Cenntro Electric Group Stock Price Prediction – Should You Buy CENN?

Cenntro Electric Group Stock Price Prediction
Cenntro Electric Group Stock Price Prediction

There is no denying the rising popularity of electric vehicles. In fact, Cenntro electric group stock price prediction has been rising steadily in anticipation of this growing market.

But what does the future hold for Cenntro? Here we take a closer look at some factors that could affect their stock price in the coming years.

Chinese corporation Cenntro Electric Group (CENN) creates, produces, and markets electric vehicles. Cenntro Electric Group is a highly risky investment. The company’s stock price is highly volatile and has fluctuated greatly in the past. 

There is no guarantee that the stock price will rebound in the future, or that the company will be successful in the long run as evidenced by negative sales growth and profit figures. Analysts have given it a consensus rating of ‘Strong Sell’ given the speculative and risky nature of CENN stock prices.

Cenntro Electric Group Limited (CENN) Profile

Cenntro Electric Group Ltd. is a China-based company that engages in the research, development, manufacture, and sale of new energy Vehicles (NEVs). The company sells both all-electric and hybrid electric vehicles. Cenntro Electric Group Ltd. also provides power batteries, charging piles, and other related products.

Cenntro Electric Group Ltd. is a world leader in the manufacture of high-quality electric vehicles. Cenntro Electric Group offers a wide range of electric vehicles, including scooters, bicycles, and cars.

Cenntro was founded in 2013 and is headed by Peter Zuguang Wang acting as its CEO, MD & Chairman. Other key executives include – 

  • Fong Ting Cheng – Pres & CFO
  • Wei Zhong – Chief Technology Officer
  • Marianne McInerney – Exec. VP & Chief Marketing Officer
  • Ming He – Treasurer
  • Tony W. Tsai – VP of Corp. Affairs & Company Sec.

CENN – Financial Performance

Market Cap218.114M
Shares Outstanding261.31M
Public Float161.65M
Volume2,275,548
Avg. Volume2,164,853
52 Week Range0.7670 – 11.0685
200-Day Moving Average1.4980
PE Ratio (TTM)N/A
EPS (TTM)-0.0940
Forward Dividend & YieldN/A 
Trailing P/EN/A
Forward P/EN/A
Payout Ratio0.00%
Price/Sales (ttm)21.69
Price/Book (mrq)1.01
Enterprise Value/Revenue6.06
Enterprise Value/EBITDA-1.93

Profitability

Profit Margin0.00%
Operating Margin (ttm)-323.24%

Cash Flow Statement

Operating Cash Flow (ttm)-44.13M
Levered Free Cash Flow (ttm)-56.34M

How To Buy CENN Stocks?

Cenntro Electric Group Stock Price Prediction
Cenntro Electric Group Stock Price Prediction

When deciding how to purchase CENN stocks, there are a few crucial considerations to bear in mind.

  1. First, it is important to remember that the stock market is volatile and prices can fluctuate rapidly. As such, it is important to have a clear investment strategy and to be comfortable with the risks involved. 
  1. Before making any decisions, it’s crucial to conduct research and speak with a financial advisor.
  1. Finally, it is also important to remember that there are a variety of online brokerages that can provide you with access to the stock market and that each has its own set of fees and commissions. 

You will be on the right track to determining how to purchase CENN stocks that best suit your requirements if you bear these items in mind.

Steps To Buy CENN Stocks:

  1. Create a trading account on the trading platforms of your choice. Some of the most popular choices include TD Ameritrade, WeBull, Fidelity, and Firstrade.
  2. Make a thorough research about the company and its financial performance.
  3. Calculate your investment capacity.
  4. Place an order accordingly.
  5. Keep an eye on your investment regularly.

Is Cenntro Electric Group Limited Stock A Buy, Sell, Or Hold?

According to the consensus ratings given by the analysts, Cenntro Electric Group (CENN) stocks have received Strong Sell ratings. While CENN does have some strong points, such as its electric vehicles division, its overall financial health is weak, making it a highly unpredictable and risky investment.

The stock of the company has underperformed lately, and we think there are a number of factors that will keep the price of the stock under pressure.

First, Cenntro is facing stiff competition from established players in the EV space. Second, the company has been plagued by quality issues, which have led to several recalls of its products. 

Finally, CENN is facing challenges in terms of its financials, with the company reporting a net loss in each of the last three fiscal years.

Given these considerations, we think CENN is a solid sell at the current price. Hence, investors holding CENN stocks are advised to sell their existing stocks to save themselves from further losses.

Cenntro Electric Group Stock Price Prediction

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Cenntro Electric Group Stock Price Prediction – FAQs

Q1: Is CENN Stock A Good Investment?

A1: CENN stock prices are a highly volatile and risky investment. Analysts have therefore given it a consensus rating of Strong Sell.

Q2: Why Did Cenntro Stock Crash?

A2: The Cenntro stock crash is a result of the company going public at the end of 2021 in a reverse merger with Naked Brand Group. As a result, Cenntro has delisted from Nasdaq and its assets and liabilities have been transferred to Naked Brand Group. It is now trading under the ticker symbol NAKD.

Q3: Is Cenntro Automotive Profitable?

A3: Given its negative earnings over the previous 12 months, Cenntro Electric Group Ltd. does not have a strong P/E ratio. Its sales growth and profit margin figures are also negative.

Conclusion

The Cenntro Electric group stock price prediction of the publicly traded company Cenntro Electric Group has historically been erratic. The company has gone through numerous rounds of layoffs and restructuring in recent years, and as a result, its share price has been very unstable.

Despite these challenges, Cenntro Electric Group has managed to maintain a strong financial position, with a strong balance sheet and cash flow. However, the company’s stock price is still considered to be a risky investment by many analysts. 

Even though there is a chance that the stock price will rise in the future, there is also sizable downside risk. As a result, before purchasing shares of Centro Electric Group, investors should carefully consider their level of risk tolerance.

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