How to Buy Cenntro Stock
Cenntro Inc
Cenntro Electric Group Limited designs and manufactures electric light and medium-duty commercial vehicles in Europe, North America, and Asia. It serves corporate and governmental organizations.
Cenntro stock last closed at $1.52, down 0.65% from the previous day, and has decreased 57.98% in one year. It has overperformed other stocks in the Auto Manufacturers industry by 0.12 percentage points. Cenntro stock is currently +52% from its 52-week low of $1.00, and -69.61% from its 52-week high of $5.00.
As of Apr 24, 2024, there are 30.83M shares of CENN outstanding. The market capitalization of CENN is $46.86M. In the past 24 hours, 64,092 CENN shares were traded.
How to Buy Cenntro Stock
Not sure how to invest in Cenntro stock? Here's how.
- Figure out where to buy Cenntro stock: You need to pick a stock brokerage, but don't worry - we've tried dozens of online brokerages and apps to help you determine where to buy Cenntro stock.
- Sign up for your brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've identified.
- Put funds into your investment account: Pick your payment method and add your information.
- Research Cenntro stock: The Cenntro ticker symbol is CENN. Is Cenntro stock a good investment? Should you buy shares of CENN? How do CENN's underlying business fundamentals look? Do top analysts think Cenntro is a good buy? Why has CENN's stock price moved recently? (Hint: Our stock research tools can help you understand if CENN is a good stock to buy).
- Make your CENN trade: Decide if you will purchase CENN shares at the current market price or use a limit order to buy CENN shares at a particular price.
- Get the latest news on your CENN position: Create a watchlist to get the latest news on your position in Cenntro stock.
Step 1: Figure out where to buy Cenntro stock
You need an online brokerage account to access the NASDAQ market and buy CENN shares.
Our preferred brokerage: eToro
Based on our experience, eToro is the best stock brokerage. eToro gives you:
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- Social investing: eToro boasts a community with more than 20 million users globally. Talk to, learn from, and copy the crypto trades of other investors.
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- Buy other financial assets: Such as ETFs and cryptos.
Get $10 towards your purchase of stock by opening an account with eToro now.
Open eToro AccountStep 2: Sign up for your brokerage account
Now that you've selected your brokerage, it's time to fill out some personal details so you are able to buy CENN stock today.
How to Start a New Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Input your personal data to start a new trading account.
- Send your details by hitting the "Create Account" button. Get started with eToro today
Step 3: Put funds into your investment account
Now that you have opened your account on the best stock trading app for beginners, you need to deposit funds:
Watch this video walkthrough for more details transferring funds into your brokerage account.
Step 4: Research Cenntro stock
After you have decided on the best place to buy Cenntro stock, it's absolutely critical to research their stock prior to investing, so you can understand the risk as well as the opportunity.
Cenntro Numbers
Fundamentals of CENN
WallStreetZen was designed to help everyday investors perform more in-depth fundamental analysis in less time.
You can see all of the due diligence checks on CENN's stock page.
Is CENN stock overvalued?
Investors use a variety of different financial metrics, analyses, models, and charts to gauge CENN's intrinsic value.
Using relative valuations measures:
- CENN may be undervalued based on its P/B ratio of 0.38x, relative to Auto Manufacturers industry P/B ratio of 2.11x
You can do more valuation analysis on CENN's stock here.
CENN Financial Overview
Passed Financial Due Diligence Checks:
- There are more short-term assets than short-term liabilities on the CENN balance sheet.
- Total CENN debt is lower than 5 years ago, relative to shareholder equity.
- There are more short-term assets than long-term liabilities on the CENN balance sheet.
Failed Financial Due Diligence Checks:
- CENN has $33.81M in cash and short term investments. This is not enough to cover its annual cash burn of $67.20M.
- CENN has cash burn of 67204466. It does not have enough cash and short-term investments to cover this.
- CENN profit margin has gone up by 9.86 percentage points in the past year, but the company is still unprofitable.
- CENN has a relatively high debt to equity ratio of 0.52.
CENN Momentum
CENN Growth Metrics
Last year, CENN revenue was $22.08M. In the past five year, CENN's revenue has increased by -18.93% per year. This was slower than the Auto Manufacturers industry average of 35.74%.
You can research CENN's earnings and revenue performance here.
What are CENN executives and large shareholders up to?
In the past year, insiders at CENN have not bought or sold any shares.
Learn more about who owns CENN shares here.
Can I get consistent income from CENN stock?
No, Cenntro doesn't provide an income stream by paying out dividends.
CENN Social Trading Data
One of the biggest reasons eToro is our highest-rated brokerage is because of its social trading community.
Click below to find out what other traders have to say.
Step 5: Make your CENN trade
There are two primary types of orders:
- Market order: A market order is an order to buy or sell a stock at the best possible price.
Market orders are generally the best for newer investors. - Limit order: A limit order lets you buy or sell a security at a specific price (or better).
If you want to make sure you're buying or selling at a particular dollar amount limit, use a limit order.
Press the Open Trade button and your broker will place the order.
If you need more info about buying stocks on eToro, click the helpful video below:
Step 6: Get the latest news on your CENN position
Now that you own some shares in CENN, you'll want to keep up with your new investment.
Create a watchlist to keep tabs on your CENN stock.
CENN Feed
How to Buy Stock in Cenntro
To reiterate, here are the 6 steps for buying Cenntro stock:
- Figure out where to buy Cenntro stock
- Sign up for your brokerage account
- Put funds into your investment account
- Research Cenntro stock
- Make your CENN trade
- Get the latest news on your CENN position
If you need a brokerage account, eToro is our recommended venue.
Get Started with eToro TodayIf you want to track your new investment in Cenntro, create a watchlist on WallStreetZen today.
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