CBAT Stock on the Rise: A Promising Investment

In terms of market performance, CBAK Energy Technology Inc had a somewhat regular. The highest value for the stock in the past year was $2.08 on 06/04/24, while the lowest value was $0.76 on 10/09/23.

52-week price history of CBAT Stock

A stock’s 52-week high and low prices can reveal a great deal about its present condition and potential future performance. CBAK Energy Technology Inc’s current trading price is -12.50% away from its 52-week high, while its distance from the 52-week low is 139.47%. The stock’s price range during this period has fluctuated between $0.76 and $2.08. Shares of the company, which operates in the Industrials sector, recorded a trading volume of around 0.52 million for the day, which was evidently higher than the average daily volume of 0.23 million over the last three months.

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Financial Performance and Market Capitalization

CBAK Energy Technology Inc (CBAT) has experienced a quarterly rise of 63.96% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 163.69M 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 1.1173, with a change in price of +0.7600. Similarly, CBAK Energy Technology Inc recorded 194,735 in trading volume during the last 100 days, posting a change of +71.70%.

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

CBAK Energy Technology Inc’s raw stochastic average for the past 50 days is currently at 79.36%. This represents a surge from the raw stochastic average of the last 20 days, which was recorded at 72.63%. Additionally, the company’s Stochastic %K and %D values for the past 20 days were 63.67% and 62.56%, respectively.

CBAT Stock Price Performance Analysis

Depending on how one views it, the stock price performance for the year has been a mixed bag, resulting in either an optimistic or pessimistic outlook. The metric has seen a significant gain of 73.33% since the start of this calendar year. Looking back over the last six months, we can see a weaker performance of 76.70%. Over the past 30 days, the price of CBAT has fallen by 63.96%. And in the last five days, it has fallen by -3.70%.

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