In the past week, CNEY stock has gone down by -14.41%, with a monthly decline of -49.68% and a quarterly surge of 5.32%. The volatility ratio for the week is 11.64%, and the volatility levels for the last 30 days are 12.11% for CN Energy Group Inc The simple moving average for the past 20 days is -27.95% for CNEY’s stock, with a -54.25% simple moving average for the past 200 days.
Is It Worth Investing in CN Energy Group Inc (NASDAQ: CNEY) Right Now?
CNEY has 36-month beta value of 0.75.
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The public float for CNEY is 2.45M, and currently, short sellers hold a 4.56% ratio of that float. The average trading volume of CNEY on November 21, 2024 was 12.61M shares.
CNEY) stock’s latest price update
CN Energy Group Inc (NASDAQ: CNEY) has experienced a decline in its stock price by -6.98 compared to its previous closing price of 0.34. However, the company has seen a fall of -14.41% in its stock price over the last five trading days. prnewswire.com reported 2024-10-11 that LISHUI, China , Oct. 11, 2024 /PRNewswire/ — CN Energy Group. Inc. (the “Company”; NASDAQ: CNEY), today announced that on October 9, 2024, Company received a written notice from Listing Qualifications Department of The Nasdaq Stock Market LLC (“Nasdaq”) notifying the Company that it has regained compliance with the minimum market value of publicly held shares (“MVPHS”) requirement (the “MVPHS Requirement”) under Nasdaq Listing Rule 5550(a)(5) (the “Rule”).
CNEY Trading at -41.15% from the 50-Day Moving Average
After a stumble in the market that brought CNEY to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -91.21% of loss for the given period.
Volatility was left at 12.11%, however, over the last 30 days, the volatility rate increased by 11.64%, as shares sank -45.80% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -77.23% lower at present.
During the last 5 trading sessions, CNEY fell by -14.41%, which changed the moving average for the period of 200-days by -77.55% in comparison to the 20-day moving average, which settled at $0.4393. In addition, CN Energy Group Inc saw -84.23% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for CNEY
Current profitability levels for the company are sitting at:
- -0.07 for the present operating margin
- -0.0 for the gross margin
The net margin for CN Energy Group Inc stands at -0.07. The total capital return value is set at -0.04. Equity return is now at value -4.17, with -3.45 for asset returns.
Based on CN Energy Group Inc (CNEY), the company’s capital structure generated 0.06 points at debt to capital in total, while cash flow to debt ratio is standing at -0.23. The debt to equity ratio resting at 0.06. The interest coverage ratio of the stock is -6.28.
Currently, EBITDA for the company is -2.38 million with net debt to EBITDA at -3.36. When we switch over and look at the enterprise to sales, we see a ratio of 0.13. The receivables turnover for the company is 1.99for trailing twelve months and the total asset turnover is 0.56. The liquidity ratio also appears to be rather interesting for investors as it stands at 4.40.
Conclusion
To put it simply, CN Energy Group Inc (CNEY) has had a bad performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
