CBAK Energy Technology Inc (CBAT) saw an uptrend of 0.09% in the recent trading with $0.95 being its most recent. The current price level -54.23% lower than the highest price of $2.08 marked by the stock while trading over the past 52-weeks, whereas it is 17.53% higher than the lowest price of $0.81 the company dropped to over past 52-weeks. The latest news story on CBAT appeared in (GuruFocus.com) under the title “CBAK Energy Technology Inc (CBAT) Q3 2024 Earnings Call Highlights: Record Demand Spurs..”.
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Squeezing the time span to 30 day period shows us the stock is currently trading -18.64% below one month high and is +15.97% 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 $1.0511 while that of 5-day is reading $0.9125.
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 $1.1364.
CBAK Energy Technology Inc Earnings – What Happened With CBAT
Coming around sales and income figures on CBAT Stock Income Statement, public 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 89.92 million. CBAT does have institutional investors; and they hold 2.17% of the stock.
CBAK Energy Technology Inc – Insider Activity and Holdings
As on 2024-06-30, BRIDGEWAY CAPITAL MANAGEMENT, LLC was the top most holder in CBAK Energy Technology Inc (NASDAQ:CBAT) with an ownership of 0.65 million shares of the company or 0.7279 of the stake worth $0.9 million. The filing also reveals EMPOWERED FUNDS, LLC as the second largest holder in the company with a control over 0.3275 of the outstanding shares. Its stake is worth $0.4 million for having 0.29 million shares in hand.
STATE STREET CORP also came holding a key position in the company during the recent quarter and it now holds 0.2962 of the outstanding shares. With this there are now 39.0 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, CBAK Energy Technology Inc has a debt to equity ratio of 0.24.
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 287,335 shares and 100% of short term indicators are suggesting the stock as Sell. Medium term indicators at an average of 100% are spotting the stock at Sell with its 50-day average volume of 287,416 shares. And to end, CBAT’s 100-day average volume is 224,038 shares with 100% of the long-term indicators pointing towards Sell for the stock.
