Key Highlights

  • The stock was quoted at USD 0.16 in pre-market on Friday, November 13, 2026, a 12.09% drop that implies a prior close near USD 0.18 (calculated from the screener move).
  • A 1-for-60 reverse split took effect on April 13, 2026, cutting the share count from roughly 87.9 million to about 1.46 million, per a published report.
  • Nasdaq said on April 27, 2026 that closing bids held at or above USD 1 through ten Business days between April 13 and April 24, resolving the minimum bid issue.
  • Revenue for the quarter ended September 30, 2025 dropped 71% to USD 4.6 million, and the net loss shrank to USD 6.7 million, down from roughly USD 9 million.

A Quote Below USD 0.20 With No Announcement Attached

Nothing the company released between November 11 and 13, 2026 accounts for the drop, based on what was located. Cenntro (NASDAQ:CENN) makes electric commercial vehicles, principally Class 1 to Class 4 trucks. A price this low looks odd for a stock that was above USD 1 after the April 2026 reverse split, and the USD 0.16 figure covers pre-market only. Screener quotes for micro caps can be skewed, and this level could not be tied to a regular-session close, so caution is needed. If that quote holds, the shares have given up the bulk of their post-split value in under seven months.

Path From the 1-for-60 Split Back Under USD 1

The 1-for-60 consolidation was announced on April 9, 2026 by Cenntro (NASDAQ:CENN), and reports in published coverage described a slide of over 30% that day, reaching a record low. The split aimed to cure a bid-price deficiency: An April 25, 2025 Nasdaq notice came first, followed by a 180-day extension granted October 24, 2025; once the ten-day test finished, the company was back in line on April 27, 2026. One headline tied a USD 100 million share program to a roughly 46.5% drop; the timing and conditions remain unconfirmed. A reverse split cuts the share count without changing the company's value, and shares frequently slide once fresh stock hits the market.

Last Reported Revenue Drop and the Risks Ahead

The latest numbers located date from the quarter ended September 30, 2025: sales dropped 71% to USD 4.6 million, losses contracted to USD 6.7 million, and Assets fell to USD 112.7 million from roughly USD 132 million. Later quarters, 2026 included, could not be pulled, leaving the present financial position unverified. Main hazards: a fresh bid-price deficiency should the quote remain well under USD 1, more dilution as shares are issued, and weak Demand for electric commercial vehicles. Thin trading lets a few orders jolt a stock like this, spreads may be wide, and a quote may retrace. Watch the Quarterly Report and whether Nasdaq sends a notice. Investors can judge the trajectory only once later filings are retrieved.

Where Things Stand

No new company news explains the 12.09% pre-market drop, which makes it a caution flag rather than proof. Having cleared Nasdaq's bid rule in April 2026 following its 1-for-60 split, Cenntro (NASDAQ:CENN) now quotes far under USD 1, while the most recent verified sales number points to a sharp drop. Attention will go to any Nasdaq notice, new share sales under a potential stock program and the next quarterly update. Caution is warranted because the screener quote may not reflect a regular-session price.