On Friday, CBAK Energy Technology Inc (NASDAQ: CBAT) trading session started at the price of On Friday, that was 17.26% up from the session before settling in for the closing price of $0.91. A 52-week range for CBAT has been $0.77 – $2.08.
Here's Your FREE Report on the #1 Small-Cap Uranium Stock of '24.
Small-cap Uranium stocks are booming in 2024! The company we're about to show you is the ONLY small-cap stock in the space that benefits from ALL aspects of the global Uranium industry with none of the risks of running a mine. Smart investors will not be hesitating on this one!
Get the FREE Report with all the details here.
Sponsored
Over the past five-year period, the growth rate of yearbook sales for the company of the Industrials sector was 90.95%. When this article was written, the company’s average yearly earnings per share was at 733.33%. With a float of $71.63 million, this company’s outstanding shares have now reached $89.94 million.
Considering the fact that the conglomerate employs 1456 people, you should pay attention to its efficiency factor. In terms of profitability, gross margin is 24.66%, operating margin of 7.99%, and the pretax margin is 5.52%.
CBAK Energy Technology Inc (CBAT) Breakdown of a Key Holders of the stock
Also, it is sometimes useful to examine the sentiment of large-scale investors toward CBAK Energy Technology Inc stocks. The insider ownership of CBAK Energy Technology Inc is 20.36%, while institutional ownership is 2.17%.
CBAK Energy Technology Inc (CBAT) Recent Fiscal highlights
Wall Street market experts anticipate that the next fiscal year will bring earnings of 0 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 733.33% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 30.00% during the next five years compared to 17.82% growth over the previous five years of trading.
CBAK Energy Technology Inc (NASDAQ: CBAT) Trading Performance Indicators
You can see what CBAK Energy Technology Inc (CBAT) is doing with its current performance indicators. In the most recent quarter, the stock posted a quick ratio of 0.66. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.54. Likewise, its price to free cash flow for the trailing twelve months is 2.96.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 0.13, a number that is poised to hit 0.01 in the next quarter and is forecasted to reach 0.11 in one year’s time.
Technical Analysis of CBAK Energy Technology Inc (CBAT)
Compared to the last year’s volume of 0.27 million, its volume of 2.44 million showed improvement in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 70.54%. Additionally, its Average True Range was 0.08.
During the past 100 days, CBAK Energy Technology Inc’s (CBAT) raw stochastic average was set at 56.60%, which indicates a significant decrease from 66.68% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 91.14% in the past 14 days, which was higher than the 70.97% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $0.9623, while its 200-day Moving Average is $1.1212. Nevertheless, the first resistance level for the watch stands at $1.1866 in the near term. At $1.3032, the stock is likely to face the second major resistance level. The third major resistance level sits at $1.3865. If the price goes on to break the first support level at $0.9867, it is likely to go to the next support level at $0.9034. Now, if the price goes above the second support level, the third support stands at $0.7868.
CBAK Energy Technology Inc (NASDAQ: CBAT) Key Stats
There are 89,939K outstanding shares of the company, which has a market capitalization of 112.84 million. As of now, sales total 204,440 K while income totals -2,450 K. Its latest quarter income was 44,630 K while its last quarter net income were 20 K.
