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Cango ( (CANG) ) has issued an announcement.
On October 15, 2025, Cango Inc. announced its decision to terminate its American Depository Receipt (ADR) program, with the termination set for November 14, 2025. Following this, the company’s Class A ordinary shares will be listed directly on the New York Stock Exchange (NYSE) under the symbol ‘CANG’ starting November 17, 2025. This strategic move aims to allow U.S. investors to exercise their rights directly as shareholders, eliminate depositary fees, and potentially enhance the company’s institutional visibility and investor base, aligning with its strategy to become a U.S.-centric organization.
The most recent analyst rating on (CANG) stock is a Hold with a $4.50 price target. To see the full list of analyst forecasts on Cango stock, see the CANG Stock Forecast page.
Spark’s Take on CANG Stock
According to Spark, TipRanks’ AI Analyst, CANG is a Neutral.
Cango’s overall stock score reflects a mixed financial performance with improved profitability but concerns over revenue volatility and cash flow. The strategic shift to Bitcoin mining shows potential, yet significant net losses and valuation challenges weigh heavily on the score. Technical analysis provides no clear direction, further contributing to a cautious outlook.
To see Spark’s full report on CANG stock, click here.
More about Cango
Cango Inc. (NYSE: CANG) is primarily engaged in the Bitcoin mining business, with operations strategically deployed across North America, the Middle East, South America, and East Africa. The company entered the crypto asset space in November 2024, driven by advancements in blockchain technology and the growing adoption of digital assets. Additionally, Cango operates an online international used car export business through AutoCango.com, facilitating global access to high-quality vehicle inventory from China.
Average Trading Volume: 545,302
Technical Sentiment Signal: Buy
Current Market Cap: $776.4M
Find detailed analytics on CANG stock on TipRanks’ Stock Analysis page.