Cenntro Inc. (CENN) Stock Forecast & Price Prediction 2024, 2025, 2030, 2040, and 2050
Stay updated on Cenntro Inc. (CENN) stock with short-term forecast for year 2024 and long-term price prediction for 2025 - 2050. Access historical performance, see analyst ratings, and follow the latest Cenntro Inc. news and developments.
1 Month Prediction
$1.45 [0.00%]
3 Month Prediction
$1.00 [-31.03%]
6 Month Prediction
$1.00 [-31.03%]
1 Year Prediction
$1.00 [-31.03%]
3 Year Prediction
$1.00 [-31.03%]
5 Year Prediction
$1.00 [-31.03%]
About Cenntro Inc.
Cenntro Electric Group Ltd (NASDAQ: CENN) is a commercial electric vehicle technology company located in Freehold, New Jersey. Established in 2013, Cenntro manufactures and distributes electric light and medium-duty commercial vehicles.
The primary product of Cenntro is its Metro electric commercial van. Designed for last-mile urban delivery and fleet service applications, the Metro van boasts a modular design, economical price point, and efficient operation as its key features. Besides vans, Cenntro also produces electric passenger vehicles, trucks, and buses. The company sells its Electric Commercial Vehicles (ECVs) globally, utilizing both direct and dealer networks. Additionally, Cenntro offers connected technology solutions to assist fleets in managing their vehicles.
With assembly plants in the United States and China, Cenntro is expanding its manufacturing and distribution footprint to meet market demand in North America, Europe, and Asia.
Cenntro Inc. (CENN) Historical Performance
IPO Date
Cenntro Inc. (NASDAQ:CENN) went public on 16 December, 2009.
Change
Since inception, CENN has decreased by 100.00%. In the last 5 years, CENN has fallen from $2340.00 to $1.45, a massive -99.94% decrease since 2019.
Historical Highs and Lows
In the past 5 years, the stock reached a high of $2475.00 and a low of $1.17.
52 Week Range
$1.0
$25.99
The current price $1.45 is not near the 52-week extremes, which means that the stock is neither overbought nor underbought.
CENN Stock Price History
Based on CENN stock's historical price data, this table shows how the stock has performed in the last 6 years. Since 2018, the CENN stock has fallen from $2340.0 - $120750.0 to $1.17 - $1.82, which is down -100.0%. Currently, the stock follows downward trend.
Here, we have calculated stock range of CENN, indicating the highs and lows for each year, the average price based on the daily closing prices each year, and the change% from the average price.
| Year | Stock Price | Avg Price | Change% | Year Change |
|---|---|---|---|---|
| 2019 | $2340.0 - $120750.0 | $30701.25 | -75.54 | 1 Year Change |
| 2020 | $111.0 - $1192.5 | $637.7 | -99.49 | 2 Year Change |
| 2021 | $536.0 - $2475.0 | $1111.27 | -99.11 | 3 Year Change |
| 2022 | $44.0 - $219.0 | $134.37 | -99.89 | 4 Year Change |
| 2023 | $1.44 - $76.27 | $33.22 | -99.97 | 5 Year Change |
| 2024 | $1.17 - $1.82 | $1.41 | -100.0 | 6 Year Change |
CENN Price Performance
6-Month Performance
CENN stock dropped by 2.68% in the last six months.
1-Year Performance
The stock has trended upwards by 0.69% in the past year.
3-Year Performance
In the last 3 years, the stock has plummeted by 99.73%.
5-Year Performance
In the last 5 years, the stock has gone down by 99.94%.
According to Cenntro Inc.'s historical data, below graph gives us the exact picture of how the CENN stock has performed year-over-year. Here, Each bar on the graph represents a particular year that illustrates how the stock's price changed from one year to the next.
YoY Performance
In the last five years, the stock has shown positive growth in 1 year and a decline in 4 years.
2019
98.14% ↓
2020
87.69% ↓
2021
86.11% ↑
2022
91.79% ↓
2023
96.73% ↓
NOTE: Green bars indicate that the stock has risen compared to the previous year, while red bars show that the stock has fallen.
Cenntro Inc. (CENN) Financials & Stock Analysis
Total Revenue
Quarterly Revenue: $8.32 M (Q2)
Revenue for Q2 ending 30th June, 2024 increased 145.30% compared to Q1 ending 31st March, 2024.
Annual Revenue: $21.71 M (1Y)
Revenue for trailing 12 months increased 142.82% year over year from 31st December, 2022.
If compared to the last 5 years, the revenue has gone up from $3.58 million to $21.71 million, a 507.20% change.
Market Capitalization
Cenntro Inc. has a market capitalization of $44.76M, which places CENN in the nano-cap category.
Fundamental Analysis
EPS: $-0.30 (Q2), $-4.18 (1Y)
EPS decreased 0.00% since last quarter, and increased 565.00% since last year.
Net Income: $-9.18 M (Q2), $-110.09 M (1Y)
Net Income decreased 0.51% since last quarter, and increased 570.38% since last year.
Free Cash Flow: $-4.18 M (Q2), $-89.14 M (1Y)
Free Cash Flow decreased 54.52% since last quarter, and increased 300.97% since last year.
Net Profit Margin: -110.36% (Q2), -507.02% (1Y)
Net Profit Margin decreased 59.44% since last quarter, and increased 176.08% since last year.
Below, we have listed 12 key indicators for Fundamental analysis for CENN stock. These indicators help you understand Cenntro Inc.'s financial health, earnings and growth potential, and make a decision if the stock is a good long-term investment or not.
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Technical Analysis
Here, we have listed 5 key indicators for Technical Analysis for CENN stock. These indicators help investors study past price movements and trading volumes to forecast future price changes, and find the right time when to buy, sell or hold the stock.
| Technical Indicators | Value |
|---|---|
| SMA20 | $1.26 |
| SMA50 | $1.21 |
| SMA200 | $1.44 |
| RSI | 77.78 |
| Beta | 2.56 |
SMA20 < Current Price
This signals CENN stock is in short-term bullish momentum.
SMA50 < Current Price
This signals CENN stock is in mid-term bullish momentum.
SMA200 < Current Price
This signals CENN stock is in long-term bullish momentum.
Sentiment Based on Technical Analysis
Based on 8 technical analysis indicators, the overall sentiment for CENN stock is Bullish. Out of all indicators, 5 indicates bullish signals, 4 signals bearish trends and 0 gives neutral trends. The CENN stock forecast was last updated on 04 December, 2024.
Cenntro Inc. (CENN) Stock Price Prediction and Forecast
According to short-term forecast, the stock is expected to rise to $1.45 by the end of 2024, and can reach around $0.71 to $0.74 in 2025. And, the long-term forecast suggests that the stock may further drop to $0.84 - $1.21 in 2027, and $0.87 - $0.93 by 2030. So, the CENN stock shows a strong upward trend in the next several years.
Short-term CENN Stock Price Prediction & Forecast
| Date | Forecasted Price | Change% |
|---|---|---|
| 2024-12 | $1.45 | 0.0% |
In 2024, the CENN stock price is expected to fluctuate between $1.45 and $1.45. According to the monthly forecast, the stock could rise to $1.45 by December 2024. If compared to the CENN's current price, the stock could gain 0.0% by the end of this year.
Long-term CENN Stock Price Prediction & Forecast
| Year | Year Start | Year Mid | Year End | Change% |
|---|---|---|---|---|
| 2025 | $0.71 | $1.55 | $0.74 | -48.97% |
| 2026 | $1.05 | $1.14 | $0.62 | -57.24% |
| 2027 | $0.84 | $1.01 | $1.21 | -16.55% |
| 2028 | $1.25 | $1.78 | $1.00 | -31.03% |
| 2029 | $0.93 | $1.37 | $0.60 | -58.62% |
| 2030 | $0.87 | $1.52 | $0.93 | -35.86% |
| 2031 | $1.19 | $1.01 | $1.13 | -22.07% |
| 2032 | $1.41 | $1.29 | $1.53 | 5.52% |
| 2033 | $0.60 | $1.22 | $1.03 | -28.97% |
| 2034 | $0.96 | $0.92 | $1.19 | -17.93% |
| 2035 | $1.16 | $0.93 | $0.73 | -49.66% |
| 2036 | $0.85 | $1.42 | $1.52 | 4.83% |
| 2037 | $0.54 | $0.95 | $0.82 | -43.45% |
| 2038 | $1.39 | $0.96 | $1.29 | -11.03% |
| 2039 | $1.22 | $1.37 | $1.27 | -12.41% |
| 2040 | $0.76 | $1.34 | $1.05 | -27.59% |
| 2041 | $1.25 | $0.74 | $1.09 | -24.83% |
| 2042 | $0.57 | $0.77 | $0.64 | -55.86% |
| 2043 | $0.63 | $0.76 | $0.85 | -41.38% |
| 2044 | $1.63 | $0.85 | $0.78 | -46.21% |
| 2045 | $1.01 | $1.05 | $0.62 | -57.24% |
| 2046 | $0.92 | $1.10 | $0.66 | -54.48% |
| 2047 | $0.87 | $0.61 | $0.81 | -44.14% |
| 2048 | $0.32 | $0.99 | $0.90 | -37.93% |
| 2049 | $1.45 | $0.54 | $0.70 | -51.72% |
| 2050 | $0.80 | $0.60 | $1.58 | 8.97% |
Cenntro Inc. (CENN) Stock Price Prediction & Forecast 2024 - 2025
At the start of 2024, the CENN stock was at $1.19. Today, it is trading at $1.45, which is 21.85% increase from price at the beginning of the year. By the end of this year, you can expect the stock to fall to $1.45 by December 2024 with a -0.00% change.
In early 2025, the CENN price is expected to climb from $1.45 to $0.71, a change of -50.89% from the current price. By mid-2025, the stock may move up by 118.31% on $1.55 and end the year at $0.74, which is -48.80% compared to today's price.
Cenntro Inc. (CENN) Stock Price Prediction & Forecast 2026 - 2030
In the next five years, there will be a significant depreciation in the CENN stock. During this period, the CENN's price is forecasted to shift from $1.05 to $0.93, which is -11.43% loss.
In 2026, the stock would possibly open at $1.05, escalates to $1.14 by mid-year, and wraps up at $0.62, reflecting a decrease from today's price. Further moving to 2030, the stock can kick off the year at $0.87, soar to $1.52 by mid-year, and finish at $0.93, which is -35.53% change from current price.
Cenntro Inc. (CENN) Stock Price Prediction & Forecast 2031 - 2040
During this period, the stock would move from $1.19 to $1.05, which is down -21.89%
In 2031, we can expect CENN to fluctuate between $1.13 and $1.19, a shift indicating a -21.89% loss by year-end compared to current price. And Until 2040, CENN can likely vary from $0.76 to $1.05. By the end of 2040, the stock could record a -27.63% fall from today's stock price.
Cenntro Inc. (CENN) Stock Price Prediction & Forecast 2041 - 2050
According to long-term forecast, the CENN stock can see an an upturn from $1.25 to $1.58 in this period. In 2041, the stock can experience a low of $0.74 by mid-year, closing the year at $1.09. This results in a -48.82% decrease from today.
Moving towards the end of 2050, CENN is projected to open the year at $0.80. The stock may dip to $0.60 during mid-year and finish the year at $1.58. Compared to the stock's current price, this translates to an overall gain of 8.66% by 2050.
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CENN : Buy, Sell Or Hold?
Analyst Ratings
No analyst ratings available for this stock.Expert Analysis
According to CENN short-term and long-term forecast, Cenntro Inc. shares are projected to go up by 8.97%, and reach a value of $1.58 per share by 2050.
As per technical analysis, indicators show a Bullish sentiment, while Fear & Greed Index stands at 42.857142857142854, which signals Fear. Also, CENN has recorded 9/30 green days, which reflects a 40.909090909090914% positivity rate with a price volatility of 0.02%.
Plus, Price-to-Earnings (P/E) ratio of 0 suggests that CENN stock is undervalued. So, Based on CENN prediction and analysis, it may be the best time to hold CENN stock right now.
Disclaimer: Stock predictions, forecasts and price targets provided for "CENN” are solely for informational and educational purposes and should not be treated as investment or financial advice. Always conduct your own research or consider consulting with a financial advisor before making any investment decisions.