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Why CN Energy Group Inc (CNEY) Stock Could See Much Higher Prices Ahead

CN Energy Group Inc (NASDAQ: CNEY) is -58.14% lower on its value in year-to-date trading and has touched a low of $0.25 and a high of $4.05 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The CNEY stock was last observed hovering at around $0.96 in the last trading session, with the day’s loss setting it -0.12%.

Currently trading at $0.84, the stock is 81.45% and 113.80% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 19.36 million and changing -12.49% at the moment leaves the stock -9.90% off its SMA200. CNEY registered -75.54% loss for a year compared to 6-month loss of -24.99%. The firm has a 50-day simple moving average (SMA 50) of $0.40056 and a 200-day simple moving average (SMA200) of $0.922095.

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The stock witnessed a 178.83% gain in the last 1 month and extending the period to 3 months gives it a 81.06%, and is 140.10% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 50.93% over the week and 34.54% over the month.

CN Energy Group Inc (CNEY) has around 30 employees, a market worth around $2.21M and $57.90M in sales. Profit margin for the company is -9.72%. Distance from 52-week low is 229.84% and -79.26% from its 52-week high. The company has generated returns on investments over the last 12 months (-5.43%).

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CN Energy Group Inc (CNEY) Top Institutional Holders

The shares outstanding are 2.63M, and float is at 2.30M with Short Float at 30.66%.

CN Energy Group Inc (CNEY) Insider Activity

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