The stock of Cenntro Electric Group Limited (NASDAQ:CENN) increased by $0.02 on Tuesday to finish at $0.27, up 7.00 percent. The last five days have seen an average of 1,480,140 shares of common stock traded. 13 times new highs were reached in the current year, with a fall of -$0.1741. The average number of shares traded over the last 20 days was 1,694,440, while the average volume over the last 50 days totaled 1,990,742.
CENN stock dropped -9.28% since last month. On 09/11/23, the company’s shares reached a one-month low of $0.2310. The stock touched a high of $1.20 on 02/06/23, after rallying from a low of $0.23 in 52 weeks. The price of CENN stock has declined by -39.57% or -$0.1741 this year, reaching a new high 13 times. Still, the stock price is down -77.84% from the 52-week high.
Valuation Metrics
Beta for the stock is 1.58. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 7.29, the price-to-book (PB) ratio of 0.54.
Financial Health
For the recent quarter, Cenntro Electric Group Limited’s quick ratio was 3.10, while its current ratio was 4.70, indicating its ability to pay off its debt. As far as profitability goes, gross margin for the trailing twelve months is 2.60% percent. Based on annual data, it had gross profit of -$0.51 million and revenue of $8.94 million.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. CENN’s return on assets (ROA) during the last 12 months has been -47.00%. There was a -28.90% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was -62.60%.
Earnings Surprise
A higher net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $4.15 million, while revenues rose by 100.0% to $3.19 million. EBITDA was -$13.02 million for the quarter. At the end of Cenntro Electric Group Limited’s most recent quarter, its liabilities totaled 59.16 million, while its total debt was $32.21 million. Equity owned by shareholders amounts to $304.45 million.
Technical Picture
Here’s a quick look at Cenntro Electric Group Limited’s (CENN) price momentum from a technical perspective. As of 19 September, the RSI 9-day stood at 49.24%, suggesting the stock is Neutral, with a 72.85% historical volatility rate.
The stochastic %K and %D were 31.95% and 31.49% respectively, while the average true range (ATR) was 0.0212. Based on the 14-day stochastic reading of 47.87%, the RSI (14) reading is 44.12%. On the 9-day MACD Oscillator, the stock is at 0.0010.
Analyst Ratings
Analysts have assigned Cenntro Electric Group Limited (CENN) an – rating. CENN is a stock that is recommended for selling by 0 brokerage firms, while 0 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 0 rates it overweight and 0 others recommend it as a buy.
