How Cenntro Electric Group Limited (CENN) Works From A Technical Perspective

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Cenntro Electric Group Limited (NASDAQ:CENN) finished Thursday with a subtraction of -$0.02 to close at $0.41, a downside of -3.64 percent. An average of 17,983,359 shares of common stock have been traded in the last five days. There was a gain of $0.0057 in the past week, and it reached a new high 1 time over the past 12 months. The last 20 days have seen an average of 10,892,250 shares traded, while the 50-day average volume stands at 5,897,352.

CENN stock has decreased by -33.90% in the last month. The company shares reached their 1-month lowest point of $0.2600 on 12/20/22. With the stock rallying to its 52-week high on 01/03/22, shares of the company touched a low of $0.26 and a high of $6.29 in 52 weeks. It has reached a new high 1 time so far this year and lost -92.35% or -$4.9502 in price. In spite of this, the price is down -93.48% from the 52-week high.


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Valuation Metrics

Cenntro Electric Group Limited (CENN) stock’s beta is 1.32. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 10.16, the price-to-book (PB) ratio at 0.45.

Financial Health

The quick ratio of Cenntro Electric Group Limited for the recent quarter was 12.60, and the current ratio was 13.90, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.00 and a total debt to equity ratio of 0.00 for the recent quarter. Its gross profit as reported stood at $1.5 million compared to revenue of $8.58 million.

Earnings Surprise

The company posted a net income of -$16.42 million in the quarter, while revenues were grew 100.0%.

Technical Picture

From a technical analysis perspective, let’s take a brief look at Cenntro Electric Group Limited (CENN) price momentum. RSI 9-day as of the close on 29 December was 46.94%, suggesting the stock is Neutral, with historical volatility in this time frame at 291.53%.

As of today, CENN’s price is $0.3769 +1.41% or $0.0057 from its 5-day moving average. CENN is currently trading -34.33% lower than its 20-day SMA and -74.06% lower than its 100-day SMA. However, the stock’s current price level is -58.43% below the SMA50 and -68.23% below the SMA200.

The stochastic %K and %D were 52.29% and 40.18%, respectively, and the average true range (ATR) was 0.0794. With the 14-day stochastic at 51.66% and the average true range at 0.0745, the RSI (14) stands at 41.07%. The stock has reached 0.0516 on the 9-day MACD Oscillator while the 14-day reading was at 0.0365.

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