Cenntro Inc’s Market Journey: Closing Weak at 0.23, Down -1.48

Ulysses Smith

Beyond market trends, investors keen on maximizing returns delve into the world of stock picking. The right selections can be instrumental in catapulting your wealth.

The closing price of Cenntro Inc (NASDAQ: CENN) was $0.23 for the day, down -1.48% from the previous closing price of $0.23. In other words, the price has decreased by -$1.48 from its previous closing price. On the day, 5.97 million shares were traded. CENN stock price reached its highest trading level at $0.2493 during the session, while it also had its lowest trading level at $0.2205.

Ratios:

Our analysis of CENN’s different ratios will help us gain a deeper understanding of the company. For the most recent quarter (mrq), Quick Ratio is recorded 0.62 and its Current Ratio is at 1.80. In the meantime, Its Debt-to-Equity ratio is 0.31 whereas as Long-Term Debt/Eq ratio is at 0.08.

Valuation Measures:

Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, CENN now has a Market Capitalization of 11945142 and an Enterprise Value of 29895420. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.42 while its Price-to-Book (P/B) ratio in mrq is 0.14. Its current Enterprise Value per Revenue stands at 0.99 whereas that against EBITDA is -1.039.

Stock Price History:

The Beta on a monthly basis for CENN is 1.66, which has changed by -0.8086957 over the last 52 weeks, in comparison to a change of 0.1443547 over the same period for the S&P500. Over the past 52 weeks, CENN has reached a high of $1.47, while it has fallen to a 52-week low of $0.21. The 50-Day Moving Average of the stock is -56.68%, while the 200-Day Moving Average is calculated to be -71.67%.

Shares Statistics:

CENN traded an average of 2.30M shares per day over the past three months and 13555990 shares per day over the past ten days. A total of 47.91M shares are outstanding, with a floating share count of 32.28M. Insiders hold about 37.82% of the company’s shares, while institutions hold 1.99% stake in the company. Shares short for CENN as of 1759190400 were 237082 with a Short Ratio of 0.10, compared to 1756425600 on 304633. Therefore, it implies a Short% of Shares Outstanding of 237082 and a Short% of Float of 0.7900001.

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