CN Energy Group Inc. (CNEY) has reached a new 52-week low, with its shares trading at a mere 0.38 USD. This marks a significant downturn for the company, which has seen its stock price plummet over the past year. The 52-week low of 0.38 USD is a stark contrast to the company's previous performance, indicating a challenging period for the energy firm. Over the past year, CN Energy Group has experienced a drastic decrease in its stock value, with a 1-year change of -92.64%. This substantial decline reflects the company's struggle to maintain its market position amidst a challenging economic environment.
InvestingPro Insights
The recent plummet of CN Energy Group Inc. (CNEY) to a new 52-week low is a testament to the challenges the company faces. InvestingPro data highlights a market capitalization of just 1.14M USD, reflecting the company's significantly decreased valuation. With a Price / Book multiple of merely 0.01 as of the last twelve months ending in Q4 2023, CNEY is trading at a low valuation relative to its book value, which could attract investors seeking undervalued stocks. Despite a revenue growth of 44.01% over the same period, the company's financial health is concerning, as evidenced by a Gross Profit Margin of only 1.02%, suggesting that the company retains very little from its sales as gross profit.
InvestingPro Tips for CNEY indicate that the company operates with a significant debt burden and may have trouble making interest payments on its debt. Additionally, while the company's liquid assets exceed its short-term obligations, providing some financial flexibility, the overall picture is one of a company that is quickly burning through cash. For investors considering this stock, these factors should be weighed carefully. For more in-depth analysis and additional tips on CN Energy Group, visit InvestingPro. Readers looking to access more exclusive insights can use coupon code PRONEWS24 to get up to 10% off a yearly Pro and a yearly or biyearly Pro+ subscription. InvestingPro provides 18 additional tips for CNEY, offering a comprehensive understanding of the company's financial and market position.
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