Cenntro Electric Group Limited (NASDAQ:CENN) saw a downside of -2.01% to close Tuesday at $0.28 after subtracting -$0.01 on the day. The 5-day average trading volume is 1,775,120 shares of the company’s common stock. It has gained $0.3181 in the past week and touched a new high 1 time within the past 5 days. An average of 2,005,905 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 3,178,448.
CENN’s 1-month performance is -26.99% or -$0.1388 on its low of $0.2800 reached on 08/22/23. The company’s shares have touched a 52-week low of $0.26 and high of $1.52, with the stock’s rally to the 52-week high happening on 02/06/23. YTD, CENN has lost -35.86% or -$0.1578 and has reached a new high 13 times. However, the current price is down -81.43% from the 52-week high price.
Valuation Metrics
CENN stock has a beta of 1.60. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 8.35 while the price-to-book (PB) in the most recent quarter is 0.59.
Cenntro Electric Group Limited’s quick ratio for the recent period was 3.10, with the current ratio over the same period at 4.70.. In terms of profitability, the gross margin trailing 12 months is -6.40%. The firm’s gross profit as reported stood at -$0.51 million against revenue of $8.94 million.
Earnings Surprise
Net income and sales went up compared to those figures reported in the previous quarter. Net income grew 100.0% to -$14.07 million, while revenue of -$10.96 million was 22.1% off the previous quarter. EBITDA for the quarter stood at more than -$13.02 million. CENN stock balance sheet for the recent quarter shows that total liabilities totaled 59.16 million, with total debt at $32.21 million. Shareholders hold equity totaling $304.45 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 22 August was 26.75% to suggest the stock is trending oversold, with historical volatility in this time period at 32.94%.
The stock’s 5-day moving average is $0.2933, reflecting a -11.26% or -$0.0358 change from its current price. CENN is currently trading -26.59% above its 20-day SMA, -32.26% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -4.98% and SMA200 by-72.87%.
Stochastic %K and %D was 2.83% and 2.90% and the average true range (ATR) pointed at 0.0273. The RSI (14) points at 34.30%, while the 14-day stochastic is at 2.00% with the period’s ATR at 0.0305. The stock’s 9-day MACD Oscillator is pointing at -0.0182 and -0.0367 on the 14-day charts.
