For the readers interested in the stock health of CBAK Energy Technology Inc. (CBAT). It is currently valued at $7.12. When the transactions were called off in the previous session, Stock hit the highs of $7.21, after setting-off with the price of $7.094. Company’s stock value dipped to $6.60 during the trading on the day. When the trading was stopped its value was $6.95.
Recently in News on January 11, 2021, CBAK Energy Partners With JAC Motors to Jointly Develop New Battery Cells. CBAK Energy Technology, Inc. (NASDAQ: CBAT) (“CBAK Energy”, or the “Company”,), a leading lithium-ion battery manufacturer and electric energy solution provider, today announced that it has signed a three-year strategic agreement (the “Agreement”) with Anhui Jianghuai Motors Group Co., Ltd (SSE: 600418) (“JAC Motors”) for joint product development. 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 $8.80 on 01/07/21, with the lowest value was $4.90 for the same time period, recorded on 01/04/21.
CBAK Energy Technology Inc. (CBAT) full year performance was 647.31%
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 -37.54% during the 52-week period from high price, and 1877.78% 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 3524941 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 37.35%, having the revenues showcasing 113.19% 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 536.33M, as it employees total of 58 workers.
Analysts verdict 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 3.87, with a change in the price was noted +6.40. In a similar fashion, CBAK Energy Technology Inc. posted a movement of +903.35% for the period of last 100 days, recording 11,827,255 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.
CBAK Energy Technology Inc. (CBAT): Technical Analysis
Raw Stochastic average of CBAK Energy Technology Inc. in the period of last 50 days is set at 52.27%. The result represents downgrade in oppose to Raw Stochastic average for the period of the last 20 days, recording 62.41%. In the last 20 days, the company’s Stochastic %K was 64.93% and its Stochastic %D was recorded 68.76%.
Let’s take a glance in the erstwhile performances 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 37.35%. Additionally, trading for the stock in the period of the last six months notably improved by 515.04%, alongside a boost of 647.31% for the period of the last 12 months. The shares increased approximately by 34.30% in the 7-day charts and went up by 28.47% in the period of the last 30 days. Common stock shares were driven by 113.19% during last recorded quarter.