Cenntro Electric Group Limited (NASDAQ: CENN) stock has achieved $0.5775 in the past week

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Cenntro Electric Group Limited (NASDAQ:CENN) saw an upside of 6.18% to close Monday at $0.56 after adding $0.03 on the day. The 5-day average trading volume is 5,183,240 shares of the company’s common stock. It has gained $0.5775 in the past week and touched a new high 2 times within the past 5 days. An average of 8,780,605 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 6,984,596.

CENN’s 1-month performance is 109.81% or $0.2393 on its low of $0.3120 reached on 12/27/22. The company’s shares have touched a 52-week low of $0.26 and high of $3.00, with the stock’s rally to the 52-week high happening on 01/18/23. YTD, CENN has achieved 26.89% or $0.1183 and has reached a new high 7 times. However, the current price is down -81.39% from the 52-week high price.

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Valuation Metrics

CENN stock has a beta of 1.26. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 12.60 while the price-to-book (PB) in the most recent quarter is 0.61.

Cenntro Electric Group Limited’s quick ratio for the recent period was 12.60, with the current ratio over the same period at 13.90. The firm’s gross profit as reported stood at $1.5 million against revenue of $8.58 million.

Earnings Surprise

Net income grew 100.0% to -$16.42 million, while revenue of $0.0 was 100.0% off the previous quarter. CENN stock balance sheet for the recent quarter shows that total liabilities totaled 23.99 million, with total debt at $8.51 million.

Let’s look briefly at Cenntro Electric Group Limited (CENN) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 23 January was 64.31% to suggest the stock is trending Neutral, with historical volatility in this time period at 84.38%.

The stock’s 5-day moving average is $0.5415, reflecting a +4.59% or $0.0245 change from its current price. CENN is currently trading +38.16% above its 20-day SMA, -60.40% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -39.75% and SMA200 by-73.16%.

Stochastic %K and %D was 75.99% and 78.99% and the average true range (ATR) pointed at 0.0542. The RSI (14) points at 57.41%, while the 14-day stochastic is at 90.24% with the period’s ATR at 0.0574. The stock’s 9-day MACD Oscillator is pointing at 0.0072 and 0.0467 on the 14-day charts.

Analyst Ratings

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