CBAK Energy Technology Inc (NASDAQ: CBAT) kicked off on Friday, up 5.38% from the previous trading day, before settling in for the closing price of $0.92. Over the past 52 weeks, CBAT has traded in a range of $0.57-$1.30.
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While this was happening, its average annual earnings per share was recorded -192.31%. With a float of $71.56 million, this company’s outstanding shares have now reached $89.94 million.
The extent of productivity of a business whose workforce counts for 1463 workers is very important to gauge. In terms of profitability, gross margin is 18.2%, operating margin of -2.53%, and the pretax margin is -1.0%.
CBAK Energy Technology Inc (CBAT) Insider Updates
Our next focus will be how large-scale investors are participating in this stock of the Electrical Equipment & Parts Industry. The insider ownership of CBAK Energy Technology Inc is 20.43%, while institutional ownership is 2.06%.
CBAK Energy Technology Inc (CBAT) Performance Highlights and Predictions
In the latest quarterly report, which was put into the public domain on 6/30/2024, the organization reported 0.07 earnings per share (EPS), higher than consensus estimate (set at 0.07) by 0. 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
Take a look at CBAK Energy Technology Inc’s (CBAT) current performance indicators. Last quarter, 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 0.57. Likewise, its price to free cash flow for the trailing twelve months is 132.18.
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)
The latest stats from [CBAK Energy Technology Inc, CBAT] show that its last 5-days average volume of 0.23 million was superior to 0.23 million than last year’s volume. As of the previous 9 days, the stock’s Stochastic %D was 57.56%.
During the past 100 days, CBAK Energy Technology Inc’s (CBAT) raw stochastic average was set at 59.00%, which indicates a significant increase from 55.20% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 0.0593 in the past 14 days, which was higher than the 0.0593 volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $1.0720, while its 200-day Moving Average is $0.9300. Now, the first resistance to watch is $1.0333. This is followed by the second major resistance level at $1.0967. The third major resistance level sits at $1.1633. If the price goes on to break the first support level at $0.9033, it is likely to go to the next support level at $0.8367. Assuming the price breaks the second support level, the third support level stands at $0.7733.
CBAK Energy Technology Inc (NASDAQ: CBAT) Key Stats
The company with the Market Capitalisation of 87.24 million has total of 89,940K Shares Outstanding. Its annual sales at the moment are 176,610 K in contrast with the sum of 11,790 K annual income. Company’s last quarter sales were recorded 34,940 K and last quarter income was -1,580 K.
