At the end of the latest market close, CBAK Energy Technology Inc. (CBAT) was valued at $6.92. In that particular session, Stock kicked-off at the price of $7.929 while reaching the peak value of $8.05 and lowest value recorded on the day was $6.90. The stock current value is $6.84.
Recently in News on November 27, 2020, CBAK Energy and Kandi Group Signed Supply Framework Agreement. CBAK Energy Technology, Inc. (“CBAK Energy”, NASDAQ: CBAT), a world’s leading lithium-ion battery manufacturer and electric energy solution provider, announced that its wholly owned subsidiary, Dalian CBAK Energy Technology Co., LTD (“Dalian CBAK”, or the “Company”) signed Supply Framework Agreement with Zhejiang Kandi Vehicles Co., Ltd. (“Kandi Vehicles”), a wholly owned subsidiary of Kandi Technology Group (NASDAQ: KNDI) in Hangzhou, Zhejiang province. They will promote the development of pure electric vehicle together. The two parties will play their respective advantage, complement each other with their respective resources. A long-term strategic cooperation partnership would be built for the development, supply and recycling of power batteries. You can read further details here
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CBAK Energy Technology Inc. had a pretty favorable run when it comes to the market performance. The 1-year high price for the company’s stock is recorded $11.40 on 11/16/20, with the lowest value was $0.36 for the same time period, recorded on 03/24/20.
CBAK Energy Technology Inc. (CBAT) full year performance was 634.22%
Price records that include history of low and high prices in the period of 52 weeks can tell a lot about the stock’s existing status and the future performance. Presently, CBAK Energy Technology Inc. shares are logging -40.00% during the 52-week period from high price, and 1800.00% higher than the lowest price point for the same timeframe. The stock’s price range for the 52-week period managed to maintain the performance between $0.36 and $11.40.
The company’s shares, operating in the sector of Industrials managed to top a trading volume set approximately around 3151532 for the day, which was evidently lower, when compared to the average daily volumes of the shares.
When it comes to the year-to-date metrics, the CBAK Energy Technology Inc. (CBAT) recorded performance in the market was 501.74%, having the revenues showcasing 828.86% on a quarterly basis in comparison with the same period year before. At the time of this writing, the total market value of the company is set at 402.67M, as it employees total of 58 workers.
The Analysts eye on CBAK Energy Technology Inc. (CBAT)
During the last month, 0 analysts gave the CBAK Energy Technology Inc. a BUY rating, 0 of the polled analysts branded the stock as an OVERWEIGHT, 0 analysts were recommending to HOLD this stock, 0 of them gave the stock UNDERWEIGHT rating, and 1 of the polled analysts provided SELL rating.
According to the data provided on Barchart.com, the moving average of the company in the 100-day period was set at 2.52, with a change in the price was noted +5.31. In a similar fashion, CBAK Energy Technology Inc. posted a movement of +469.57% for the period of last 100 days, recording 9,433,591 in trading volumes.
Total Debt to Equity Ratio (D/E) can also provide valuable insight into the company’s financial health and market status. The debt to equity ratio can be calculated by dividing the present total liabilities of a company by shareholders’ equity. Debt to Equity thus makes a valuable metrics that describes the debt, company is using in order to support assets, correlating with the value of shareholders’ equity The total Debt to Equity ratio for CBAT is recording 1.97 at the time of this writing. In addition, long term Debt to Equity ratio is set at 0.00.
Technical rundown of CBAK Energy Technology Inc. (CBAT)
Raw Stochastic average of CBAK Energy Technology Inc. in the period of last 50 days is set at 53.38%. The result represents improvement in oppose to Raw Stochastic average for the period of the last 20 days, recording 43.85%. In the last 20 days, the company’s Stochastic %K was 52.23% and its Stochastic %D was recorded 57.13%.
Considering, the past performance of CBAK Energy Technology Inc., multiple moving trends are noted. Year-to-date Price performance of the company’s stock appears to be pessimistic, given the fact the metric is recording 501.74%. Additionally, trading for the stock in the period of the last six months notably improved by 1284.00%, alongside a boost of 634.22% for the period of the last 12 months. The shares increased approximately by -12.41% in the 7-day charts and went down by 183.61% in the period of the last 30 days. Common stock shares were driven by 828.86% during last recorded quarter.