Cheche Group (NASDAQ:CCG) Shares Up 12.7% – Here’s What Happened

Posted by Geri Gentry on May 31st, 2026

Shares of Cheche Group Inc. (NASDAQ:CCG – Get Free Report) shot up 12.7% during mid-day trading on Friday . The company traded as high as $0.68 and last traded at $0.62. 312,820 shares changed hands during mid-day trading, an increase of 269% from the average session volume of 84,727 shares. The stock had previously closed at $0.5501.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Cheche Group in a research report on Monday, April 20th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Cheche Group presently has a consensus rating of “Sell”.

View Our Latest Analysis on CCG

Cheche Group Stock Up 12.7%

The company has a quick ratio of 1.23, a current ratio of 1.23 and a debt-to-equity ratio of 0.03. The business has a 50-day moving average price of $0.71 and a 200-day moving average price of $0.81. The firm has a market capitalization of $39.94 million, a PE ratio of -7.75 and a beta of 0.18.

Cheche Group (NASDAQ:CCG – Get Free Report) last issued its quarterly earnings data on Thursday, April 2nd. The company reported $0.02 earnings per share for the quarter. The business had revenue of $118.72 million during the quarter.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Cheche Group stock. XTX Topco Ltd acquired a new position in Cheche Group Inc. (NASDAQ:CCG – Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 36,369 shares of the company’s stock, valued at approximately $30,000. XTX Topco Ltd owned 0.06% of Cheche Group as of its most recent filing with the Securities & Exchange Commission. Hedge funds and other institutional investors own 19.76% of the company’s stock.

About Cheche Group

(Get Free Report)

Cheche Group Inc offer auto insurance technology platform. The company evolved into a comprehensive, data-driven technology platform which offers a full suite of services and products for digital insurance transactions and insurance SaaS solutions principally in China. Cheche Group Inc, formerly known as Prime Impact, is headquartered in Beijing, China.