Cenntro Electric Group Limited (NASDAQ:CENN) shares, rose in value on Friday, August 05, with the stock price down by -4.20% to the previous day’s close as strong demand from buyers drove the stock to $1.52.
Actively observing the price movement in the recent trading, the stock is buoying the session at $1.59, falling within a range of $1.55 and $1.61. Referring to stock’s 52-week performance, its high was $14.17, and the low was $1.05. On the whole, CENN has fluctuated by -1.24% over the past month.
Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were no upward and no downward review(s) in last seven days. We see that CENN’s technical picture suggests that short-term indicators denote the stock is a 100% Sell on average. However, medium term indicators have put the stock in the category of 100% Sell while long term indicators on average have been pointing out that it is a 100% Sell.
The stock’s technical analysis shows that the PEG ratio is about 0, with the price of CENN currently trading nearly -4.65% and -11.31% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 43.55, while the 7-day volatility ratio is showing 5.36% which for the 30-day chart, stands at 5.72%. Furthermore, Cenntro Electric Group Limited (CENN)’s beta value is 1.27, and its average true range (ATR) is 0.10.
Data on historical trading for Cenntro Electric Group Limited (NASDAQ:CENN) indicates that the trading volumes over the past 10 days have averaged 2.83 million and over the past 3 months, they’ve averaged 4.50 million. According to company’s latest data on outstanding shares, there are 175.09 million shares outstanding.
Nearly 38.29% of Cenntro Electric Group Limited’s shares belong to company insiders and institutional investors own 5.70% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 12.65 million shares as on Jul 14, 2022, resulting in a short ratio of 2.38. According to the data, the short interest in Cenntro Electric Group Limited (CENN) stood at 4.84% of shares outstanding as of Jul 14, 2022; the number of short shares registered in Jun 14, 2022 reached 7.16 million. The stock has fallen by -70.34% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the CENN stock heading into the next quarter.