CN Energy Group Inc [NASDAQ: CNEY] loss -9.97% or -0.15 points to close at $1.31 with a heavy trading volume of 35440613 shares.
It opened the trading session at $1.35, the shares rose to $1.365 and dropped to $1.0355, the range by which the price of stock traded the whole day. The daily chart for CNEY points out that the company has recorded -53.87% loss over the past six months.
If we look at the average trading volume of 137.48K shares, CNEY reached to a volume of 35440613 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 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 $900.00 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 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 0.07.
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 -16.56. With this latest performance, CNEY shares dropped by -28.42% in over the last four-week period, additionally sinking by -53.87% over the last 6 months – not to mention a drop of -83.37% 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 23.21, with the RSI for the last a single of trading hit 0.1282, and the three-weeks RSI is set at 0.1304 for CN Energy Group Inc [CNEY]. The present Moving Average for the last 50 days of trading for this stock 1.9546, while it was recorded at 1.4510 for the last single week of trading, and 2.8609 for the last 200 days.
CN Energy Group Inc [CNEY]: A deeper dive into fundamental analysis
Operating Margin for any stock indicates how profitable investing would be, and CN Energy Group Inc [CNEY] shares currently have an operating margin of -12.41% and a Gross Margin at 17.39%. CN Energy Group Inc’s Net Margin is presently recorded at -11.53%.
CN Energy Group Inc (CNEY) Capital Structure & Debt Analysis
According to recent financial data for CN Energy Group Inc. ( CNEY), the Return on Equity (ROE) stands at -4.05%, reflecting a slight decline for investors. The Return on Assets (ROA) is -3.74%, reflecting the company’s efficiency in generating profits from its assets. Additionally, CN Energy Group Inc’s Return on Invested Capital (ROIC) is -4.06%, showcasing its effectiveness in deploying capital for earnings.
CN Energy Group Inc (CNEY) Efficiency & Liquidity Metrics
Based on CN Energy Group Inc’s (CNEY) latest financial statements, the Debt-to-Equity Ratio is 0.00%, indicating its reliance on debt financing relative to shareholder equity.
CN Energy Group Inc (CNEY) Efficiency & Liquidity Metrics
From an operational efficiency perspective, CN Energy Group Inc. (CNEY) effectively leverages its workforce, generating an average of -$173333.33 per employee. The company’s liquidity position is robust, with a Current Ratio of 25.13% and a Quick Ratio of 12.52%, indicating strong ability to cover short-term liabilities.
An analysis of Institutional ownership at CN Energy Group Inc [CNEY]
There are presently around $1.09%, or 1.09%% of CNEY stock, in the hands of institutional investors.
