CN Energy Group Inc (NASDAQ: CNEY): Think Like A Lender, Not An Investor

money audit

CN Energy Group Inc (NASDAQ:CNEY) currently has a daily average trading volume of 3.06M but it saw 221057 shares traded in last market. With a market cap of 0.83M USD, the company’s current market price of $0.12 came rising about 3.72 while comparing to the previous closing price of $0.12. In past 52 weeks, the stock remained buoying in the range of price level as high as $1.60 and as low as $0.11. In the recent trading on the day, stock has struck highest price mark of $0.1151 while lowest mark touched by it was $0.127.

Taking a look at 20-day trading activity of CN Energy Group Inc (CNEY) gives us an average price of $0.1321, while its current price level is -92.51% below from 52-week high level whereas it is 10.01% 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 $0.1764 while that of 200 days or SMA-200 reads an average of $0.3557. A closer look into the stock’s movement over the week reveals that its volatility is standing at 10.75% during that period while stretching the period over a month that increases to 10.77%. 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 33.47 which implies that the stock is in neutral territory.

Over the week, CNEY’s stock price is moving -4.16% down while it is -29.53% when we observe its performance for the past one month. Year-to-date it is -61.97% down and over the past year, the stock is showing a downside performance of -83.13%.

The company is expected to be releasing its next quarterly report in May, for which analysts forecasted an EPS of 0 while estimate for next year EPS is 0.

Currently, CN Energy Group Inc’s total number of outstanding shares is 6.81M. Company’s return on investment (ROI) stands at -14.49% and return on equity (ROE) at -14.01%. Stock’s beta reads 0.75. Stock has a price to book (P/B) ratio of 0.01 while price to sale or P/S ratio amounts to 0.02. Its return on asset (ROA) is -12.51% on average.