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In a challenging year for CM Seven Star Acquisition Corporation (NASDAQ: KXIN), the company’s stock has plummeted to a 52-week low, trading at just $0.8. With a market capitalization now at just $2.37 million and a concerning current ratio of 0.33, the company’s financial health score on InvestingPro is rated as WEAK. This latest price level underscores a tumultuous period for the automotive dealership group, which has seen its shares erode by a staggering 92.48% over the past year. Investors have been navigating a complex landscape of market volatility and industry-specific headwinds, which have significantly impacted KXIN’s stock performance, leading to this new low watermark. InvestingPro analysis indicates the stock is currently in oversold territory, with 14 additional real-time insights available to subscribers.
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