Is Powerbridge Technologies Co. Ltd. (PBTS) Stock Cheap Or Risky?


As of Friday close, Powerbridge Technologies Co. Ltd.’s (NASDAQ:PBTS) stock traded at $0.06. The average number of shares traded per day over the past five days has been 5,443,320 shares. 1 time new highs have been achieved over the past 5 days, with a -$0.0017 fall in that time frame. In the last twenty days, the average volume was 11,686,285, while in the previous 50 days, it was 17,024,170.

Since last month, PBTS stock rose 7.41%. Shares of the company fell to $0.0462 on 05/05/23, the lowest level in the past month. A 52-week high of $2.21 was reached on 01/30/23 after having rallying from a 52-week low of $0.05. Since the beginning of this year, PBTS’s stock price has dropped by -42.17% or -$0.0423, and marked a new high 7 times. However, the stock has declined by -97.38% since its 52-week high.

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Financial Health

Based on annual data, PBTS earned $3.77 million in gross profit and brought in $10.48 million in revenue.

PBTS’s revenue fell -206.2% during the quarter, while net income inched up to $10.48 million. The liabilities of Powerbridge Technologies Co. Ltd. were 28.04 million at the end of its most recent quarter, and its total debt was $11.88 million.

Technical Picture

This quick technical analysis looks at Powerbridge Technologies Co. Ltd.’s (PBTS) price momentum. With a historical volatility rate of 212.45%, the RSI 9-day stood at 44.07% on 26 May.

With respect to its five-day moving average, the current Powerbridge Technologies Co. Ltd. price is down by -2.85% percent or -$0.0017. At present, PBTS shares trade -17.14% below its 20-day simple moving average and -45.79% percent below its 100-day simple moving average. However, the stock is currently trading approximately -34.90% below its SMA50 and -95.80% below its SMA200.

Stochastic coefficient K was 22.49% and Stochastic coefficient D was 24.51%, while ATR was 0.0113. Given the Stochastic reading of 23.91% for the 14-day period, the RSI (14) reading has been calculated as 44.02%.

Analyst Ratings

Powerbridge Technologies Co. Ltd. (PBTS) has been rated Buy by analysts. According to 0 brokerage firms, PBTS is a sell, and 0 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate Powerbridge Technologies Co. Ltd. stock as buy, with 1 recommending it as overweight.

With a median target price of $7.00, the current consensus forecast for the stock is $7.00 – $7.00. Based on these forecasts, analysts predict Powerbridge Technologies Co. Ltd. (PBTS) will achieve an average price target of $7.00.


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