CBAK Energy Technology Inc (NASDAQ:CBAT) does about 291.28K shares in volume on a normal day but saw 173185 shares change hands in the recent trading day. The company now has a market cap of 81.27M USD. Its current market price is $0.85, marking an increase of 6.27% compared to the previous close of $0.80. The 52 week high reached by this stock is $2.08 whilst the lowest price level in 52 weeks is $0.77.
CBAK Energy Technology Inc (CBAT) has a 20-day trading average at $0.8829 and the current price is -59.12% off the 52-week high compared with 10.42% distance from its 52-week low. The 50-day simple moving average of the closing price is $0.9670 and its 200-day simple moving average is $1.1229. If we look at the stock’s price movements over the week, volatility stands at 7.79%, which decreases to 6.60% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 45.50 to suggest the stock is neutral.
The consensus objective for the share price is $2.00, suggesting that the stock has a potential upside of 57.5% over the period.
The current price level is -3.75%, -12.09%, and -24.28% away from its SMA20, SMA50, and SMA200 respectively, with the CBAT price moving above the 50-day SMA on current market day. CBAK Energy Technology Inc (CBAT) stock is down -0.17% over the week and -3.64% over the past month. Its price is -18.33% year-to-date and -19.10% over the past year.
The company’s next earnings report forecasts estimating quarterly EPS at 0 and 0 for whole year. Expected sales for next quarter are $52.16M, which analysts say will come at $201.35M for the current fiscal year and next year at $229.1M. In addition, estimates put the company’s current quarterly revenue at an average of $50.11M.
To reach the target analysts have set, the stock logically needs to grow 57.5 percent from here.
Outstanding shares total 89.94M with insiders holding 19.83% of the shares and institutional holders owning 2.28% of the company’s common stock. The company has a return on investment of 8.61% and return on equity of 9.38%. The price to earnings ratio (P/E ratio) amounts to 6.67 while the forward price to earnings ratio is 7.73. The beta has a value of 1.76. Price to book ratio is 0.58 and price to sales ratio is 0.39.
