At the last check on Friday, Cenntro Electric Group Limited’s (NASDAQ:CENN) stock was down -$0.01, moving down -4.11 percent to $0.37. The average number of shares traded per day over the past five days has been 1,776,946 shares. 2 times new highs have been achieved over the past 5 days, with a $0.0006 gain in that time frame. In the last twenty days, the average volume was 2,622,202, while in the previous 50 days, it was 3,245,955.
Since last month, CENN stock rose 12.12%. Shares of the company fell to $0.3222 on 07/06/23, the lowest level in the past month. A 52-week high of $1.74 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 -16.77% or -$0.0725, and marked a new high 13 times. However, the stock has declined by -78.95% since its 52-week high.
Valuation Metrics
The stock’s beta is 1.54. Besides these, the trailing price-to-sales (P/S) ratio of 9.75, the price-to-book (PB) ratio of 0.69.
Financial Health
In the recent quarter, Cenntro Electric Group Limited’s quick ratio stood at 3.70, while its current ratio was 4.90, showing that the company is able to pay off its debt. On the profitability front, the trailing twelve-month gross margin is -6.40% percent. Based on annual data, CENN earned -$0.51 million in gross profit and brought in $8.94 million in revenue.
CENN’s revenue rose 100.0% to $8.94 million during the quarter, while net income inched up to $3.47 million. The liabilities of Cenntro Electric Group Limited were 58.54 million at the end of its most recent quarter, and its total debt was $32.32 million. The value of shareholders’ equity is $304.45 million.
Technical Picture
This quick technical analysis looks at Cenntro Electric Group Limited’s (CENN) price momentum. With a historical volatility rate of 111.83%, the RSI 9-day stood at 44.55% on 03 August.
With respect to its five-day moving average, the current Cenntro Electric Group Limited price is up by +0.16% percent or $0.0006. At present, CENN shares trade -6.73% below its 20-day simple moving average and -16.80% percent below its 100-day simple moving average. However, the stock is currently trading approximately +13.36% above its SMA50 and -63.61% below its SMA200.
Stochastic coefficient K was 28.47% and Stochastic coefficient D was 34.67%, while ATR was 0.0410. Given the Stochastic reading of 24.83% for the 14-day period, the RSI (14) reading has been calculated as 47.48%.
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.
