CBAK Energy Technology, Inc. (NASDAQ:CBAT) traded at $0.8121 at last check on Monday, June 29, making an upward move of 9.57% on its previous day’s price.
Looking at the stock we see that its previous close was $0.74 and the beta (5Y monthly) reads 3.28 with the day’s price range being $0.7601 – 0.9400. In terms of its 52-week price range, CBAT has a high of $1.2 and a low of $0.36. The company’s stock has gained about 57.69% over that past 30 days.
On the other hand, looking at the outlook for the CBAT stock, short term indicators assign the stock an average of 100% Buy, while medium term indicators assign it an average of Hold. Long term indicators on average place the stock in the category of 50% Buy.
Based on estimates by 1 analysts where scores have ranged from 1.00 for a strong buy to 5.00 for a strong sell, 1 have rated the CBAK Energy Technology, Inc. (CBAT) stock as a Hold, while none rate it as a Buy. None analysts rate it as outperform while none of them rated it as underperform, whereas none suggests the stock as a Sell. The stock has an overall rating of Hold and investors could take advantage and scoop up stock of the company.
Looking further, we note that the PEG ratio for the CBAT stock currently stands at 0, and the current price level is 23.9% off its SMA20 and 47.25% from its 50-day simple moving average. The RSI (14) is pointing at 67.2 while the volatility over the past week is 9.16% and jumps to 14.16% over the past one month. The beta value is 3.3, while the average true range (ATR) is currently pointing at 0.08. The average price target for the stock over the next 12 months is $10, with the estimates having a low of $10 and a high of $10. These price ends are 1131.38% and +1131.38% off the current price level respectively, although investors could be excited at the prospect of a +1131.38% if the CBAT share price touches on the median price of $10.
Let’s briefly compare CBAK (CBAT) stock to its peers. We find that today’s price change of +9.57% and -25.4% over the past 12 months for CBAT competes that of Generac Holdings Inc (GNRC), which has seen its stock price rise 1.52% in the latest trading session and is +68.77% over the last one year. Another of its peers Babcock & Wilcox Enterprises (BW) has dropped -3.73% today, but is -26.7% down over the past year. Generac has a P/E ratio of 29.52 compared to CBAK’s 0 and Babcock’s 0. In contrast to these companies, both the S&P 500 Index and the Dow Jones Industrial are today at 1.81% and 1.11%, respectively, in early deals.
Coming back to CBAK Energy Technology, Inc. (NASDAQ:CBAT), we note that the average 3-month trading volume was 127.49 Million, while that of the preceding 10-day period stands at 217.92 Million. Current shares outstanding are 63.66 Million.
According to data from Thomson Reuters, insiders hold 43.78% of the company’s shares while institutions hold 0.81%. The data shows that short shares as of June 14, 2020, stood at 18.28 Million at a short ratio of 0.08. This represents a 0.03% Short interest in Shares outstanding on June 14, 2020. Shares short rose in June from the previous month at 5.7 Million. Investors should be excited about this stock as its upside potential is great, with today’s price pushing the stock -36.51% down in year-to-date price movement.