So Far This Year, CBAK Energy Technology Inc. (CBAT) Reached A New High 4 times

As of Friday close, CBAK Energy Technology Inc.’s (NASDAQ:CBAT) stock was up $0.15, moving up 15.64 percent to $1.11. The average number of shares traded per day over the past five days has been 1,364,080 shares. 4 times new highs have been achieved over the past 5 days, with a $0.0300 gain in that time frame. In the last twenty days, the average volume was 777,775, while in the previous 50 days, it was 1,035,026.

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Since last month, CBAT stock retreated -8.26%. Shares of the company fell to $0.9208 on 05/12/22, the lowest level in the past month. A 52-week high of $5.10 was reached on 01/03/22 after having rallying from a 52-week low of $0.92. Since the beginning of this year, CBAT’s stock price has dropped by -28.85% or -$0.4500, and marked a new high 1 time. However, the stock has declined by -78.23% since its 52-week high.

Valuation Metrics

Right now, CBAK Energy Technology Inc. (CBAT) has a P/E ratio of about 1.57. The stock’s beta is 3.04. Besides these, the trailing price-to-sales (P/S) ratio of 1.92, the price-to-book (PB) ratio of 0.74.

Financial Health

In the three months ended December 30, CBAK Energy Technology Inc.’s quick ratio stood at 0.80, while its current ratio was 1.10, showing that the company is not able to pay off its debt. On the profitability front, the trailing twelve-month gross margin is 11.40% percent. In the year ended December 30, operating margins totaled -23.50%. Based on annual data, CBAT earned $5.11 million in gross profit and brought in $52.67 million in revenue.

A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was -3.20%. Return on equity (ROE) for the past 12 months was 54.00%.

According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. CBAT’s revenue rose 44.53% to $9.56 million during the quarter, while net income inched up to $27.8 million. While analysts expected CBAK Energy Technology Inc. to report -$0.04 quarterly earnings, the actual figure was -$0.3 per share. During the quarter, the company generated -$4.51 million in EBITDA. The liabilities of CBAK Energy Technology Inc. were 121.73 million at the end of its most recent quarter ended December 30, and its total debt was $15.17 million. The value of shareholders’ equity is $88.7 million.

Technical Picture

This quick technical analysis looks at CBAK Energy Technology Inc.’s (CBAT) price momentum. With a historical volatility rate of 106.46%, the RSI 9-day stood at 50.96% on 13 May.

With respect to its five-day moving average, the current CBAK Energy Technology Inc. price is up by +2.78% percent or $0.0300. At present, CBAT shares trade -9.02% below its 20-day simple moving average and -35.84% percent below its 100-day simple moving average. However, the stock is currently trading approximately -9.76% below its SMA50 and -68.73% below its SMA200.

Stochastic coefficient K was 28.58% and Stochastic coefficient D was 16.19%, while ATR was 0.0982. Given the Stochastic reading of 67.77% for the 14-day period, the RSI (14) reading has been calculated as 48.44%. As of today, the MACD Oscillator reading stands at -0.0467, while the 14-day reading stands at -0.0662.

Analyst Ratings

CBAK Energy Technology Inc. (CBAT) has been rated Hold by analysts. According to 0 brokerage firms, CBAT is a sell, and 1 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate CBAK Energy Technology Inc. stock as buy, with 0 recommending it as overweight.

With a median target price of $10.00, the current consensus forecast for the stock is $10.00 – $10.00. Based on these forecasts, analysts predict CBAK Energy Technology Inc. (CBAT) will achieve an average price target of $10.00.


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