Cheetah Net Supply Chain Service
CTNT
Market cap $4.96M

2.04 USD

-0.02

0.97%

At close Nov 15, 4:00 PM EST

Pre-market

2.01

-0.03

1.47%

1 day

-0.97%

5 days

-18.40%

1 month

-40.70%

3 months

-40.70%

6 months

-98.17%

Year to date

-89.88%

1 year

-91.21%

5 years

-98.15%

10 years

-98.15%

About: Cheetah Net Supply Chain Service Inc is a supplier of parallel-import vehicles sourced in the U.S. to be sold in the China market. The parallel-import vehicles refer to those purchased by dealers directly from overseas markets and imported for sale through channels other than brand manufacturers' official distribution systems. The company purchases automobiles, luxury brands such as Mercedes, BMW, Porsche, Lexus, and Bentley, from the U.S. market and resells them to customers, including both U.S. and PRC parallel-import car dealers. The company derives profits from the price difference between buying and selling prices for parallel-import vehicles.

Employees: 20

Consumer Discretionary Motor Vehicles & Motor Vehicle Parts & Supplies

0

Funds holding %

of 6,704 funds

–

Analysts bullish %

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

20% more first-time investments, than exits

New positions opened: 6 | Existing positions closed: 5

9% more funds holding

Funds holding: 11 [Q2] → 12 (+1) [Q3]

0.45% more ownership

Funds ownership: 2.52% [Q2] → 2.97% (+0.45%) [Q3]

24% less capital invested

Capital invested by funds: $253K [Q2] → $193K (-$60.5K) [Q3]

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Research analyst outlook

We haven’t received any recent analyst ratings for CTNT.

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Financial journalist opinion

Cheetah Net Supply Chain Service Inc. Announces Third Quarter 2024 Results and Provides Corporate Update

IRVINE, Calif., Nov. 13, 2024 (GLOBE NEWSWIRE) -- Cheetah Net Supply Chain Service Inc. (“Cheetah” or the “Company”) (Nasdaq CM: CTNT), a provider of warehousing and logistics, today reported results for the quarter ended September 30, 2024 and provided a corporate update.

Cheetah Net Supply Chain Service Inc. Announces Third Quarter 2024 Results and Provides Corporate Update

Cheetah Net Supply Chain Service Inc. Announces Second Quarter 2024 Results and Provides Corporate Update

CHARLOTTE, N.C., Aug. 13, 2024 (GLOBE NEWSWIRE) -- Cheetah Net Supply Chain Service Inc. (“Cheetah” or “the Company”) (Nasdaq CM: CTNT), a provider of warehousing and logistics services and a seller of parallel-import vehicles sourced from the U.S. market and sold into the People's Republic of China (the “PRC”), today reported results for the quarter ended June 30, 2024 and provided a corporate update.

Cheetah Net Supply Chain Service Inc. Announces Second Quarter 2024 Results and Provides Corporate Update

Cheetah Net Supply Chain Service Inc. Announces Closing of $1.49 Million Follow-on Public Offering

CHARLOTTE, N.C., July 26, 2024 (GLOBE NEWSWIRE) -- Cheetah Net Supply Chain Service Inc. (“Cheetah Net” or the “Company”) (NASDAQ: CTNT), a provider of warehousing and logistics services, historically in connection with the sale of parallel-import vehicles sourced in the U.S. to be sold in the PRC market, and more recently for the transportation of other goods between the U.S. and the PRC, today announced the closing of its follow-on offering of 6,479,663 shares of Class A common stock of approximately $1.49 million in gross proceeds, before deducting offering related fees and expenses, as previously announced on July 25, 2024.

Cheetah Net Supply Chain Service Inc. Announces Closing of $1.49 Million Follow-on Public Offering

Cheetah Net Supply Chain Service Inc. Announces Pricing of $1.49 Million Follow-on Public Offering

CHARLOTTE, N.C., July 25, 2024 (GLOBE NEWSWIRE) -- Cheetah Net Supply Chain Service Inc. (“Cheetah Net” or the “Company”) (NASDAQ: CTNT), a provider of warehousing and logistics services, historically in connection with the sale of parallel-import vehicles sourced in the U.S. to be sold in the PRC market, and more recently for the transportation of other goods between the U.S. and the PRC, today announced that it has entered into a securities purchase agreement with certain investors for a follow-on offering of 6,479,663 shares of Class A common stock, at a price of $0.23 per share, for gross proceeds of approximately $1.49 million, before deducting offering related fees and expenses.

Cheetah Net Supply Chain Service Inc. Announces Pricing of $1.49 Million Follow-on Public Offering

Cheetah Net Moves Its Headquarters to Los Angeles

CHARLOTTE, N.C., June 28, 2024 (GLOBE NEWSWIRE) -- Cheetah Net Supply Chain Service Inc. (“Cheetah Net” or “the Company”) (NASDAQ: CTNT) announced today that it intends to relocate its headquarters from North Carolina to Los Angeles (“LA”), the largest hub for import, export, and supply chain operations in the United States. The Company anticipates that this relocation will open significant opportunities in supply chain finance for Cheetah Net. The Company cited several strategic reasons for this move:

Cheetah Net Moves Its Headquarters to Los Angeles

Cheetah Net Supply Chain Service Inc. Announces Closing of $8.19 Million Follow-on Public Offering

CHARLOTTE, N.C., May 15, 2024 (GLOBE NEWSWIRE) -- Cheetah Net Supply Chain Service Inc. (“Cheetah Net” or the “Company”) (NASDAQ: CTNT), a supplier of parallel-import vehicles sourced in the U.S. to be sold in the PRC market and a logistics and warehouse service provider, today announced the closing of its follow-on offering of 13,210,000 shares of Class A common stock. Each share of Class A common stock was sold at an offering price of $0.62, for gross proceeds of $8.19 million, before deducting placement agent fees and other offering fees and expenses. All the shares of Class A common stock were offered by the Company.

Cheetah Net Supply Chain Service Inc. Announces Closing of $8.19 Million Follow-on Public Offering

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Why Is Cheetah Net (CTNT) Stock Up 200% Today?

Parallel-import vehicle specialist Cheetah Net Supply Chain Service (NASDAQ: CTNT ) — which sources popular automotive brands in the U.S. to be sold in China — is enjoying a dramatically positive swing higher in the market. Interestingly, the rise in CTNT stock comes amid disappointing company-specific news.

Why Is Cheetah Net (CTNT) Stock Up 200% Today?

Cheetah Net Supply Chain Service Inc. Announces Pricing of $8.19 Million Follow-on Public Offering

CHARLOTTE, N.C., May 14, 2024 (GLOBE NEWSWIRE) -- Cheetah Net Supply Chain Service Inc. (“Cheetah Net” or the “Company”) (NASDAQ: CTNT), a supplier of parallel-import vehicles sourced in the U.S. to be sold in the PRC market and a logistic and warehouse service provider, today announced the pricing of its follow-on offering of 13,210,000 shares of Class A common stock. Each share of Class A common stock is being sold at an offering price of $0.62, for gross proceeds of $8,190,200, before deducting placement agent fees and other offering fees and expenses. All shares of Class A common stock are being offered by the Company.

Cheetah Net Supply Chain Service Inc. Announces Pricing of $8.19 Million Follow-on Public Offering

Cheetah Net Supply Chain Service Inc. Announces 1st Quarter 2024 Results and Provides Corporate Update

CHARLOTTE, N.C., May 13, 2024 (GLOBE NEWSWIRE) -- Cheetah Net Supply Chain Service Inc. (“Cheetah” or the “Company”) (Nasdaq CM: CTNT), a supplier of parallel-import vehicles sourced in the U.S. to be sold in the People's Republic of China (the “PRC”) market, today reported results for the quarter ended March 31, 2024 and provided a corporate update.

Cheetah Net Supply Chain Service Inc. Announces 1st Quarter 2024 Results and Provides Corporate Update

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