The stock price of CBAK Energy Technology Inc (NASDAQ: CBAT) has dropped by -13.67 compared to previous close of 0.97. Despite this, the company has seen a fall of -19.32% in its stock price over the last five trading days. InvestorPlace reported 2024-02-14 that The electric vehicle market has seen strong momentum these past few years, with industry experts expecting it to grow to $951.9 billion by 2030 with a 13.7% CAGR. Strong support from the government for the adoption of EVs has opened up opportunities for investors to look at related sectors.
Is It Worth Investing in CBAK Energy Technology Inc (NASDAQ: CBAT) Right Now?
Additionally, the 36-month beta value for CBAT is 1.86. There are mixed opinions on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 rating it as “hold,” and 0 rating it as “sell.”
The public float for CBAT is 71.24M and currently, short sellers hold a 1.48% ratio of that float. The average trading volume of CBAT on April 09, 2024 was 152.95K shares.
CBAT’s Market Performance
The stock of CBAK Energy Technology Inc (CBAT) has seen a -19.32% decrease in the past week, with a -19.32% drop in the past month, and a -25.74% fall in the past quarter. The volatility ratio for the week is 7.68%, and the volatility levels for the past 30 days are at 6.02% for CBAT. The simple moving average for the past 20 days is -20.72% for CBAT’s stock, with a -15.75% simple moving average for the past 200 days.
CBAT Trading at -18.83% from the 50-Day Moving Average
After a stumble in the market that brought CBAT to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -42.13% of loss for the given period.
Volatility was left at 6.02%, however, over the last 30 days, the volatility rate increased by 7.68%, as shares sank -20.84% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -22.31% lower at present.
During the last 5 trading sessions, CBAT fell by -19.32%, which changed the moving average for the period of 200-days by -36.43% in comparison to the 20-day moving average, which settled at $1.0473. In addition, CBAK Energy Technology Inc saw -20.09% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for CBAT
Current profitability levels for the company are sitting at:
- -0.0 for the present operating margin
- 0.16 for the gross margin
The net margin for CBAK Energy Technology Inc stands at -0.02. The total capital return value is set at -0.0. Equity return is now at value -2.13, with -0.93 for asset returns.
Based on CBAK Energy Technology Inc (CBAT), the company’s capital structure generated 0.24 points at debt to capital in total, while cash flow to debt ratio is standing at 1.3. The debt to equity ratio resting at 0.32. The interest coverage ratio of the stock is -0.0.
Currently, EBITDA for the company is 11.35 million with net debt to EBITDA at -6.14. When we switch over and look at the enterprise to sales, we see a ratio of 0.25. The receivables turnover for the company is 6.05for trailing twelve months and the total asset turnover is 0.73. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.80.
Conclusion
In conclusion, CBAK Energy Technology Inc (CBAT) has seen bad performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
