Cenntro Electric Group Limited [NASDAQ: CENN] loss -8.53% or -0.08 points to close at $0.83 with a heavy trading volume of 3354332 shares.
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It opened the trading session at $0.91, the shares rose to $0.9199 and dropped to $0.825, the range by which the price of stock traded the whole day. The daily chart for CENN points out that the company has recorded -52.84% loss over the past six months. However, it is still -7.79% lower than its most recent low trading price.
If we look at the average trading volume of 2.24M shares, CENN reached to a volume of 3354332 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying about Cenntro Electric Group Limited [CENN]:
The Average True Range (ATR) for Cenntro Electric Group Limited is set at 0.08, with the Price to Sales ratio for CENN stock in the period of the last 12 months amounting to 18.89. The Price to Book ratio for the last quarter was 0.92, with the Price to Cash per share for the same quarter was set at 0.72.
Trading performance analysis for CENN stock
Cenntro Electric Group Limited [CENN] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 8.57. With this latest performance, CENN shares dropped by -15.33% in over the last four-week period, additionally sinking by -52.84% over the last 6 months – not to mention a drop of -92.48% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for CENN stock in for the last two-week period is set at 39.15, with the RSI for the last a single of trading hit 37.34, and the three-weeks RSI is set at 39.88 for Cenntro Electric Group Limited [CENN]. The present Moving Average for the last 50 days of trading for this stock 1.0278, while it was recorded at 0.8931 for the last single week of trading, and 1.4937 for the last 200 days.
Cenntro Electric Group Limited [CENN]: A deeper dive into fundamental analysis
Operating Margin for any stock indicates how profitable investing would be, and Cenntro Electric Group Limited [CENN] shares currently have an operating margin of -191.89 and a Gross Margin at +2.73. Cenntro Electric Group Limited’s Net Margin is presently recorded at -191.47.
Cenntro Electric Group Limited’s liquidity data is similarly interesting compelling, with a Quick Ratio of 12.60 and a Current Ratio set at 13.90.
An analysis of insider ownership at Cenntro Electric Group Limited [CENN]
There are presently around $18 million, or 8.10% of CENN stock, in the hands of institutional investors. The top three institutional holders of CENN stocks are: BLACKROCK INC. with ownership of 9,427,204, which is approximately 2.24% of the company’s market cap and around 38.29% of the total institutional ownership; STATE STREET CORP, holding 3,525,188 shares of the stock with an approximate value of $2.94 million in CENN stocks shares; and GEODE CAPITAL MANAGEMENT, LLC, currently with $1.42 million in CENN stock with ownership of nearly 2.155% of the company’s market capitalization.
41 institutional holders increased their position in Cenntro Electric Group Limited [NASDAQ:CENN] by around 2,030,617 shares. Additionally, 29 investors decreased positions by around 1,576,298 shares, while 26 investors held positions by with 17,758,214 shares. The mentioned changes placed institutional holdings at 21,365,129 shares, according to the latest SEC report filing. CENN stock had 18 new institutional investments in for a total of 360,397 shares, while 8 institutional investors sold positions of 1,022,374 shares during the same period.