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CN Energy Group. Inc. (CNEY): The long term indicators on the stock say Sell today

CN Energy Group. Inc. (CNEY) saw downtrend of -16.00% in the recent trading with $0.21 being its most recent. The current price level -92.78% lower than the highest price of $2.91 marked by the stock while trading over the past 52-weeks, whereas it is -12.50% higher than the lowest price of $0.24 the company dropped to over past 52-weeks. The latest news story on CNEY appeared in Simply Wall St. under the title “The Market Doesn’t Like What It Sees From CN Energy Group. Inc.’s (NASDAQ:CNEY) Earnings Yet As Shares Tumble 57%” on Feb-11-23.

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Squeezing the time span to 30 day period shows us the stock is currently trading -44.43% below one month high and is +3.96% above of the lowest during that time. Looking into the simple moving average, CN Energy Group. Inc. (CNEY)’s stock stands at a SMA-50 of $0.6074 while that of 5-day is reading $0.2411.

Daily rise and fall of price influence many of the traders, and in order to overcome the fluctuating effect of that and to watch the stock closely, traders focus more on stock’s 200-day moving average. At various points in trading activity, investors are more likely to be making use of that measure as a strong indicator in figuring out their support and resistance levels, and CNEY’s SMA-200 as of now is $1.5497.

CN Energy Group. Inc. Earnings – What Happened With CNEY

Coming around sales and income figures on CNEY Stock Income Statement, public trading companies under normal circumstances post earnings and revenues near to average estimates by the Wall Street analysts, but those could came either above or below estimates and known as surprise factor. During the reported three-month period, company’s sales were $13.65 billion.

CNEY – CN Energy Group. Inc. Stock Earnings Estimates

Investors get the exact data about the key information of institutional ownership in a listed company through its 13F filings at the Stock Exchange Commission (SEC). The total number of common shares currently owned by the public is 42.42 million. CNEY does have institutional investors; and they hold 0.20% of the stock.

CN Energy Group. Inc. – Insider Activity and Holdings

The liquidity is a key characteristic of any stock and is the main point of focus of both short-term as well as long term investors before start trading into a stock. In recently reported quarter, current ratio recorded by CN Energy Group. Inc. was 8.66 while posting a debt to equity ratio of 0.06.

Technical Analysis of CN Energy Group. Inc. (NASDAQ:CNEY) stock

To comprehend better with the trade moves and investors’ behavior, exploring the short, medium and long term technical indicators along with average volume of a stock is an effective way to make use of. When looking into those indicators for CN Energy Group. Inc. (CNEY), we notice that the stock’s 20-day average volume is at 622,525 shares and 100% of short term indicators are suggesting the stock as Sell. Medium term indicators at an average of 100% are spotting the stock at Sell with its 50-day average volume of 1,541,310 shares. And to end, CNEY’s 100-day average volume is 1,175,608 shares with 100% of the long-term indicators pointing towards Sell for the stock.

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