At Current Price, Is It Too Late To Buy TuanChe Limited (TC)?

On Thursday, shares of TuanChe Limited (NASDAQ:TC) marked $6.03 per share versus a previous $3.04 closing price. With having a 98.36% gain, an insight into the fundamental values of TuanChe Limited, investors would also find a great ally in the technical patterns of the stock movements showed in stock charts. TC showed a rise of 5.42% within its YTD performance, with highs and lows between $2.70 – $10.95 during the period of 52 weeks, compared to the simple moving average of 8.91% in the period of the last 200 days.

Maxim Group equity researchers changed the status of TuanChe Limited (NASDAQ: TC) shares to a “Buy” rating in the report published on May 21st, 2019. Other analysts, including Maxim Group, also published their reports on TC shares. Maxim Group repeated the rating from the previous report, marking TC under “Buy” rating, in the report published on February 5th, 2019.

TuanChe Limited (TC) Analysis

The present dividend yield for TC owners is set at 0, marking the return investors will get regardless of the company’s performance in the upcoming period. In addition, the growth of sales from quarter to quarter is recording -92.10%, hinting the company’s progress in the upcoming progress.

In order to gain a clear insight on the performance of TuanChe Limited (TC) as it may occur in the future, there are more than several well-rounded types of analysis and research techniques, while equity is most certainly one of the more important indicators into the company’s growth and performance. In this case, you want to make sure that the return on the present equity of -55.00% is enough for you to make a profit out of your investment. You may also count in the quick ratio of the company, currently set at 3.20 so you would make sure that the company is able to cover the debts it may have, which can be easily seen in annual reports of the company.

Set to affect the volatility of a given stock, the average volume can also be a valuable indicator, while TC is currently recording an average of 15.09K in volumes. The volatility of the stock on monthly basis is set at 21.21%, while the weekly volatility levels are marked at 47.95%with 83.89% of gain in the last seven days.

What to Look for When Analyzing TuanChe Limited Shares?

TuanChe Limited (TC) is based in the China and it represents one of the well-known company operating with Communication Services sector. If you wish to compare TC shares with other companies under Electronic Equipment and Consumer Goods, a factor to note is the P/E value of for TuanChe Limited, while the value 301.50 can represent an indicator in the future growth of the company in terms of investor’s expectations. The later value should have a steady growth rate, increasing and growing gradually, which serves the purpose of reliably showcasing the progress of the company. The value -0.42 is supported by the yearly EPS growth of -123.20%.

Besides from looking into the fundamentals, you should also note the number of people inside the company owning the shares, as the values should be in line with the expectations of investors. In that spirit, the present ownership of stocks inside the company is set at 0.22%, which can provide you with an insight of how involved executives are in owning shares of the company. In oppose to the executives’ share, the institutional ownership counts 0.90% of shares, carrying an equal significance as an indicator of value, as the presence of large investors may signal a strong company.

Are Institutional Investors Increasing Stakes in TC Shares?

It appears that more than several institutional investors and hedge funds decided to increase stakes in TC in the recent period. That is how JPMorgan Securities LLC now has an increase position in TC by 9.09% in the first quarter, owning 468995 shares of TC stocks, with the value of $355498 after the purchase of an additional 39,095 shares during the last quarter. In the meanwhile, G1 Execution Services LLC also increased their stake in TC shares changed — in the first quarter, which means that the company now owns 12192 shares of company, all valued at $9242 after the acquisition of additional 12,192 shares during the last quarter.

UBS Securities LLC acquired a new position in TuanChe Limited during the first quarter, with the value of $927. At the present, 0.90% of TC shares are in the ownership of institutional investors.