Dissecting CBAK Energy Technology Inc. (NASDAQ: CBAT) top performing stock: Get the Stats

CBAK Energy Technology Inc. (NASDAQ: CBAT) is 41.11% higher on its value in year-to-date trading and has touched a low of $0.36 and a high of $11.40 in the current 52-week trading range. The CBAT stock was last observed hovering at around $7.14 in the last trading session, with the day’s loss setting it -0.24% off its average median price target of $10.00 for the next 12 months. It is also 31.0% off the consensus price target high of $10.00 offered by 1 analysts, but current levels are 31.0% higher than the price target low of $10.00 for the same period.

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Currently trading at $6.90, the stock is 10.36% and 12.02% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 4.73 million and changing -3.36% at the moment leaves the stock 187.95% off its SMA200. CBAT registered 731.68% gain for a year compared to 6-month gain of 643.60%. The firm has a 50-day simple moving average (SMA 50) of $6.03 and a 200-day simple moving average (SMA200) of $3.25.

The stock witnessed a 44.83% loss in the last 1 month and extending the period to 3 months gives it a 118.35%, and is 2.73% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 11.02% over the week and 14.35% over the month.

CBAK Energy Technology Inc. (CBAT) has around 58 employees, a market worth around $551.49M and $26.80M in sales. Profit margin for the company is -27.60%. Distance from 52-week low is 1816.64% and -39.47% from its 52-week high. The company has generated returns on investments over the last 12 months (-20.20%).

CBAK Energy Technology Inc. (CBAT) Analyst Forecasts

Analyst recommendations provided by FactSet shows that the consensus forecast for CBAK Energy Technology Inc. (CBAT) is a “Hold”. 1 analysts offering their recommendations for the stock, where 1 rate it as a Hold and 0 think it is a “Overweight”. 0 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.

CBAK Energy Technology Inc. is expected to release its quarterly report on 05/18/2021 and quarterly earnings per share for the current quarter are estimated at $0.The EPS is expected to shrink by -278.20% this year, but quarterly earnings will post 22.30% year-over-year.

CBAK Energy Technology Inc. (CBAT) Top Institutional Holders

10 institutions hold shares in CBAK Energy Technology Inc. (CBAT), with 40M shares held by insiders accounting for 60.17% while institutional investors hold 1.25% of the company’s shares. The shares outstanding are 64.91M, and float is at 30.26M with Short Float at 15.11%. Institutions hold 0.50% of the Float.

The top institutional shareholder in the company is HRT Financial LLC with over 0.16 million shares valued at $0.33 million. The investor’s holdings represent 0.24% of the CBAT Shares outstanding. As of Sep 29, 2020, the second largest holder is Two Sigma Advisers, LP with 99100.0 shares valued at $0.2 million to account for 0.15% of the shares outstanding. The other top investors are Renaissance Technologies, LLC which holds 42169.0 shares representing 0.06% and valued at over $85181.0, while Jane Street Group, LLC holds 0.05% of the shares totaling 34564.0 with a market value of $69819.0.

CBAK Energy Technology Inc. (CBAT) Insider Activity

A total of 0 insider transactions have happened at CBAK Energy Technology Inc. (CBAT) in the last six months, with sales accounting for 0 and purchases happening 0 times. The most recent transaction is an insider purchase by Asia EVK New Energy Auto Ltd, the company’s 10% Owner. SEC filings show that Asia EVK New Energy Auto Ltd bought 2,151,017 shares of the company’s common stock on Jun 03 at a price of $0.48 per share for a total of $1.03 million. Following the purchase, the insider now owns 9.7 million shares.

CBAK Energy Technology Inc. disclosed in a document filed with the SEC on Jun 03 that Li Yunfei (CEO) bought a total of 2,062,619 shares of the company’s common stock. The trade occurred on Jun 03 and was made at $0.48 per share for $0.99 million. Following the transaction, the insider now directly holds 10.73 million shares of the CBAT stock.

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CBAK Energy Technology Inc. (CBAT): Who are the competitors?

The company’s main competitors (and peers) include Ultralife Corporation (ULBI) that is trading -6.84% down over the past 12 months. Short interest in the company’s stock has risen 62.8% from the last report on Nov 29, 2020 to stand at a total of 1.7 million short shares sold with a short interest ratio of 0.65.

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