Cenntro Inc (NASDAQ: CENN) is -54.35% lower on its value in year-to-date trading and has touched a low of $0.64 and a high of $1.84 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 CENN stock was last observed hovering at around $0.88 in the last trading session, with the day’s gains setting it 135.97%.
Currently trading at $136.85K, the stock is -19.69% and -17.87% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.44 million and changing 1436078% at the moment leaves the stock -30.44% off its SMA200. CENN registered -32.17% loss for a year compared to 6-month loss of -30.88%. The firm has a 50-day simple moving average (SMA 50) of $0.88373 and a 200-day simple moving average (SMA200) of $1.0433455.
The stock witnessed a -23.78% gain in the last 1 month and extending the period to 3 months gives it a -21.19%, and is -20.99% down 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 17.06% over the week and 7.75% over the month.
Cenntro Inc (CENN) has around 260 employees, a market worth around $34.78M and $30.05M in sales. Profit margin for the company is -137.41%. Distance from 52-week low is 13.41% and -60.55% from its 52-week high. The company has generated returns on investments over the last 12 months (-51.17%).
51.0 institutions hold shares in Cenntro Inc (CENN), with institutional investors hold 2.84% of the company’s shares. The shares outstanding are 47.91M, and float is at 34.36M with Short Float at 1.62%. Institutions hold 2.01% of the Float.
The top institutional shareholder in the company is GEODE CAPITAL MANAGEMENT, LLC with over 0.26 million shares valued at $0.38 million. The investor’s holdings represent 0.8327 of the CENN Shares outstanding. As of 2024-06-30, the second largest holder is AMUNDI with 0.11 million shares valued at $0.18 million to account for 0.3511 of the shares outstanding. The other top investors are MILLENNIUM MANAGEMENT LLC which holds 81363.0 shares representing 0.2639 and valued at over $0.12 million, while MORGAN STANLEY holds 0.1052 of the shares totaling 32426.0 with a market value of $48314.0.
