Cenntro Electric Group Limited Stock: Could Its High Beta Indicate Future Growth?
April 15, 2023
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Cenntro Electric ($NASDAQ:CENN) Group Limited (CEG) is an electric vehicle company engaged in developing, manufacturing and marketing of electric vehicles, electric buses and electric mobility solutions. The company has recently seen a surge in its stock prices, with 1.05 million shares traded in the last trading session. This has raised questions amongst investors about whether CEG stock can rise further. The answer to this question might lie in the company’s beta, which currently stands at 1.48. Beta is a measure of a stock’s volatility in relation to the overall market, and it indicates that CEG might be more volatile than the overall market. A higher beta could mean that CEG’s stock price has the potential to rise faster than the overall market, suggesting that there might be a growth opportunity.
However, investors should also consider the risks associated with CEG stock before investing. Although the company’s high beta might indicate future growth, it could also mean that the stock is more volatile than anticipated and could result in losses. Therefore, investors should do their own research and analyse the financials of the company before investing in CEG stock.
Share Price
Cenntro Electric Group Limited is a publicly traded company on the Hong Kong Exchange, whose stock has recently seen a sharp decline in value. On Wednesday, CENNTRO ELECTRIC stock opened at $0.4 and closed at $0.4, representing a drop of 6.2% from its last closing price of 0.4. This has led to many investors asking whether this indicates future growth potential. Analyzing the stock’s beta is a way to determine whether or not the company may be headed for success or failure. This could potentially indicate future growth as a higher beta suggests that the stock may have greater returns over time.
However, it is important to note that there are other factors to consider when analyzing CENNTRO ELECTRIC’s future potential. Beyond analyzing its beta, investors should also look at the company’s financials, management structure, and competitive environment to get a better idea of what the future may hold for this particular stock. Ultimately, it is up to investors to do their own research and decide if CENNTRO ELECTRIC’s high beta indicates that it could be a good bet in the future. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Cenntro Electric. More…
| Total Revenues | Net Income | Net Margin |
| 11.16 | -34.26 | -307.1% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Cenntro Electric. More…
| Operations | Investing | Financing |
| -44.13 | -15.47 | 241.99 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Cenntro Electric. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 263.75 | 23.99 | 0.91 |
Key Ratios Snapshot
Some of the financial key ratios for Cenntro Electric are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| – | – | -313.3% |
| FCF Margin | ROE | ROA |
| -484.2% | -8.7% | -8.3% |
Analysis
GoodWhale conducted an in-depth analysis of CENNTRO ELECTRIC‘s wellbeing. Our Star Chart classified the company as a ‘cheetah’, a type of company that has achieved high revenue or earnings growth but is considered less stable due to lower profitability. This type of company may be interesting to investors who are willing to take on a higher risk/reward profile. CENNTRO ELECTRIC is strong in asset and growth, and weak in dividend and profitability. The company’s intermediate health score of 6/10 reflects its cashflows and debt; it is likely to be able to pay off debt and fund future operations. However, investors should be aware of the higher risks associated with this type of company. More…
Peers
The company’s products include electric cars, electric vans, electric buses, and electric charging stations. The company’s competitors include Electric Last Mile Solutions Inc, Canoo Inc, RAC Electric Vehicles Inc.
– Electric Last Mile Solutions Inc ($NASDAQ:ELMS)
Canoo Inc is a publicly traded company with a market capitalization of $390.19 million as of 2022. The company has a negative return on equity of 161.33%, meaning that it has lost money for shareholders over the last 12 months. Canoo is a designer and manufacturer of electric vehicles. The company has yet to bring a vehicle to market, but has partnerships with major automakers such as Audi and Hyundai.
– Canoo Inc ($NASDAQ:GOEV)
RAC Electric Vehicles Inc is a publicly traded company that designs, manufactures and sells electric vehicles. The company has a market capitalization of $3.63 billion as of 2022 and a return on equity of -10.56%. RAC Electric Vehicles Inc is headquartered in Los Angeles, California.
Summary
Cenntro Electric Group Limited (CENNTRO) is a publicly traded company with a beta of 1.48. The stock price has been on a downward trend, as 1.05 million shares were traded in the last trading session. Investors should analyze the company’s financials, as well as industry trends and news before investing in Cenntro Electric. Consider metrics such as earnings per share (EPS), dividend yield, return on equity (ROE), and debt to equity ratio (DER).
Market sentiment can also play a role in determining the potential of a stock to rise. Analyzing the company’s fundamentals and prospects will help investors decide whether to invest in Cenntro Electric or not.
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