Cenntro Electric Group Limited (NASDAQ:CENN) does about 6.00M shares in volume on a normal day but saw 5224287 shares change hands in Monday trading. The company now has a market cap of 140.53M USD. Its current market price is $0.56, marking an increase of 6.18% compared to the previous close of $0.53. The 52 week high reached by this stock is $3.00 whilst the lowest price level in 52 weeks is $0.26. The script in recent trading has seen the stock touch a high of $0.565 and a low of $0.524.
Will You Miss Out On This Growth Stock Boom?
A new megatrend in the fintech market is well underway. Mobile payments are projected to boom into a massive $12 trillion market by 2028. According to Motley Fool this growth stock could "deliver huge returns." Not only in the immediate future but also over the next decade. Especially since the man behind this company is a serial entrepreneur who has been wildly successful over the years.
And this is just one of our
5 Best Growth Stocks To Own For 2023.
Sponsored
Cenntro Electric Group Limited (CENN) has a 20-day trading average at $0.4548 and the current price is -81.39% off the 52-week high compared with 114.73% distance from its 52-week low. The 50-day simple moving average of the closing price is $0.5549 and its 200-day simple moving average is $1.2438. If we look at the stock’s price movements over the week, volatility stands at 9.08%, which increases to 16.66% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 57.41 to suggest the stock is neutral.
The current price level is 24.89%, -0.71%, and -55.38% away from its SMA20, SMA50, and SMA200 respectively, with the CENN price moving above the 50-day SMA on January 23. Cenntro Electric Group Limited (CENN) stock is up 4.59% over the week and 109.81% over the past month. Its price is 26.89% year-to-date and -78.02% over the past year.
Outstanding shares total 261.26M with insiders holding 38.29% of the shares and institutional holders owning 8.23% of the company’s common stock. The company has a return on investment of -6.20%. The beta has a value of 1.26. Price to book ratio is 0.61 and price to sales ratio is 12.60.
According to a U.S. Securities and Exchange Commission filing, iShares Russell 2000 ETF has reduced its position in Cenntro Electric Group Limited (CENN) to 4,248,546 shares, mirroring a recent drop by -1.03%. iShares Russell 2000 ETF dumped 44347.0 shares of Cenntro Electric Group Limited common stock bringing its total worth to about $1.87 million at the end of recent close, SEC documents show. iShares Russell 2000 ETF isn’t the only investment manager who changed stakes and is followed by iShares Russell 2000 Value ETF, which sold off 12155.0 shares to end up with 1,889,028 shares worth $0.83 million. Fidelity Small Cap Index Fund raise their holdings by 2.11% in the company over the course of the most recent quarter. It now holds a 0.56% position in Cenntro Electric Group Limited thanks to 1.46 million shares amounting to $0.64 million.
