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CN Energy Group. Inc. (CNEY) Stock: Uncovering 52-Week Market Trends

A stock’s 52-week high and low prices can offer a wealth of information about its current standing and prospective future performance. CN Energy Group. Inc.’s current trading price is -94.74% away from its 52-week high, while its distance from the 52-week low is 25.98%. The stock’s price range for this time frame has been between $0.11 and $2.68. The trading volume of the company’s shares in the Basic Materials reached around 5.06 million for the day, which was evidently higher than the average daily volume of 0.7 million over the last three months.

The current stock price for CN Energy Group. Inc. (CNEY) is $0.14. The stock experienced a significant increase during the last trading session, reaching $0.1479 after opening at $0.125. It dipped to a low of $0.1205 before ultimately closing at $0.12.

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CN Energy Group. Inc.’s stock has seen a rocky market performance. The company’s stock achieved a 1-year high of $2.68 on 11/17/22, and the lowest price during that time was $0.11, recorded on 09/12/23.

How Financial Performance Impacts Market Capitalization

CN Energy Group. Inc. (CNEY) has experienced a quarterly decline of -30.82% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 7.20M and boasts a workforce of 150 employees.

The Role of Moving Averages and Trading Volume in Technical Analysis

Based on Barchart.com data, the company’s moving average over the 100-day period was 0.1931, with a change in price of -0.0752. Similarly, CN Energy Group. Inc. recorded 763,277 in trading volume during the last 100 days, posting a change of -34.77%.

How CNEY’s Debt-to-Equity Ratio Affects Financial Health

A company’s financial condition and market reputation can be evaluated using the debt-to-equity (D/E) ratio. This ratio, calculated by dividing a company’s total liabilities by its shareholders’ equity, indicates the proportion of debt a company employs to back its assets in relation to its shareholders’ equity. At the time of writing, the total D/E ratio for CNEY stands at 0.06. Similarly, the long-term debt-to-equity ratio is also 0.01.

CNEY Stock Stochastic Average

The raw stochastic average for CN Energy Group. Inc. over the last 50 days is presently at 26.94%. This reflects a drop from the raw stochastic average of the previous 20 days, which was noted at 32.70%. Further, the company’s Stochastic %K and %D values for the last 20 days were 16.34% and 10.04%, respectively.

CNEY Stock Price Performance Analysis

A mixed performance in the stock price over the year has left investors unsure of what to expect, resulting in a range of outlooks from optimistic to pessimistic. The metric has seen a significant loss of -81.68% since the start of this calendar year. Looking back over the last six months, we can see a stronger performance of -32.81%. Over the past 30 days, the price of CNEY has leaped by -29.42%. And in the last five days, it has surged by 6.09%.

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