Cenntro Electric Group Limited (NASDAQ:CENN) finished Friday with a subtraction of -$0.01 to close at $0.27, a downside of -3.24 percent. An average of 1,680,060 shares of common stock have been traded in the last five days. There was a fall of -$0.0186 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 1,748,715 shares traded, while the 50-day average volume stands at 3,021,714.
CENN stock has decreased by -19.31% in the last month. The company shares reached their 1-month lowest point of $0.2701 on 08/25/23. With the stock rallying to its 52-week high on 02/06/23, shares of the company touched a low of $0.26 and a high of $1.52 in 52 weeks. It has reached a new high 13 times so far this year and lost -37.61% or -$0.1655 in price. In spite of this, the price is down -81.94% from the 52-week high.
Valuation Metrics
Cenntro Electric Group Limited (CENN) stock’s beta is 1.60. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 8.12, the price-to-book (PB) ratio at 0.57.
Financial Health
The quick ratio of Cenntro Electric Group Limited for the recent quarter was 3.10, and the current ratio was 4.70, 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 0.08 for the recent quarter. Cenntro Electric Group Limited’s EBITDA margin is -555.15%. Its gross profit as reported stood at -$0.51 million compared to revenue of $8.94 million.
Earnings Surprise
In the quarter under review, the net income was up than the previous quarter. The company posted a net income of -$14.07 million in the quarter, while revenues were grew 100.0%. Shareholders own equity worth $304.45 million.
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 25 August was 27.69%, suggesting the stock is oversold, with historical volatility in this time frame at 39.73%.
As of today, CENN’s price is $0.2839 -6.35% or -$0.0186 from its 5-day moving average. CENN is currently trading -25.18% lower than its 20-day SMA and -39.24% lower than its 100-day SMA. However, the stock’s current price level is -21.05% below the SMA50 and -72.69% below the SMA200.
The stochastic %K and %D were 6.63% and 6.07%, respectively, and the average true range (ATR) was 0.0245. With the 14-day stochastic at 4.97% and the average true range at 0.0280, the RSI (14) stands at 34.04%. The stock has reached -0.0095 on the 9-day MACD Oscillator while the 14-day reading was at -0.0242.
