Market cap of Cenntro Electric Group Limited [CENN] reaches 88.20M – now what?

Cenntro Electric Group Limited [NASDAQ: CENN] traded at a low on 12/23/22, posting a -5.45 loss after which it closed the day’ session at $0.32. The company report on December 22, 2022 that Cenntro’s Logistar 400 All-Electric Commercial Vehicle Receives EPA’s Certificate of Conformity.

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Certificate Confirms Vehicle Meets EPA Standards.

Cenntro Electric Group Limited (NASDAQ: CENN) (“Cenntro” or “the Company”), a leading EV technology company with advanced, market-validated electric commercial vehicles, today announced that its all-electric Class 4 Logistar 400 (“LS400”) model received a U.S. Environmental Protection Agency (EPA) Certificate of Conformity.

The results of the trading session contributed to over 6165872 shares changing hands. Over the past one week, the price volatility of Cenntro Electric Group Limited stands at 27.43% while the volatility over the past one month is 14.94%.

The market cap for CENN stock reached $88.20 million, with 261.26 million shares outstanding and 161.26 million shares in the current float. Compared to the average trading volume of 3.93M shares, CENN reached a trading volume of 6165872 in the most recent trading day, which is why market watchdogs consider the stock to be active.

What do top market gurus say about Cenntro Electric Group Limited [CENN]?

The Average True Range (ATR) for Cenntro Electric Group Limited is set at 0.06, with the Price to Sales ratio for CENN stock in the period of the last 12 months amounting to 7.91. The Price to Book ratio for the last quarter was 0.35, with the Price to Cash per share for the same quarter was set at 0.66.

How has CENN stock performed recently?

Cenntro Electric Group Limited [CENN] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -11.12. With this latest performance, CENN shares dropped by -57.01% in over the last four-week period, additionally sinking by -81.12% over the last 6 months – not to mention a drop of -94.56% 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 30.51, with the RSI for the last a single of trading hit 32.73, and the three-weeks RSI is set at 30.58 for Cenntro Electric Group Limited [CENN]. The present Moving Average for the last 50 days of trading for this stock 0.7456, while it was recorded at 0.3266 for the last single week of trading, and 1.3829 for the last 200 days.

Cenntro Electric Group Limited [CENN]: Deeper insight into the fundamentals

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.

Insider trade positions for Cenntro Electric Group Limited [CENN]

There are presently around $7 million, or 8.30% 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 $1.12 million in CENN stocks shares; and GEODE CAPITAL MANAGEMENT, LLC, currently with $0.54 million in CENN stock with ownership of nearly 2.155% of the company’s market capitalization.

40 institutional holders increased their position in Cenntro Electric Group Limited [NASDAQ:CENN] by around 1,951,903 shares. Additionally, 30 investors decreased positions by around 1,582,355 shares, while 26 investors held positions by with 17,824,814 shares. The mentioned changes placed institutional holdings at 21,359,072 shares, according to the latest SEC report filing. CENN stock had 17 new institutional investments in for a total of 281,683 shares, while 8 institutional investors sold positions of 1,022,374 shares during the same period.


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