CBAK Energy Technology, Inc. (NASDAQ:CBAT) traded at $0.9 at last check on Monday, Sep 14, making an upward move of 26.16% on its previous day’s price.
Looking at the stock we see that its previous close was $0.71 and the beta (5Y monthly) reads 3.06 with the day’s price range being $0.7140 – 0.9361. The company has a 12-month trailing PE ratio of 0. In terms of its 52-week price range, CBAT has a high of $1.68 and a low of $0.36. The company’s stock has gained about 7.48% 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 Hold, while medium term indicators assign it an average of 100% Buy. Long term indicators on average place the stock in the category of 100% 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 28% off its SMA20 and 6.74% from its 50-day simple moving average. The RSI (14) is pointing at 62.74 while the volatility over the past week is 15.35% and drops to 13.1% over the past one month. The beta value is 3.06, while the average true range (ATR) is currently pointing at 0.09. 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 1011.11% and +1011.11% off the current price level respectively, although investors could be excited at the prospect of a +1011.11% 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 +26.16% and +11.82% over the past 12 months for CBAT competes that of Generac Holdings Inc (GNRC), which has seen its stock price rise 3.19% in the latest trading session and is +121.19% over the last one year. Another of its peers Babcock & Wilcox Enterprises (BW) has climbed 3.97% today, but is -44.84% down over the past year. Generac has a P/E ratio of 45.57 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 higher today at 0.0127% and 0.0118% in early deals.
Coming back to CBAK Energy Technology, Inc. (NASDAQ:CBAT), we note that the average 3-month trading volume was 1.1 Million, while that of the preceding 10-day period stands at 874Million. Current shares outstanding are 65.15 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 August 30, 2020, stood at 65.07 Million at a short ratio of 0.19. This represents a 0.1% Short interest in Shares outstanding on August 30, 2020. Shares short dropped in August from the previous month at 84.84 Million. Investors should be excited about this stock as its upside potential is great, with today’s price pushing the stock -21.74% down in year-to-date price movement.