CBAK Energy Technology, Inc. (NASDAQ:CBAT) could be one of the best stocks that investors may want to consider for their portfolio today as the company shares are trading 4.13% or 0.026 points up from last closing price of $0.63, reaching $0.656 at last check. Any clue why there is so much of action in the CBAT stock? The share price has risen in 3 of the last 5 days and is down -34.79% over the past week. It will be exciting to see whether the stock manages to continue increasing or take a minor break for the next few days. The move came on weak volume too with far less shares changing hands than in a normal session. Trading activity as of this writing weakened by -28,493 shares, and in total 103207 shares valued at $67704 were seen changing hands compared with 131700 shares valued at $82971 recorded at the previous session. You should take into consideration that a falling volume on higher prices causes divergence and may be an early warning about possible changes in CBAT stock for the next couple of days.
CBAK Energy Technology, Inc. (CBAT) shares have notched a 3-month decline of about -34.79%, but has still advanced 64.78% year to date. By comparison, the stock added 3.64% over the past 12 months, while it slipped -30.37% over the 1 month. The company’s market cap is around $25.51M, with its short interest ratio standing at 0.19%.
In the current trading session for CBAT, the stock witnessed two major price actions, it rose to a high of $0.66 and was down as much as $0.6 at one point. The high recorded is very low when compared to their 52-week high which is $0.23. The 52-week high is now at -47.15 distance from current price. Their recent low of $1.23 represents a 180.22% recovery. This data is quite important for investors who look to benefit from the recent rise of the company’s stock. The price target currently for CBAT is $2, this is above the recent high that the stock attained. Taking a look at the overall sentimental views of financial analysts, the trading pattern of this stock recently is very clear.
The stock of CBAK Energy Technology, Inc. earned $-0.01 per share in the trailing 12 months and has a P/E ratio of -65.6. CBAT also has P/S multiple of 1.09. This is smaller versus the 12 month P/S ratios of other companies in the same industry.
The company recorded an interesting insider purchase transaction by the CEO on Jan 07, 2019. A Securities and Exchanges Commission filings show that Yunfei Li bought a total of 1,666,667 CBAT shares that day for a sum of around $1,700,000. CBAK Energy Technology, Inc. (CBAT) insiders have acquired no shares in the stock within the past three months. In total, individual insiders traded no shares in the business, which makes up 0% of 1,666,667 shares that were traded over a year. In the past 12 months, insiders have purchased 1,666,667 shares while the seller parted with shares.
CBAT‘s last price was down -27.1% as compared to the average trading price of 50 days recorded at $0.9 while enlarging the period to 200 trading days, the average closing price was $0.92. At present, there are 40.75 million in the total number of common shares owned by the public and among those 21.08 million shares have been available to trade. The percentage of shares being held by the company management was 41.82% while institutions stake was 3.9%. The company has generated negative returns on equity over the last 12 months (-31.2%). It managed to keep its gross profit margin at -9.6% over the past 12 months.
When assessing the full upside of the CBAT stock, there is another set of technicals that should be looked into and considered. Its -23.03% decline from moving average of $0.85 has brought about a negative sentiment when calculated over the last 20 days. The market has allocated a beta of 3.86 to the stock. With the beta been greater than one, this implies that the company shares are theoretically more volatile than the market, something that the traders definitely are keeping an eye on.
In the last five years, the EPS of the company has been roughly 49%. Though the percentage looks encouraging, extra tailwinds are emerging as looking out over a next 5-year period, with analysts estimating that their earnings will increase annually by 30%. The revenue of the company has retreated at an average annualized rate of about -27.6 over the last five years. The company recently recorded a drop of -29.5%, but this figure is rather unattractive.