How does Cenntro Electric Group Limited (CENN) change from a tortoise to a hare?

Cenntro Electric Group Limited (NASDAQ: CENN) stock jumped 6.18% on Monday to $0.56 against a previous-day closing price of $0.53. With 5.22 million shares changed hands, the volume of the stock remained lighter than its average volume of 6.0 million shares. During the session, the Auto Manufacturers company that operates in wider Consumer Cyclical sector, reached to the highest price of $0.5615 whereas the lowest price it dropped to was $0.5240. The 52-week range on CENN shows that it touched its highest point at $3.00 and its lowest point at $0.26 during that stretch. Beta for the stock currently stands at 1.26.

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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 4.59%, but this was up by 109.81% over a month. Three-month performance dropped to -42.15% while six-month performance fell -65.11%. The stock lost -78.02% in the past year, while it has gained 26.89% so far this year.

Float and Shares Shorts:

At present, 261.26 million CENN shares are outstanding with a float of 161.26 million shares on hand for trading. On Oct 13, 2022, short shares totaled 10.45 million, which was 4.00% higher than short shares on Sep 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.

Institutional Ownership:

Through their ownership of 8.23% of CENN’s outstanding shares, institutional investors have minority control over the company. Other institutions hold 5.38% of CENN, in contrast to 25.03% held by mutual funds. Shares owned by individuals account for 2.92%. As the largest shareholder in CENN with 3.24% of the stake, BlackRock Fund Advisors holds 8,462,895 shares worth 8,462,895. A second-largest stockholder of CENN, SSgA Funds Management, Inc., holds 3,525,188 shares, controlling over 1.35% of the firm’s shares. Geode Capital Management LLC is the third largest shareholder in CENN, holding 1,699,759 shares or 0.65% stake. With a 1.63% stake in CENN, the iShares Russell 2000 ETF is the largest stakeholder. A total of 4,248,546 shares are owned by the mutual fund manager. The iShares Russell 2000 Value ETF, which owns about 0.72% of CENN stock, is the second-largest Mutual Fund holder. It holds 1,889,028 shares valued at 0.83 million. Fidelity Small Cap Index Fund holds 0.56% of the stake in CENN, owning 1,460,555 shares worth 0.64 million.

Analysts Ratings:

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.

EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy.

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.

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