How have the shares performed?
CBAK Energy Technology Inc. (CBAT) saw an uptrend of 2.39% in the recent trading with $3.85 being its most recent. The current price level -66.23% lower than the highest price of $11.40 marked by the stock while trading over the past 52-weeks, whereas it is 755.56% higher than the lowest price of $0.45 the company dropped to over past 52-weeks. The latest news story on CBAT appeared in PR Newswire under the title “CBAK Energy Reports Fiscal Year 2020 Financial Results” on Apr-12-21.
Squeezing the time span to 30 day period shows us the stock is currently trading -23.00% below one month high and is +17.74% above of the lowest during that time. Looking into the simple moving average, CBAK Energy Technology Inc. (CBAT)’s stock stands at a SMA-50 of $4.57 while that of 5-day is reading $3.78.
Daily rise and fall of price influence many of the traders, and in order to overcome the fluctuating effect of that and to watch the stock closely, traders focus more on stock’s 200-day moving average. At various points in trading activity, investors are more likely to be making use of that measure as a strong indicator in figuring out their support and resistance levels, and CBAT’s SMA-200 as of now is $4.55.
CBAK Energy Technology Inc. Earnings – What Happened With CBAT
Coming around sales and income figures, publically trading companies under normal circumstances post earnings and revenues near to average estimates by the Wall Street analysts, but those could came either above or below estimates and known as surprise factor. CBAK Energy Technology Inc. (CBAT) last released financial results for the quarter that ended 12/30/2010, posting a surprise factor of -650.00% for net revenue.
CBAT – CBAK Energy Technology Inc. Stock Earnings Estimates
The perspective of CBAK Energy Technology Inc. (NASDAQ:CBAT)’s current quarter earnings identifies that analysts are in consensus over the estimate of -0.04 for stock’s EPS in the current quarter. Company’s EPS for the last quarter was -0.3.
Investors get the exact data about the key information of institutional ownership in a listed company through its 13F filings at the Stock Exchange Commission (SEC). The total number of common shares currently owned by the public is 69.26 million. CBAT does have institutional investors; and they hold 4.20% of the stock.
CBAK Energy Technology Inc. – Insider Activity and Holdings
Moreover, the latest SEC filings also revealed that stock came across 0 new insider purchases involving 0 shares. On the other hand, CBAT declared 0 shares have been sold in 0 insider transactions over the past three months.
As on Dec 30, 2020, Jane Street Group, LLC was the top most holder in CBAK Energy Technology Inc. (NASDAQ:CBAT) with an ownership of 0.22 million shares of the company or 0.25% of the stake worth $1.13 million. The filing also reveals Virtu Financial LLC as the second largest holder in the company with a control over 0.16% of the outstanding shares. Its stake is worth $0.72 million for having 0.14 million shares in hand.
Paloma Partners Management Co also came holding a key position in the company during the recent quarter and it now holds 0.16% of the outstanding shares. With this there are now 30 institutions which have possession in CBAT’s shares.
The liquidity is a key characteristic of any stock and is the main point of focus of both short-term as well as long term investors before start trading into a stock. In recently reported quarter, current ratio recorded by CBAK Energy Technology Inc. was 0.86 while posting a debt to equity ratio of 0.29.
CBAK Energy Technology Inc.’s return on equity, or ROE, is -32.60%, compared to the industry average of 5.95% for Industrials – Electrical Equipment & Parts. Although this indicates that CBAT fails to use its equity well, the metric will vary significantly depending on the industry.
Technical Analysis of CBAK Energy Technology Inc. (NASDAQ:CBAT) stock
To comprehend better with the trade moves and investors’ behavior, exploring the short, medium and long term technical indicators along with average volume of a stock is an effective way to make use of. When looking into those indicators for CBAK Energy Technology Inc. (CBAT), we notice that the stock’s 20-day average volume is at 1,182,960 shares and 100% of short term indicators are suggesting the stock as Sell. Medium term indicators at an average of 50% are spotting the stock at Sell with its 50-day average volume of 1,955,416 shares. And to end, CBAT’s 100-day average volume is 6,461,204 shares with 50% of the long-term indicators pointing towards Sell for the stock.