The key reasons why CBAK Energy Technology Inc. (CBAT) is -58.25% away from 52-week high?
CBAK Energy Technology Inc. (NASDAQ: CBAT) flaunted slowness of -4.80% at $4.76, as the Stock market unbolted on June 09, 2021. During the day, the stock rose to $5.08 and sunk to $4.68 before settling in for the price of $5.00 at the close. Taking a more long-term approach, CBAT posted a 52-week range of $0.56-$11.40.
The Industrials Sector giants’ yearly sales growth during the last 5-year period was 29.40%. Meanwhile, its Annual Earning per share during the time was 29.30%. Nevertheless, stock’s Earnings Per Share (EPS) this year is 54.40%. This publicly-traded company’s shares outstanding now amounts to $84.28 million, simultaneously with a float of $42.61 million. The organization now has a market capitalization sitting at $425.59 million. At the time of writing, stock’s 50-day Moving Average stood at $4.38, while the 200-day Moving Average is $4.73.
While finding the extent of efficiency of the company that is accounted for 537 employees. It has generated 69,956 per worker during the last fiscal year. Meanwhile, its income per employee was -14,538. The stock had 1.58 Receivables turnover and 0.32 Total Asset turnover. For the Profitability, stocks gross margin was +7.22, operating margin was -11.00 and Pretax Margin of -20.89.
CBAK Energy Technology Inc. (CBAT) Ownership Facts and Figures
Sometimes it is also beneficial to study the sentiment of large-scale investors towards the stock of the CBAK Energy Technology Inc. industry. CBAK Energy Technology Inc.’s current insider ownership accounts for 51.96%, in contrast to 4.20% institutional ownership.
CBAK Energy Technology Inc. (CBAT) Earnings and Revenue Records
Going through the last 3-months fiscal report unveiled on the 12/30/2010, it has been observed that the corporation posted -$0.3 earnings per share (EPS) during the time that was less the consensus figure (set at -$0.04) by -$0.26. This company achieved a net margin of -20.78 while generating a return on equity of -23.66. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0 per share during the current fiscal year.
CBAK Energy Technology Inc.’s EPS increase for this current 12-month fiscal period is 54.40%. Considering the longer run, market analysts have predicted that Company’s EPS will increase by 30.00% through the next 5 years, which can be compared against the 29.30% growth it accomplished over the previous five years trading on the market.
CBAK Energy Technology Inc. (NASDAQ: CBAT) Trading Performance Indicators
Let’s observe the current performance indicators for CBAK Energy Technology Inc. (CBAT). It’s Quick Ratio in the last reported quarter now stands at 1.30. The Stock has managed to achieve an average true range (ATR) of 0.27. Alongside those numbers, its PE Ratio stands at $17.83, and its Beta score is 3.36. Another valuable indicator worth pondering is a publicly-traded company’s price to sales ratio for trailing twelve months, which is currently 10.61.
In the same vein, CBAT’s Diluted EPS (Earnings per Share) trailing twelve months is recorded 0.27.
Technical Analysis of CBAK Energy Technology Inc. (CBAT)
Now, what If we examine the latest scores posted by [CBAK Energy Technology Inc., CBAT]. During the last 5-days, its volume was lower the volume of 6.03 million it reported in year-ago period. During the previous 9 days, stock’s Stochastic %D was recorded 90.22% While, its Average True Range was 0.29.
Raw Stochastic average of CBAK Energy Technology Inc. (CBAT) in the period of the previous 100 days is set at 23.58%, which indicates a major fall in contrast to 77.78% during the last 2-weeks. If we go through the volatility metrics of the stock, In the past 14-days, Company’s historic volatility was 50.28% that was lower than 83.87% volatility it exhibited in the past 100-days period.