Key Highlights

  • Cenntro (NASDAQ:CENN) was trading down 12.09% at USD 0.16 in pre-market on Friday, November 13, 2026, implying a prior close of about USD 0.18 (calculated from the screener move).
  • The company executed a 1-for-60 Reverse Stock Split effective April 13, 2026, cutting shares outstanding from about 87.9 million to roughly 1.46 million, according to a published report.
  • Nasdaq confirmed on April 27, 2026 that the closing bid was at or above USD 1 for ten consecutive Business days from April 13 to April 24, closing the minimum bid matter.
  • Revenue in the quarter ended September 30, 2025 fell 71% to USD 4.6 million, while the net loss narrowed to USD 6.7 million from about USD 9 million.

A Sub-USD 0.20 Quote and No Announcement Behind It

No company announcement dated November 11 to November 13, 2026 that explains the drop was found. Cenntro (NASDAQ:CENN) makes electric commercial vehicles, focused on Class 1 to Class 4 trucks. The pre-market quote of USD 0.16 is the figure of record for pre-market only, and it looks surprisingly low for a stock that traded above USD 1 after the April 2026 reverse split. Because the screener's quote can be distorted for micro caps, the level could not be matched to a regular-session close, and it should be read with caution. If it is accurate, the stock has lost most of its post-split value within seven months.

From the 1-for-60 Reverse Split to a Return Below USD 1

Cenntro (NASDAQ:CENN) announced the 1-for-60 reverse split on April 9, 2026, and published reports said the shares fell more than 30% that day to an all-time low. The split was meant to cure a bid-price deficiency: Nasdaq had sent a notice on April 25, 2025 and granted a 180-day extension on October 24, 2025. After the ten-day test, the company regained compliance with the minimum bid rule on April 27, 2026. A headline in published coverage also referred to a USD 100 million share program alongside a decline of about 46.5%, but its date and terms were not confirmed here. Reverse splits reduce the share count without changing a company's value, and shares often fall afterward when new stock is issued.

Revenue Down 71% and Where the Risks Sit

The most recent figures found are for the quarter ended September 30, 2025, when Revenue fell 71% to USD 4.6 million, the net loss narrowed to USD 6.7 million and total Assets declined to USD 112.7 million from about USD 132 million. Later results, including 2026 quarters, were not retrieved, so the current financial position is not confirmed. Key risks are a renewed Nasdaq bid-price problem if the price stays far below USD 1, further dilution through share issuance, and weak sales of electric commercial vehicles. A small number of trades can move a stock like this, spreads can be wide and a quoted move can reverse. The next markers are the quarterly results and any Nasdaq notice.

Where Things Stand

The 12.09% pre-market drop may be a warning sign, but no new company news explains it. Cenntro (NASDAQ:CENN) regained Nasdaq compliance in April 2026 after a 1-for-60 reverse split, yet the quoted price of USD 0.16 is again far under USD 1, and the latest verified revenue figure shows a steep fall. Investors will watch for any Nasdaq notice, share issuance under a possible stock program and updated quarterly results.