CREG Stock Summary and Trading Ideas (Smart Powerr Corp. | NASDAQ:CREG)

Smart Powerr Corp is a pioneer in waste energy recycling and a developer of energy efficiency solutions for various energy-intensive industries in China. It uses the Build-Operate-Transfer (BOT) model to provide energy-saving and recovery facilities for multiple energy-intensive industries in China. Its waste energy recycling projects allow customers which use substantial amounts of electricity to recapture previously wasted pressure, heat, and gas from their manufacturing processes to generate electricity. The company currently offer waste energy recycling systems to companies for use in nonferrous metal plants. It constructs its projects at its customer's facility and the electricity produced is used on-site by the customer.

Smart Powerr Corp. trades on the NASDAQ stock market under the symbol CREG.

As of May 21, 2024, CREG stock price declined to $1.09 with 28,592 million shares trading.

CREG has a beta of 0.93, meaning it tends to be less sensitive to market movements. CREG has a correlation of 0.03 to the broad based SPY ETF.

CREG has a market cap of $8.68 million. This is considered a Sub-Micro Cap stock.

In the last 3 years, CREG stock traded as high as $10.62 and as low as $.86.

CREG has underperformed the market in the last year with a price return of -32.7% while the SPY ETF gained +28.2%. CREG has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -30.1% and +2.3%, respectively, while the SPY returned +7.0% and +2.6%, respectively.

CREG support price is $1.02 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 CREG stock will trade within this expected range on the day.