Today, we will look at Cenn Stock Price Prediction 2030 and how FSR Stock is likely to do from 2024 to 2060. We will use our research and the company’s growth chances to guess this price. Then by the end of our study, we hope that you get a clearer idea on how much CENN stock is thought to be worth soon.
Contents
- 1 CENN Company Overview
- 2 Financial Overview of Cenntro | CENN Financial Overview
- 3 CENN Stock Price Chart | CENN Financials
- 4 CENN Revenue Chart
- 5 Cenntro Electric Group Competitors/ CENN Competitors
- 6 Growth Opportunities with Cenntro Electric Group
- 7 Risk associated with with Cenntro Electric Group
- 8 Major Shareholder of CENN or Who are Cenntro Electric Group’s major shareholders?
- 9 Should you buy Cenn Stock?
- 10 CENN Stock Price Prediction 2024 to 2050
- 10.1 CENN Stock Price Prediction 2024 | CENN Stock Forecast 2024
- 10.2 CENN Stock Price Prediction 2025 | CENN Stock Forecast 2025
- 10.3 CENN Stock Price Prediction 2026 | CENN Stock Forecast 2026
- 10.4 CENN Stock Price Prediction 2027 | CENN Stock Forecast 2027
- 10.5 CENN Stock Price Prediction 2028 | CENN Stock Forecast 2028
- 10.6 CENN Stock Price Prediction 2029 | CENN Stock Forecast 2029
- 10.7 CENN Stock Price Prediction 2030 | CENN Stock Forecast 2030
- 10.8 CENN Stock Price Prediction 2040 | CENN Stock Forecast 2040
- 10.9 CENN Stock Price Prediction 2045 | CENN Stock Forecast 2045
- 10.10 CENN Stock Price Prediction 2050 | CENN Stock Forecast 2050
- 11 FAQs about Cenn Stock Price Prediction
- 11.1 What is the Cenntro Electric Group Limited stock prediction for 2025?
- 11.2 What is the Cenntro Electric Group Limited stock prediction for 2030?
- 11.3 Is Cenntro Electric Group Limited a good stock to buy?
- 11.4 How CENN stock price predictions calculated?
- 11.5 Should I invest in Cenn Stock?
- 11.6 What are the Benefits of holding of Cenn Electric for long term?
- 11.7 What are the risks associated with investing in Cenn stock?
- 11.8 How to buy CENN Stock?
- 11.9 What’s the current price of CENN Stock?
- 11.10 What is the 52-week low and high of the Cenntro (CENN) Stock?
- 11.11 What is the market capitalization of Cenntro (CENN) Stock?
- 11.12 When is the next earnings date for Cenntro (CENN)?
- 12 Disclaimer
CENN Company Overview
Cenntro is a renowned worldwide leader in the design, production, and distribution of electric urban delivery vehicles. The company provides a comprehensive range of product lines that aid in the development of smarter, more sustainable, and productive solutions to meet the business needs of their customers.
Cenntro’s extensive product portfolio includes vehicles for last-mile delivery, urban logistics, city services, sustainable farming, and grounds care, including Class 4 vehicles.
Company is a well-known company that specializes in the design and manufacturing of electric light and medium-duty commercial vehicles across Europe, North America, and Asia. It’s a renowned provider of corporate and government organizations, catering to their unique transportation needs.
The company was previously known as Naked Brand Group Limited but underwent a name change to Cenntro Electric Group Limited in December 2021. Established in 2013, the company has its headquarters in Freehold, New Jersey, and has been providing innovative solutions in the electric vehicle industry for years.
Financial Overview of Cenntro | CENN Financial Overview
| Company Parameters | Value |
| Stock Name | Cenntro Electric Group Limited |
| Stock/Ticker Symbol | CENN |
| Stock Exchange | NASDAQ |
| Market Cap | 36.53M |
| Revenue (ttm) | 15,281 |
| Net Income (ttm) | N/A |
| Shares Out | 30.44M |
| EPS (ttm) | -4.14 |
| PE Ratio | N/A |
| Previous Close | 1.2100 |
| Open | 1.2000 |
| Day’s Range | 1.1600 – 1.2084 |
| 52-Week Range | 1.0000 – 87.1000 |
| Beta | 2.61 |
| Analysts | N/A |
| Price Target | N/A |
| Earnings Date | Feb 13, 2024 |
| Official Website | CENN AUTO |
CENN Stock Price Chart | CENN Financials
CENN Revenue Chart
CENN Revenue History
Cenntro Electric Group Competitors/ CENN Competitors
Below are companies are direct or indirect competitor of Centro Electric Group and these are –
- Vicinity Motor (VEV),
- Electrameccanica Vehicles (SOLO),
- Faraday Future Intelligent Electric (FFIE),
- REE Automotive (REE),
- Arrival (ARVL),
- Workhorse Group (WKHS),
- Zoomcar (ZCAR),
- Vroom (VRM),
- Cepton (CPTN), and
- Phoenix Motor (PEV)
Read More – Accelerate Your Wealth: Fisker Stock Price Prediction 2030 2040 2050 2060 – Positive Outlook for Investors!
Growth Opportunities with Cenntro Electric Group
Growth Opportunities with CENN – Cenntro Electric Group has the potential to grow by enhancing their production capacity, introducing new and innovative models, and leveraging their current positive sales momentum. These growth strategies can help them to strengthen their position in the market and increase their revenue.
Record Production Milestone
- Cenntro, a leading electric vehicle manufacturer, has achieved a remarkable milestone in 2021 by producing a total of 1,623 electric commercial vehicles (ECVs).
- The highest volume month was in December 2021, when 628 ECVs were produced and shipped.
- Cenntro’s product portfolio includes a wide range of Class 1 to Class 4 vehicles that cater to diverse commercial needs, making it a reliable choice for businesses looking for sustainable transportation solutions.
New Vehicle Models
- In fiscal 2021, CENN launched four new vehicle models that have garnered positive feedback from both European and American channel partners and customers.
- This expansion of its product lineup is expected to increase the company’s reach in the market and enhance its appeal to customers.
Global Expansion
- Cenntro, a company known for its innovative approach to production, has adopted a scalable and decentralized production model that enables it to grow without incurring huge infrastructure costs.
- The company is set to expand its production capacity in the first quarter of 2022 by setting up new facilities in Jacksonville, Florida and Dusseldorf, Germany.
- This move is expected to significantly boost the company’s assembly, sales, and after-market service capabilities, making it better positioned to meet the growing demand for its products.
Positive Sales Momentum
- In Q3 2023, the sales momentum of the company has shown a significant increase as they expanded their distribution.
- The company has sold 298 vehicles in Q3 2023, which is a significant increase from 235 vehicles sold in Q2 2023 and 70 vehicles sold in Q3 2022.
- The newly launched vehicle models, including the LS260®, have surpassed the estimated demand, indicating their popularity among the customers.
- Another product of the company, the iChassis, has also shown positive sales momentum as 103 units were sold in the same quarter.
US Assembly and Manufacturing Facility
- CENN, a leading manufacturer of electric vehicles, is gearing up to expand its production capacity at its facility in Ontario, California in the fourth quarter of 2023.
- The facility is equipped to assemble and distribute a range of models, including TeeMak, Metro, and Logistar 400.
- California’s flourishing EV market and strategic location make it an ideal choice for CENN’s growth plans and sales expansion.
Optimism Amid Uncertainty
- Cenntro, despite the current uncertain economic and global political environment, expresses optimism about sales growth.
- The company’s financial strength, expanded lineup, and strategic facilities are key factors that position it for continued success.
Risk associated with with Cenntro Electric Group
Risk associated with with CENN -When considering investments, it’s essential to evaluate the risks associated with the company. In this case, let’s take a look at the investment risks linked with Cenntro Electric Group Limited (CENN).
- Market Capitalization and Financial Metrics
As of January 19, 2024, CENN’s market capitalization is about $31.7 million, which is in the 23rd percentile among companies in the Auto & Truck Manufacturers industry 1. The company has a negative price-to-earnings ratio (P/E) in the last 12 months 1. Given the limited revenue and profit margins, investors should carefully evaluate the company’s financial health.
- Industry Challenges
The auto industry is inherently cyclical, and CENN faces headwinds due to factors like factory closures, reduced foot traffic at dealerships, and supply-chain disruptions caused by the COVID-19 pandemic 1. The semiconductor chip shortage has also impacted the auto sector, affecting production and sales. Although factors like rebounding GDP, consumer stimulus, declining unemployment, and low-interest rates may support sales volumes, U.S. light vehicle sales remain below pre-pandemic levels 1.
- ESG (Environmental, Social, and Governance) Risks
CENN’s ESG Risk Rating is 28.6, indicating medium risk 2. While the company focuses on electric commercial vehicles, investors should consider its environmental impact, governance practices, and social responsibility. ESG factors can significantly influence investor sentiment and long-term sustainability.
- Volatility and Uncertainty
CENN’s stock has experienced significant volatility, with a 52-week low of $1.00 and a high of $8.71 1. Investors should be prepared for fluctuations and uncertainties in the EV market and regulatory landscape.
- Lack of Dividends
CENN does not currently pay dividends, which may affect income-seeking investors.
- Company-Specific Concerns
Investigate any warning signs associated with CENN, including financial performance, management decisions, and legal matters 3. Analyze the company’s unaudited financial results and gross profit figures 4.
In conclusion, while Cenntro Electric Group has growth potential in the EV industry, investors should carefully evaluate the risks, monitor industry trends, and consider their risk tolerance before investing.
- State Street Corp holds approximately $3.53 million worth of CENN shares.
- Mitsubishi UFJ Kokusai Asset Management Co. Ltd. has invested around $0.74 million.
- AQR Capital Management LLC holds approximately $0.62 million.
- Goldman Sachs Group Inc. has invested around $0.52 million.
- Geode Capital Management LLC holds approximately $0.50 million.
- Renaissance Technologies LLC has invested around $0.39 million.
- Y Intercept Hong Kong Ltd holds approximately $0.35 million.
Mutual Fund Holders
- Fidelity NASDAQ Composite Index ETF owns 62,861 shares as of September 29, 2023.
- Fidelity NASDAQ Composite Index Fund holds 20,890 shares as of August 30, 2023.
- Victory Portfolios III-Victory Extended Market Index Fd has 1,860 shares as of July 30, 2023.
- SPDR ® Idx Shares-SPDR ® S&P ® International Small Cap ETF owns 10,817 shares as of September 29, 2023.
- Tidal Tr II-Carbon Collective Climate Solutions U.S. Equity ETF holds 588 shares as of July 30, 2023.
- Nationwide Multi Cap Portfolio has 98 shares as of July 30, 2023.
- Blackstone Alternative Multi-Strategy Fund owns 1 share as of June 29, 2023.
Top Shareholders
- The top 25 shareholders collectively own 30.68% of the company
Should you buy Cenn Stock?
CENN Stock Price Prediction 2024 to 2050
| CENN Stock Price Prediction | Min Price | Max Price | |
| 2024 (Mar) | $ 0.845 | $ 1.403 | |
| 2025 (Jan) | $ 1.593 | $ 1.912 | |
| 2026 | $ 2.121 | $ 2.415 | |
| 2027 | $ 2.650 | $ 2.919 | |
| 2028 | $ 3.102 | $ 3.422 | |
| 2029 | $ 3.747 | $ 3.922 | |
| 2030 | $ 4.142 | $ 4.456 | |
| 2040 | $ 4.720 | $ 4.901 | |
| 2045 | $ 5.112 | $ 5.401 | |
| 2050 | $ 7.102 | $ 7.778 |
CENN Stock Price Prediction 2024 | CENN Stock Forecast 2024
| CENN Stock Price Prediction | Min Price | Max Price |
| 2024 (Mar) | $ 0.845 | $ 1.403 |
CENN Stock Price Prediction 2025 | CENN Stock Forecast 2025
| CENN Stock Price Prediction | Min Price | Max Price |
| 2025 (Jan) | $ 1.593 | $ 1.912 |
CENN Stock Price Prediction 2026 | CENN Stock Forecast 2026
| CENN Stock Price Prediction | Min Price | Max Price |
| 2026 | $ 2.121 | $ 2.415 |
CENN Stock Price Prediction 2027 | CENN Stock Forecast 2027
| CENN Stock Price Prediction | Min Price | Max Price |
| 2027 | $ 2.650 | $ 2.919 |
CENN Stock Price Prediction 2028 | CENN Stock Forecast 2028
| CENN Stock Price Prediction | Min Price | Max Price |
| 2028 | $ 3.102 | $ 3.422 |
CENN Stock Price Prediction 2029 | CENN Stock Forecast 2029
| CENN Stock Price Prediction | Min Price | Max Price |
| 2029 | $ 3.747 | $ 3.922 |
CENN Stock Price Prediction 2030 | CENN Stock Forecast 2030
| CENN Stock Price Prediction | Min Price | Max Price |
| 2030 | $ 4.142 | $ 4.456 |
CENN Stock Price Prediction 2040 | CENN Stock Forecast 2040
| CENN Stock Price Prediction | Min Price | Max Price |
| 2040 | $ 4.720 | $ 4.901 |
CENN Stock Price Prediction 2045 | CENN Stock Forecast 2045
| CENN Stock Price Prediction | Min Price | Max Price |
| 2045 | $ 5.112 | $ 5.401 |
CENN Stock Price Prediction 2050 | CENN Stock Forecast 2050
| CENN Stock Price Prediction | Min Price | Max Price |
| 2050 | $ 7.102 | $ 7.778 |
FAQs about Cenn Stock Price Prediction
What is the Cenntro Electric Group Limited stock prediction for 2025?
Based on the analysis of the past 10 years, our Cenntro Electric Group Limited stock prediction for 2025 suggests that the CENN stock will be valued at $1.912. This forecast is a product of careful consideration of the average growth rate of the stock over the last decade.
What is the Cenntro Electric Group Limited stock prediction for 2030?
Based on the analysis of the past 10 years, our Cenntro Electric Group Limited stock prediction for 2025 suggests that the CENN stock will be valued at $4.456. This forecast is a product of careful consideration of the average growth rate of the stock over the last decade.
Is Cenntro Electric Group Limited a good stock to buy?
When considering the long-term price outlook of Cenntro Electric Group, several factors come into play. One of the key factors is the company’s ability to innovate and introduce new and improved products to the market. Additionally, the level of demand for electric vehicles among consumers will affect the prices of Cenntro’s products.
The rate of technological advancement, the level of competition in the market, and the global trends in sustainable transportation will also contribute to the long-term price outlook of Cenntro Electric Group.
How CENN stock price predictions calculated?
To calculate Cenntro Electric Group’s stock price predictions, a comprehensive analysis is conducted using various methods. These include technical analysis, which takes into account historical data and price trends, fundamental analysis, which evaluates the company’s financial performance and overall industry trends, and sentiment analysis, which gauges investor sentiment towards the stock. By combining these different analyses, a more accurate prediction of the stock’s future price can be made.
Should I invest in Cenn Stock?
For now Cenn shows negative growth, but many analyst gave recommendation to hold this stock for medium to long term.
What are the Benefits of holding of Cenn Electric for long term?
Investors who are interested in gaining exposure to the rapidly growing electric vehicle market may consider holding Cenntro Electric Group stock for the long term. Such an investment may not only provide capital appreciation potential, but also align with the sustainable investing trends that are gaining traction in today’s market.
What are the risks associated with investing in Cenn stock?
It is important to note that investing in any stock carries risks. In the case of Cenntro Electric Group Limited, some of the risks to consider include market volatility, changes in consumer preferences, competition within the electric vehicle industry, regulatory changes, and the company’s ability to execute its business strategy effectively.
How to buy CENN Stock?
We can purchase stock via any brokerage firm, including online brokerage services.
What’s the current price of CENN Stock?
As of 11th Jan 2024, the end of day price of an Cenntro (Cenn) share is $1.200.
What is the 52-week low and high of the Cenntro (CENN) Stock?
The 52-week low and high of the Cenntro Stock is 1.000 and 87.100 respectively.
What is the market capitalization of Cenntro (CENN) Stock?
As of the 12th Jan, the market capitalization of Cenn is 36.53M.
When is the next earnings date for Cenntro (CENN)?
The scheduled earnings date for Cenn is 13th Feb 2024.
This prediction is based on the stock’s average growth over the past 10 years. However, it is important to keep in mind that stock prices can be affected by a variety of factors, so any predictions should be taken with a grain of salt and should not be considered a guarantee.
Disclaimer
It’s important to note that the information provided in this article [CENN Stock Price Prediction 2030] is intended for educational purposes only. We do not encourage or advise buying any stock based solely on this information.
Investing in the stock market can be highly risky, and it is essential to conduct thorough research on a company and its stock performance before making any investment decisions. Seeking advice from a financial advisor can also be beneficial in making informed investment choices. Remember to always exercise caution and diligence when investing your hard-earned money in the stock market.
