Cango: The Rally May Have Much Further To Go

  • CANG has seen its stock rally in recent months, but there is reason to believe it is not too late to get in on what could be a bargain. The rise in the stock was triggered by a reversal in the price of Bitcoin, but, while Bitcoin has done well lately, there is more to be aware of. CANG reported a loss in the most recent report, but it is likely to be a one-off event and CANG could even be undervalued based on the balance sheet.