Cenntro Electric Group Limited (NASDAQ: CENN) stock jumped 3.31% on Friday to $1.56 against a previous-day closing price of $1.51. With 2.46 million shares changed hands, the volume of the stock remained lighter than its average volume of 4.62 million shares. During the session, the Auto Manufacturers company that operates in wider Consumer Cyclical sector, reached to the highest price of $1.5700 whereas the lowest price it dropped to was $1.4850. The 52-week range on CENN shows that it touched its highest point at $14.17 and its lowest point at $1.05 during that stretch. Beta for the stock currently stands at 1.27.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of CENN was up-trending over the past week, with a rise of 7.59%, but this was down by -3.11% over a month. Three-month performance dropped to -7.14% while six-month performance fell -8.24%. The stock lost -81.23% in the past year, while it has lost -70.90% so far this year.
Float and Shares Shorts:
At present, 175.09 million CENN shares are outstanding with a float of 161.21 million shares on hand for trading. On Jul 14, 2022, short shares totaled 12.65 million, which was 4.84% higher than short shares on Jun 14, 2022. In addition to Mr. Peter Zuguang Wang as the firm’s CEO, MD & Chairman, Mr. Fong Ting Cheng serves as its Pres & CFO.
Through their ownership of 5.82% of CENN’s outstanding shares, institutional investors have minority control over the company. Other institutions hold 3.31% of CENN, in contrast to -0.56% held by mutual funds. Shares owned by individuals account for –. As the largest shareholder in CENN with 0.50% of the stake, Renaissance Technologies LLC holds 1,317,631 shares worth 1,317,631. A second-largest stockholder of CENN, Millennium Management LLC, holds 1,019,455 shares, controlling over 0.39% of the firm’s shares. JPMorgan Securities LLC is the third largest shareholder in CENN, holding 915,749 shares or 0.35% stake. With a 1.51% stake in CENN, the iShares Russell 2000 ETF is the largest stakeholder. A total of 3,951,267 shares are owned by the mutual fund manager. The iShares Russell 2000 Value ETF, which owns about 0.70% of CENN stock, is the second-largest Mutual Fund holder. It holds 1,840,408 shares valued at 2.78 million. SPDR S&P Kensho Smart Mobility ET holds 0.21% of the stake in CENN, owning 539,310 shares worth 0.81 million.
An Overview of Recent Financials:
Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. Over the past year, revenue came in at $8.58M while operating income stood at -$16.46M. EBITDA for the full year was -$14.08M.
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for CENN since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With CENN analysts setting a high price target of – and a low target of –, the average target price over the next 12 months is –.
Summary of Insider Activity:
Insiders traded CENN stock several times over the past three months with 0 Buys and 0 Sells. In these transactions, 0 shares were bought while 0 shares were sold. The number of buy transactions has remained unchanged to 0 while that of sell transactions has remained unmoved to 0 over the past year. The total number of shares bought during that period was 0 while 0 shares were sold.