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Cenntro Electric Group ( (CENN) ) just unveiled an announcement.
Cenntro Inc., a leading electric commercial vehicle company, announced it has been granted an additional 180-day extension by Nasdaq to meet the minimum $1.00 closing bid price requirement for continued listing. This extension, which lasts until April 20, 2026, follows a previous notification on April 25, 2025, about non-compliance due to the stock price being below $1.00 for thirty consecutive business days. The company plans to take necessary measures, including a potential reverse stock split, to regain compliance. The extension does not immediately affect the trading of Cenntro’s stock, which continues under the symbol ‘CENN’.
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
Cenntro (NASDAQ: CENN) is a pioneering maker and provider of electric commercial vehicles (ECVs). Cenntro’s purpose-built ECVs are designed to serve a variety of commercial applications inclusive of its line of class 1 to class 4 trucks. Cenntro is building a globalized supply-chain, as well as the manufacturing, distribution, and service capabilities for its innovative and reliable products. Cenntro continues to evolve its products capabilities through advanced battery, powertrain, and smart driving technologies.
Average Trading Volume: 2,731,189
Technical Sentiment Signal: Strong Sell
Current Market Cap: $10.77M
For detailed information about CENN stock, go to TipRanks’ Stock Analysis page.