Cenntro Electric Group Limited (NASDAQ:CENN) saw a downside of -4.08% to close Friday at $0.25 after subtracting -$0.01 on the day. The 5-day average trading volume is 1,040,600 shares of the company’s common stock. It has gained $0.2760 in the past week and touched a new high 2 times within the past 5 days. An average of 1,569,625 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 1,881,378.
CENN’s 1-month performance is -14.32% or -$0.0328 on its low of $0.2310 reached on 09/11/23. The company’s shares have touched a 52-week low of $0.23 and high of $1.20, with the stock’s rally to the 52-week high happening on 02/06/23. YTD, CENN has lost -43.32% or -$0.1906 and has reached a new high 13 times. However, the current price is down -79.22% from the 52-week high price.
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Valuation Metrics
CENN stock has a beta of 1.57. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 8.49 while the price-to-book (PB) in the most recent quarter is 0.52.
Cenntro Electric Group Limited’s quick ratio for the recent period was 2.68, with the current ratio over the same period at 4.66. In terms of profitability, the gross margin trailing 12 months is -5.75%. The trailing 12-month EBITDA margin is -555.15%. 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 September was 38.55% to suggest the stock is trending Neutral, with historical volatility in this time period at 54.53%.
The stock’s 5-day moving average is $0.2582, reflecting a +0.16% or $0.0004 change from its current price. CENN is currently trading -12.09% above its 20-day SMA, -28.37% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -44.79% and SMA200 by-57.84%.
Stochastic %K and %D was 47.49% and 46.19% and the average true range (ATR) pointed at 0.0200. The RSI (14) points at 38.62%, while the 14-day stochastic is at 40.89% with the period’s ATR at 0.0215. The stock’s 9-day MACD Oscillator is pointing at 0.0014 and 0.0036 on the 14-day charts.
