CBAK Energy Technology Inc. (CBAT) Volatility At 13.40%, Should You Add A Position?

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 51.33M with Short Float at 10.46%. Institutions hold 0.50% of the Float.

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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 Creative Planning which holds 96363.0 shares representing 0.14% and valued at over $0.49 million, 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. (NASDAQ: CBAT) is 63.64% 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 question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The CBAT stock was last observed hovering at around $7.89 in the last trading session, with the day’s gains setting it 0.39% off its average median price target of $10.00 for the next 12 months. It is also 17.2% off the consensus price target high of $10.00 offered by 1 analysts, but current levels are 17.2% higher than the price target low of $10.00 for the same period.

Currently trading at $8.28, the stock is 7.77% and 24.23% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 42.45 million and changing 4.94% at the moment leaves the stock 162.64% off its SMA200. CBAT registered 1154.55% gain for a year compared to 6-month gain of 1069.33%. The firm has a 50-day simple moving average (SMA 50) of $7.34 and a 200-day simple moving average (SMA200) of $4.35.

The stock witnessed a 21.76% loss in the last 1 month and extending the period to 3 months gives it a -14.90%, and is 13.42% 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 13.40% over the week and 12.10% over the month.

CBAK Energy Technology Inc. (CBAT) has around 58 employees, a market worth around $765.73M and $26.80M in sales. Profit margin for the company is -27.60%. Distance from 52-week low is 2200.00% and -27.37% 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) 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 -9.42% down over the past 12 months. Short interest in the company’s stock has risen 14.9% from the last report on Dec 30, 2020 to stand at a total of 4.57 million short shares sold with a short interest ratio of 0.45.

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