Cheetah Net(CTNT) Plunges 9.60% to October 2024 Low

Cheetah Net(CTNT) shares surged 1.60% over the past two days, marking a consecutive two-day rally with a total gain of 1.60%. However, the stock price plummeted to its lowest level since October 2024 today, experiencing an intraday decline of 9.60%.

The strategy of buying CTNT shares after they reached a recent low and holding for one week resulted in significant underperformance. Over the past five years, the strategy yielded a return of -99.74%, compared to a benchmark return of 33.70%. The excess return was -133.44%, and the strategy's CAGR was -95.79%. Additionally, the strategy had a high maximum drawdown of -99.75% and a Sharpe ratio of -0.45, indicating a challenging risk-return profile.

Cheetah Net Supply Chain Service Inc. (CTNT) has faced significant challenges in recent months, as it was identified as one of the two worst-performing stocks in the S&P 500 over the past month. This underperformance highlights the company's struggles in maintaining a strong market position amidst competitive pressures and shifting market dynamics.

In addition to its recent market struggles, Cheetah Net has also experienced notable volatility in its stock price over the past year. The company's shares have navigated through significant highs and lows, reflecting the broader market's fluctuations and investor sentiment towards the tech sector. This volatility has contributed to the stock's overall decline, as investors remain cautious about the company's future prospects.