A Look At Insider Reactions To Cenntro Electric Group Limited (CENN)

As of Friday close, Cenntro Electric Group Limited’s (NASDAQ:CENN) stock was down -$0.07, moving down -4.40 percent to $1.52. The average number of shares traded per day over the past five days has been 2,696,100 shares. 4 times new highs have been achieved over the past 5 days, with a $0.0200 gain in that time frame. In the last twenty days, the average volume was 2,673,965, while in the previous 50 days, it was 4,483,812.

Since last month, CENN stock retreated -10.59%. Shares of the company fell to $1.4200 on 07/28/22, the lowest level in the past month. A 52-week high of $14.17 was reached on 01/03/22 after having rallying from a 52-week low of $1.05. Since the beginning of this year, CENN’s stock price has dropped by -71.64% or -$3.8400, and marked a new high 1 time. However, the stock has declined by -89.27% since its 52-week high.


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Valuation Metrics

The stock’s beta is 1.27. Besides these, the trailing price-to-sales (P/S) ratio of 44.63, the price-to-book (PB) ratio of 1.01.

Financial Health

In the recent quarter, Cenntro Electric Group Limited’s quick ratio stood at 10.30, while its current ratio was 10.60, showing that the company is able to pay off its debt. On the profitability front, the trailing twelve-month gross margin is 17.50% percent. Based on annual data, CENN earned $1.5 million in gross profit and brought in $8.58 million in revenue.

A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was -6.20%. Return on equity (ROE) for the past 12 months was -10.80%.

Technical Picture

This quick technical analysis looks at Cenntro Electric Group Limited’s (CENN) price momentum. With a historical volatility rate of 54.31%, the RSI 9-day stood at 42.86% on 05 August.

With respect to its five-day moving average, the current Cenntro Electric Group Limited price is up by +1.33% percent or $0.0200. At present, CENN shares trade -14.61% below its 20-day simple moving average and +24.59% percent above its 100-day simple moving average. However, the stock is currently trading approximately -3.80% below its SMA50 and -84.86% below its SMA200.

Stochastic coefficient K was 41.41% and Stochastic coefficient D was 37.37%, while ATR was 0.0927. Given the Stochastic reading of 30.30% for the 14-day period, the RSI (14) reading has been calculated as 43.34%. As of today, the MACD Oscillator reading stands at 0.0489.

Analyst Ratings

Cenntro Electric Group Limited (CENN) has been rated – by analysts. According to 0 brokerage firms, CENN is a sell, and 0 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate Cenntro Electric Group Limited stock as buy, with 0 recommending it as overweight.

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