CN Energy Group Inc [NASDAQ: CNEY] loss -1.61% on the last trading session, reaching $0.49 price per share at the time.
If compared to the average trading volume of 317.96K shares, CNEY reached a trading volume of 6106730 in the most recent trading day, which is why market watchdogs consider the stock to be active.
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Here is what top equities market gurus are saying about CN Energy Group Inc [CNEY]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for CNEY shares is $36.00 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on CNEY stock is a recommendation set at 1.00. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
The Average True Range (ATR) for CN Energy Group Inc is set at 0.07, with the Price to Sales ratio for CNEY stock in the period of the last 12 months amounting to 0.33. The Price to Book ratio for the last quarter was 0.01, with the Price to Cash per share for the same quarter was set at 0.01.
Trading performance analysis for CNEY stock
CN Energy Group Inc [CNEY] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -2.22. With this latest performance, CNEY shares gained by 6.52% in over the last four-week period, additionally sinking by -69.37% over the last 6 months – not to mention a drop of -90.89% 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 CNEY stock in for the last two-week period is set at 47.90, with the RSI for the last a single of trading hit 50.31, and the three-weeks RSI is set at 45.30 for CN Energy Group Inc [CNEY]. The present Moving Average for the last 50 days of trading for this stock 0.5354, while it was recorded at 0.4813 for the last single week of trading, and 1.5170 for the last 200 days.
CN Energy Group Inc [CNEY]: A deeper dive into fundamental analysis
CN Energy Group Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.37 and a Current Ratio set at 3.22.
An analysis of Institutional ownership at CN Energy Group Inc [CNEY]
The top three institutional holders of CNEY stocks are: VANGUARD GROUP INC with ownership of 1.32 billion shares, which is approximately 8.5034%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $178.43 billion in CNEY stocks shares; and BERKSHIRE HATHAWAY INC, currently with $135.36 billion in CNEY stock with ownership which is approximately 5.1238%.
