CBAK Energy Technology Inc (NASDAQ: CBAT) is -9.33% lower on its value in year-to-date trading and has touched a low of $0.81 and a high of $2.08 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The CBAT stock was last observed hovering at around $0.95 in the last trading session, with the day’s loss setting it 0.0%.
Currently trading at $0.95, the stock is -2.46% and -9.42% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.21 million and changing 0.09% at the moment leaves the stock -16.23% off its SMA200. CBAT registered 3.48% gain for a year compared to 6-month loss of -38.58%. The firm has a 50-day simple moving average (SMA 50) of $1.0512 and a 200-day simple moving average (SMA200) of $1.1366.
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The stock witnessed a -13.45% gain in the last 1 month and extending the period to 3 months gives it a -6.66%, and is 11.76% 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 6.18% over the week and 6.31% over the month.
CBAK Energy Technology Inc (CBAT) has around 1456 employees, a market worth around $85.62M and $207.42M in sales. Current P/E ratio is 7.47 and Fwd P/E is 8.65. Profit margin for the company is 5.56%. Distance from 52-week low is 17.53% and -54.23% from its 52-week high. The company has generated returns on investments over the last 12 months (8.61%).
The EPS is expected to grow by 733.33% this year
39.0 institutions hold shares in CBAK Energy Technology Inc (CBAT), with institutional investors hold 2.85% of the company’s shares. The shares outstanding are 89.92M, and float is at 71.63M with Short Float at 1.88%. Institutions hold 2.28% of the Float.
The top institutional shareholder in the company is BRIDGEWAY CAPITAL MANAGEMENT, LLC with over 0.65 million shares valued at $0.9 million. The investor’s holdings represent 0.7279 of the CBAT Shares outstanding. As of 2024-06-30, the second largest holder is EMPOWERED FUNDS, LLC with 0.29 million shares valued at $0.4 million to account for 0.3275 of the shares outstanding. The other top investors are STATE STREET CORP which holds 0.27 million shares representing 0.2962 and valued at over $0.36 million, while MARSHALL WACE, LLP holds 0.1387 of the shares totaling 0.12 million with a market value of $0.17 million.
