Navigating CBAT Stock: CBAK Energy Technology Inc Journey

CSCO Stock

The stock market performance of CBAK Energy Technology Inc has been very steady. Over the last year, the company’s stock hit its highest at $1.45 on 01/10/24, while the lowest price during the same time frame was $0.75, recorded on 05/19/23.

52-week price history of CBAT Stock

Analyzing the 52-week price history of a stock, including its high and low prices, can provide valuable insight into its current status and potential future performance. CBAK Energy Technology Inc’s current trading price is -12.41% away from its 52-week high, while its distance from the 52-week low is 69.33%. The stock’s price range for this period has remained between $0.75 and $1.45. The Industrials sector company’s shares managed to surpass a trading volume of around 0.54 million for the day, which was noticeably higher compared to the shares’ average daily volume of 0.13 million over the last three months.

Financial Performance and Market Capitalization

CBAK Energy Technology Inc (CBAT) has experienced a quarterly rise of 30.93% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 114.20M and boasts a workforce of 1456 employees.

Moving average and trading volume data

Based on Barchart.com data, the company’s moving average over the 100-day period was 1.0499, with a change in price of +0.2960. Similarly, CBAK Energy Technology Inc recorded 149,753 in trading volume during the last 100 days, posting a change of +30.39%.

CBAT Debt-to-equity ratio analysis

The debt-to-equity (D/E) ratio is a valuable metric that offers insight into a company’s financial health and standing in the market. This ratio is calculated by dividing a company’s current total liabilities by its shareholders’ equity. The D/E ratio illustrates the extent of debt a company is utilizing to support its assets in relation to the value of its shareholders’ equity. At the time of writing, the total D/E ratio for CBAT stands at 0.35. Similarly, the long-term debt-to-equity ratio is also 0.02.

CBAT Stock Stochastic Average

As of today, the raw stochastic average of CBAK Energy Technology Inc over the last 50 days is at 95.74%. This shows a increasee from the raw stochastic average of the previous 20 days, which was recorded at 94.55%. Further, the company’s Stochastic %K and %D values for the last 20 days were 89.58% and 86.63%, respectively.

CBAT Stock Price Performance Analysis

Investors’ outlook regarding the stock price performance over the year has been a mixed bag, with a range of optimism to pessimism depending on their perspective. Year to date metric has recorded a gain of 20.95%.However, over the last six months, we can see a weaker performance of 58.75%. Over the last 30 days, the price of CBAT has fallen by 33.67%. And in the last five days, it has surged by 13.90%.

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