CBAK Energy Technology Inc (NASDAQ: CBAT)’s stock price has increased by 19.45 compared to its previous closing price of 0.91. However, the company has seen a 32.93% increase in its stock price over the last five trading sessions. prnewswire.com reported 2024-12-27 that DALIAN, China, Dec. 27, 2024 /PRNewswire/ — CBAK Energy Technology, Inc. (NASDAQ: CBAT) (“CBAK Energy” or the “Company”), a leading manufacturer of lithium-ion and sodium-ion batteries and electric energy solutions in China, today announced that its wholly-owned subsidiary, Nanjing CBAK New Energy Technology Co., Ltd. (“Nanjing CBAK”), has secured substantial orders from Anker Innovations Technology Co., Ltd.
Is It Worth Investing in CBAK Energy Technology Inc (NASDAQ: CBAT) Right Now?
CBAK Energy Technology Inc (NASDAQ: CBAT) has a price-to-earnings ratio of 8.56x that is above its average ratio. Additionally, the 36-month beta value for CBAT is 1.75. 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.”
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The public float for CBAT is 71.63M and currently, short sellers hold a 1.84% ratio of that float. The average trading volume of CBAT on December 27, 2024 was 300.38K shares.
CBAT’s Market Performance
CBAT stock saw an increase of 32.93% in the past week, with a monthly gain of 14.60% and a quarterly increase of 2.83%. The volatility ratio for the week is 7.99%, and the volatility levels for the last 30 days are 6.72% for CBAK Energy Technology Inc (CBAT). The simple moving average for the last 20 days is 22.76% for CBAT stock, with a simple moving average of -2.79% for the last 200 days.
CBAT Trading at 13.23% 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 -47.60% of loss for the given period.
Volatility was left at 6.72%, however, over the last 30 days, the volatility rate increased by 7.99%, as shares surge +20.80% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +4.55% upper at present.
During the last 5 trading sessions, CBAT rose by +40.24%, which changed the moving average for the period of 200-days by -0.86% in comparison to the 20-day moving average, which settled at $0.8909. In addition, CBAK Energy Technology Inc saw 3.81% in overturn over a single year, with a tendency to cut further gains.
Stock Fundamentals for CBAT
Current profitability levels for the company are sitting at:
- 0.08 for the present operating margin
- 0.25 for the gross margin
The net margin for CBAK Energy Technology Inc stands at 0.06. The total capital return value is set at 0.12. Equity return is now at value 9.38, with 3.97 for asset returns.
Based on CBAK Energy Technology Inc (CBAT), the company’s capital structure generated 0.17 points at debt to capital in total, while cash flow to debt ratio is standing at 2.14.
Currently, EBITDA for the company is 5.48 million with net debt to EBITDA at 0.73. When we switch over and look at the enterprise to sales, we see a ratio of 0.58. The receivables turnover for the company is 5.38for trailing twelve months and the total asset turnover is 0.71. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.85.
Conclusion
In conclusion, CBAK Energy Technology Inc (CBAT) has seen better 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.
