An Analysis Of Cenntro Electric Group Limited (CENN)’s Weekly Performance


As of Wednesday close, Cenntro Electric Group Limited’s (NASDAQ:CENN) stock was down -$0.01, moving down -4.19 percent to $0.31. The average number of shares traded per day over the past five days has been 2,280,800 shares. 1 time new highs have been achieved over the past 5 days, with a -$0.0527 fall in that time frame. In the last twenty days, the average volume was 1,630,850, while in the previous 50 days, it was 1,693,712.

Since last month, CENN stock retreated -11.84%. Shares of the company fell to $0.3013 on 05/24/23, the lowest level in the past month. A 52-week high of $2.27 was reached on 02/06/23 after having rallying from a 52-week low of $0.26. Since the beginning of this year, CENN’s stock price has dropped by -29.41% or -$0.1294, and marked a new high 13 times. However, the stock has declined by -86.32% since its 52-week high.

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Valuation Metrics

The stock’s beta is 1.47. Besides these, the trailing price-to-sales (P/S) ratio of 7.89, the price-to-book (PB) ratio of 0.34.

Financial Health

In the recent quarter, Cenntro Electric Group Limited’s quick ratio stood at 12.60, while its current ratio was 13.90, showing that the company is able to pay off its debt. Based on annual data, CENN earned $1.5 million in gross profit and brought in $8.58 million in revenue.

CENN’s revenue rose 100.0% during the quarter, while net income inched up to $8.58 million. The liabilities of Cenntro Electric Group Limited were 23.99 million at the end of its most recent quarter, and its total debt was $8.51 million.

Technical Picture

This quick technical analysis looks at Cenntro Electric Group Limited’s (CENN) price momentum. With a historical volatility rate of 50.58%, the RSI 9-day stood at 27.57% on 24 May.

With respect to its five-day moving average, the current Cenntro Electric Group Limited price is down by -14.51% percent or -$0.0527. At present, CENN shares trade -12.61% below its 20-day simple moving average and -24.21% percent below its 100-day simple moving average. However, the stock is currently trading approximately -29.43% below its SMA50 and -80.34% below its SMA200.

Stochastic coefficient K was 8.28% and Stochastic coefficient D was 18.18%, while ATR was 0.0256. Given the Stochastic reading of 8.56% for the 14-day period, the RSI (14) reading has been calculated as 32.27%. As of today, the MACD Oscillator reading stands at -0.0200, while the 14-day reading stands at -0.0333.

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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