CBAK Energy Technology Inc. (CBAT) saw downtrend of -7.52% in the recent trading with $1.23 being its most recent. The current price level -65.55% lower than the highest price of $3.57 marked by the stock while trading over the past 52-weeks, whereas it is 33.58% higher than the lowest price of $0.92 the company dropped to over past 52-weeks. The latest news story on CBAT appeared in PR Newswire under the title “CBAK Energy Obtains $28 Million Battery Order from European Customer” on Sep-22-22.
Squeezing the time span to 30 day period shows us the stock is currently trading -20.65% below one month high and is +0.82% 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 $1.3139 while that of 5-day is reading $1.3100.
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 $1.2813.
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.
CBAT – CBAK Energy Technology Inc. Stock Earnings Estimates
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 89.01 million. CBAT does have institutional investors; and they hold 3.00% 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.
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, CBAK Energy Technology Inc. has a debt to equity ratio of 0.14.
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 239,250 shares and 50% of short term indicators are suggesting the stock as Buy. Medium term indicators at an average of 50% are spotting the stock at Buy with its 50-day average volume of 354,796 shares. And to end with, CBAT’s 100-day average volume are 598,007 shares.