CBAK Energy Technology Inc (NASDAQ:CBAT) currently has a daily average trading volume of 521.46K but it saw 2200967 shares traded in last market. With a market cap of 73.58M USD, the company’s current market price of $0.94 came falling about -12.96 while comparing to the previous closing price of $1.08. In past 52 weeks, the stock remained buoying in the range of price level as high as $2.08 and as low as $0.77. In the recent trading on the day, stock has struck highest price mark of $0.91 while lowest mark touched by it was $1.08.
Taking a look at 20-day trading activity of CBAK Energy Technology Inc (CBAT) gives us an average price of $0.8928, while its current price level is -54.81% below from 52-week high level whereas it is 22.08% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $0.9599 while that of 200 days or SMA-200 reads an average of $1.1202. A closer look into the stock’s movement over the week reveals that its volatility is standing at 16.19% during that period while stretching the period over a month that decreases to 8.42%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 51.86 which implies that the stock is in neutral territory.
Over the week, CBAT’s stock price is moving 17.50% up while it is -0.31% when we observe its performance for the past one month. Year-to-date it is -10.48% down and over the past year, the stock is showing a downside performance of -10.48%.
The company is expected to be releasing its next quarterly report in February, for which analysts forecasted an EPS of 0 while estimate for next year EPS is 0. In next quarter, company is expected to be making quarterly sales of $52.16M as analysts are expecting the sales for current fiscal year at $201.35M and seeing the company making $229.1M in sales next year. Moreover, analysts are in estimates of $50.11M for current-quarter revenue.
Currently, CBAK Energy Technology Inc’s total number of outstanding shares is 89.94M. Company’s return on investment (ROI) stands at 8.61% and return on equity (ROE) at 9.38%. It has a price to earnings ratio (P/E ratio) of 7.38 while having a 8.55 of forward P/E ratio. Stock’s beta reads 1.71. Stock has a price to book (P/B) ratio of 0.64 while price to sale or P/S ratio amounts to 0.35. Its return on asset (ROA) is 3.97% on average.
