A new trading day began on Friday, with CBAK Energy Technology Inc (NASDAQ: CBAT) stock price up 3.18% from the previous day of trading, before settling in for the closing price of $0.85. CBAT’s price has ranged from $0.57 to $2.08 over the past 52 weeks.
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Over the past five-year period, the growth rate of yearbook sales for the company of the Industrials sector was 90.06%. Meanwhile, its annual earnings per share averaged -192.31%. With a float of $71.56 million, this company’s outstanding shares have now reached $89.94 million.
Considering the fact that the conglomerate employs 1463 people, you should pay attention to its efficiency factor. In terms of profitability, gross margin is 23.65%, operating margin of 5.24%, and the pretax margin is 6.31%.
CBAK Energy Technology Inc (CBAT) Breakdown of a Key Holders of the stock
As we move forward, let’s examine how large-scale investors are investing in this stock of the Electrical Equipment & Parts Industry. The insider ownership of CBAK Energy Technology Inc is 20.43%, while institutional ownership is 2.08%.
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 -192.31% per share during the next fiscal year.
CBAK Energy Technology Inc (NASDAQ: CBAT) Trading Performance Indicators
Here are CBAK Energy Technology Inc’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 0.60. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.52. Likewise, its price to free cash flow for the trailing twelve months is 119.52.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 0.00, a number that is poised to hit -0.04 in the next quarter and is forecasted to reach 0.08 in one year’s time.
Technical Analysis of CBAK Energy Technology Inc (CBAT)
Compared to the last year’s volume of 0.22 million, its volume of 0.2 million showed lagged in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 40.67%. Additionally, its Average True Range was 0.05.
During the past 100 days, CBAK Energy Technology Inc’s (CBAT) raw stochastic average was set at 43.48%, which indicates a significant decrease from 51.33% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 53.57% in the past 14 days, which was lower than the 56.50% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $0.7893, while its 200-day Moving Average is $0.9268. Nevertheless, the first resistance level for the watch stands at $0.8941 in the near term. At $0.9112, the stock is likely to face the second major resistance level. The third major resistance level sits at $0.9424. If the price goes on to break the first support level at $0.8458, it is likely to go to the next support level at $0.8146. Now, if the price goes above the second support level, the third support stands at $0.7975.
CBAK Energy Technology Inc (NASDAQ: CBAT) Key Stats
With a market capitalization of 78.88 million, the company has a total of 89,940K Shares Outstanding. Currently, annual sales are 176,610 K while annual income is 11,790 K. The company’s previous quarter sales were 25,370 K while its latest quarter income was -4,510 K.
