Will CN Energy Group Inc (CNEY) benefit from Wall Street bulls Calls?

CN Energy Group Inc (NASDAQ: CNEY) is -64.13% 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 $0.70 in the last trading session, with the day’s gains setting it 0.02%.

Currently trading at $0.72, the stock is 19.36% and 56.00% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.9 million and changing 2.86% at the moment leaves the stock -14.36% off its SMA200. CNEY registered -79.29% loss for a year compared to 6-month loss of -22.58%. The firm has a 50-day simple moving average (SMA 50) of $0.46156 and a 200-day simple moving average (SMA200) of $0.84088.

The stock witnessed a 60.04% gain in the last 1 month and extending the period to 3 months gives it a 35.98%, and is 2.53% 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 17.14% over the week and 27.38% over the month.

CN Energy Group Inc (CNEY) has around 30 employees, a market worth around $1.89M and $66.51M in sales. Profit margin for the company is -6.63%. Distance from 52-week low is 182.69% and -82.22% from its 52-week high. The company has generated returns on investments over the last 12 months (-4.29%).