CN Energy Group Inc (NASDAQ: CNEY): Retirees Don’t Worry About Volatility

money audit

CN Energy Group Inc (NASDAQ:CNEY) currently has a daily average trading volume of 317.96K but it saw 6106730 shares traded in last market. With a market cap of 19.36M USD, the company’s current market price of $0.49 came falling about -1.61 while comparing to the previous closing price of $0.50. In past 52 weeks, the stock remained buoying in the range of price level as high as $6.60 and as low as $0.41.

Taking a look at 20-day trading activity of CN Energy Group Inc (CNEY) gives us an average price of $0.4820, while its current price level is -92.58% below from 52-week high level whereas it is 19.51% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $0.5354 while that of 200 days or SMA-200 reads an average of $1.5170. A closer look into the stock’s movement over the week reveals that its volatility is standing at 26.64% during that period while stretching the period over a month that decreases to 13.54%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 47.90 which implies that the stock is in neutral territory.

Over the week, CNEY’s stock price is moving -2.22% down while it is 6.52% when we observe its performance for the past one month. Year-to-date it is -75.59% down and over the past year, the stock is showing a downside performance of -90.89%.

Currently, CN Energy Group Inc’s total number of outstanding shares is 39.50M. Company’s return on investment (ROI) stands at -5.43% and return on equity (ROE) at -6.72%. Stock’s beta reads 0.62. Stock has a price to book (P/B) ratio of 0.01 while price to sale or P/S ratio amounts to 0.33. Its return on asset (ROA) is -5.09% on average.