The shares of Cenntro Electric Group Limited were listed on the Nasdaq stock exchange via a reverse merger with the publicly traded NAKD Brand Group (NASDAQ: NAKD). After the merger, the stock symbol was changed to NASDAQ: CENN as the NAKD Brand group left its business of intimate apparel.

What Will CENN Stock Be Worth In 5 Years?

In the next five years, I expect the competition in the EV space to become even more fierce as many new players join the race. However, the Cenntro Electric Group will remain one of the pioneers in Electric Commercial Vehicles. If the company keeps making its vehicles more efficient and long-ranged, Cenntro stock price could see exponential growth like Tesla stock.

Why Is CENN Stock Dropping?

The ongoing slump in the Cenn stock price comes as no surprise. Firstly, the way the stock got listed on Nasdaq was not very attractive. The reverse merger of an ECV manufacturer with an intimate apparel business was frowned upon by many in the industry. It appeared to be a desperate move by the NAKD Brands Group to pump its stock price.

How To Buy CENN Stock?

If you are really looking to buy Cenn stock then there are many online brokers on which you can invest in NASDAQ: CENN. WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab are some of the most popular online brokers for US residents. Personally, I trade onÂ ExnessÂ where the signup is free from any hassle.

There are currently 158 institutional owners and major shareholders who currently hold the stock of Cenntro Electric Group. According to the 13D/G or 13F filings of these institutions and high-net-worth individuals, they collectively hold 26,499,134 shares. BlackRock Inc., State Street Corp, IWM - iShares Russell 2000 ETF, and Geode Capital Management are some of the largest shareholders in this regard.