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Cenntro Electric Group ( (CENN) ) has provided an update.
Cenntro Inc. and About Investment Pte. Ltd. entered into an exchange agreement on October 23, 2025, involving a senior secured convertible note initially issued in 2022. The agreement resulted in About Pte receiving a new secured convertible promissory note valued at $4,000,000 with an 8% interest rate, maturing on January 19, 2026. This exchange allows About Pte to convert the note into 12,000,000 shares of Cenntro’s common stock, impacting the company’s financial structure and shareholder composition.
The most recent analyst rating on (CENN) stock is a Hold with a $0.50 price target. To see the full list of analyst forecasts on Cenntro Electric Group stock, see the CENN Stock Forecast page.
Spark’s Take on CENN Stock
According to Spark, TipRanks’ AI Analyst, CENN is a Neutral.
Cenntro Electric Group’s overall stock score is primarily impacted by its weak financial performance and concerning valuation. The company faces significant financial challenges, with declining revenues and negative profitability metrics. Technical analysis indicates bearish momentum, further weighing on the stock. The negative P/E ratio highlights valuation concerns, making the stock less attractive to investors.
To see Spark’s full report on CENN stock, click here.
More about Cenntro Electric Group
Average Trading Volume: 6,552,413
Technical Sentiment Signal: Strong Sell
Current Market Cap: $11.13M
For an in-depth examination of CENN stock, go to TipRanks’ Overview page.