At the end of the latest market close, CBAK Energy Technology Inc. (CBAT) was valued at $0.96. In that particular session, Stock kicked-off at the price of $1.00 while reaching the peak value of $1.01 and lowest value recorded on the day was $0.9208. The stock current value is $1.10.Recently in News on May 13, 2022, CBAK Energy Obtains $29 Million Battery Order from European Customer. CBAK Energy Technology, Inc. (NASDAQ: CBAT) (“CBAK Energy,” or the “Company”), a leading lithium-ion battery manufacturer and electric energy solution provider in China, today announced that the Company has received an order from a leading European provider of heating, cooling and renewable energy systems (the “Customer”), for a supply of lithium-ion batteries worth EUR 28.2 million ($29.3 million). You can read further details here
CBAK Energy Technology Inc. had a pretty Dodgy run when it comes to the market performance. The 1-year high price for the company’s stock is recorded $1.6900 on 01/03/22, with the lowest value was $0.9208 for the same time period, recorded on 05/12/22.
CBAK Energy Technology Inc. (CBAT) full year performance was -71.85%
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 -78.43% during the 52-week period from high price, and 19.45% 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 $0.92 and $5.10.
The company’s shares, operating in the sector of Industrials managed to top a trading volume set approximately around 2276276 for the day, which was evidently higher, 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 -38.47%, having the revenues showcasing -26.16% 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 87.54M, as it employees total of 1054 workers.
Market experts do have their say about 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 1.2505, with a change in the price was noted -0.68. In a similar fashion, CBAK Energy Technology Inc. posted a movement of -39.31% for the period of last 100 days, recording 999,258 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 0.10 at the time of this writing. In addition, long term Debt to Equity ratio is set at 0.00.
Technical breakdown of CBAK Energy Technology Inc. (CBAT)
Raw Stochastic average of CBAK Energy Technology Inc. in the period of last 50 days is set at 17.72%. The result represents downgrade in oppose to Raw Stochastic average for the period of the last 20 days, recording 26.41%. In the last 20 days, the company’s Stochastic %K was 12.28% and its Stochastic %D was recorded 9.70%.
Bearing in mind the latest performance of CBAK Energy Technology Inc., several moving trends are noted. Year-to-date Price performance of the company’s stock appears to be encouraging, given the fact the metric is recording -38.47%. Additionally, trading for the stock in the period of the last six months notably deteriorated by -58.98%, alongside a downfall of -71.85% for the period of the last 12 months. The shares increased approximately by -13.52% in the 7-day charts and went up by -20.67% in the period of the last 30 days. Common stock shares were lifted by -26.16% during last recorded quarter.