Carbon Revolution Public Limited (NASDAQ:CREV) shares jumped 396.2% to $145.49 following a merger with Twin Ridge Capital Acquisition Corp. Verb Technology Company, Inc. (NASDAQ:VERB) shares climbed 59.5% to $0.4086 amid the company announcing new technology integrations for its MARKET.live platform. On the downside, DISH Network Corporation (NASDAQ:DISH) fell 19% to $4.4496 after the company reported third-quarter results and the CEO announced his resignation.

Portfolio Pulse from Lisa Levin

November 06, 2023 | 6:36 pm

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