CENN Stock Summary and Trading Ideas (Cenntro | NASDAQ:CENN)

Cenntro Inc is a designer, manufacturer, distributor, and service provider of commercial vehicles. Its vehicles include Metro, Logistar 400, Logistar 200, Neibor 200, and ORV. The company's geographical segments include Europe, America, and Asia.

Cenntro trades on the NASDAQ stock market under the symbol CENN.

As of October 3, 2024, CENN stock price was flat at $1.16 with 82,738 million shares trading.

CENN has a beta of 2.65, meaning it tends to be more sensitive to market movements. CENN has a correlation of 0.13 to the broad based SPY ETF.

CENN has a market cap of $35.76 million. This is considered a Sub-Micro Cap stock.

The top ETF exchange traded funds that CENN belongs to (by Net Assets): ONEQ, IWC, CCSO.

CENN has underperformed the market in the last year with a price return of -51.3% while the SPY ETF gained +36.3%. CENN has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -31.4% and -1.7%, respectively, while the SPY returned +3.3% and +0.1%, respectively.

CENN support price is $1.13 and resistance is $1.19 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that CENN shares will trade within this expected range on the day.