BlackRock Fund Advisors has recently announced that it has increased stake in Cenntro Electric Group Limited (NASDAQ:CENN) by 2.55%. After grabbing 8.46 million shares, the institutional investor is now in possession of 0.21 million shares of the Consumer Cyclical Company. The new investment brought the stake of investor firm to 3.24% having worth around $8.63 million. Moreover, SSgA Funds Management, Inc. increased its share by 18771.0 to have a control over 3.53 million shares. And Geode Capital Management LLC raised its holdings to 35862.0 shares by acquiring 1.7 million shares or 0.65% of the stake.
Cenntro Electric Group Limited (CENN) concluded trading on 11/23/22 at a closing price of $0.74, with 6.14 million shares of worth about $4.54 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -54.47% during that period and on Wednesday the price saw a loss of about -3.65%. Currently the company’s common shares owned by public are about 261.26M shares, out of which, 161.26M shares are available for trading.
According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 0 times over the past 12 months. They bought 0 shares in 0 of the transactions. In 0 selling transactions, insiders dumped 0 shares.
iShares Russell 2000 ETF, iShares Russell 2000 Value ETF, and Fidelity Small Cap Index Fund are the top 3 mutual funds which are holding stakes in Cenntro Electric Group Limited iShares Russell 2000 ETF is currently holding 4.19 million shares of worth totaling $4.27 million. The company recently came selling 77789.0 shares which brought its stake up to 1.60% of the company’s outstanding shares. iShares Russell 2000 Value ETF bought 9945.0 shares, after which its hold over company’s outstanding shares expand to 0.72%, leaving 1.88 million shares with the mutual fund that have a worth of about $1.92 million. Fidelity Small Cap Index Fund, after buying 1.41 million shares, have now control over 0.54% of the stake in the company. It holds 40268.0 shares of worth $1.44 million.
However, the stock later moved at a day high price of 0.8000, or with a loss of -3.65%. Stock saw a price change of -11.09% in past 5 days and over the past one month there was a price change of -25.79%. Year-to-date (YTD), CENN shares are showing a performance of -86.15% which decreased to -92.44% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $0.77 but also hit the highest price of $10.48 during that period. The average intraday trading volume for Cenntro Electric Group Limited shares is 2.11 million. The stock is currently trading -20.20% below its 20-day simple moving average (SMA20), while that difference is down -24.86% for SMA50 and it goes to -49.82% lower than SMA200.
BlackRock Fund Advisors acquired 8.46 million shares of Cenntro Electric Group Limited having value of about $8.63 million. Data submitted at the U.S SEC by BlackRock Fund Advisors revealed that the firm now holds 0.21 million shares in the company valued at close to $155766.3, or have control over 2.55% stake in the company. Cenntro Electric Group Limited (NASDAQ: CENN) currently have 261.26M outstanding shares and institutions hold larger chunk of about 8.30% of that. Holding of mutual funds in the company is about 3.40% while other institutional holders and individual stake holders have control over 4.92% and — of the stake respectively.
The stock has a current market capitalization of $192.11M and its 3Y-monthly beta is at 1.27. It has posted earnings per share of -$0.09 in the same period. It has Quick Ratio of 12.60 while making debt-to-equity ratio of 0.00. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for CENN, volatility over the week remained 5.74% while standing at 7.85% over the month.
Stock’s fiscal year EPS is expected to rise by 99.00%.
Analysts at 0 brokerage firms have issued recommendations for the Cenntro Electric Group Limited (CENN)’s stock out of those 0 Wall Street analysts, 0 recommended a “Buy” rating, while 0 were in favor recommending the stock as a “Hold” and 0 analyst recommended the stock as “Sell”.