CBAK Energy Technology, Inc. (NASDAQ:CBAT) concluded the trading on Thursday, Oct 15, with a rise of 12.08% from its closing price on previous day.
Taking a look at stock we notice that its last check on previous day was $3.31 and 5Y monthly beta was reading 2.2 with its price kept floating in the range of $3.1300 and $3.9300 on the day. Company’s P/E ratio for the trailing 12 months is 0. Considering stock’s 52-week price range provides that CBAT hit a high price of $4.98 and saw its price falling to a low level of $0.36 during that period. Over a period of past 1-month, stock came adding 303.26% in its value.
In contrast, when we review CBAT stock’s current outlook then short term indicators are assigning it an average of 100% Buy, while medium term indicators are categorizing the stock at an average of 100% Buy. Long term indicators are suggesting an average of 100% Buy for it.
According to ratings assigned by 1 analysts at the scale of 1 to 5 with 1.00 representing a strong buy and 5.00 suggesting a strong sell; 1 of them are recommending CBAK Energy Technology, Inc. (CBAT) as a Hold, while none are in view that stock is a Buy. Recommendation by None analysts for the stock is an Outperform while number of those analysts who rated the stock as Underperform is none, whereas none of them are considering the stock as a Sell. When taken as whole, stock gets a rating of Hold and that encourages the investors to exploit the opportunity and build their stake up in the company.
Digging deeper we become aware of the PEG ratio of the CBAT stock which is currently positioned at 0. It further provides that stock’s current price level is 49.65% away from its 20-day simple moving average and is 156.37% off its SMA50. Its relative strength index (RSI) for 14-periods is oscillating at 66.96 while volatility remained at 17.53% over the past week which changes to 33.87% when measuring it over the past month. Beta is valued at 2.2, while measure of average true range or ATR is currently at 0.6. In predicting price targets of as low as $10 and as high as $10, analysts are in agreement on assigning the stock over the next 12 months average price target of $10. Stock’s current price level is 169.54% above from estimated low price target while it is 169.54% below the estimated high; and even if the CBAT’s share succeeded to reach the median price of $10, then the outlook of +169.54% could come to the excitement of the investors.
In comparing CBAK Energy Technology, Inc. (CBAT)’s stock with other industry players reveals that stock’s latest price change of +12.08% and that of +524.58% over the past 12 months is in better position with that of Generac Holdings Inc (GNRC) which saw its stock price raised by 3.34% in the recent trading and went through an increase of 143.91% in past 12-month trading. Industry’s another major player Babcock & Wilcox Enterprises (BW) has fell -3.07% down in latest trading session, but over the past year has faced a fall of -41.84%. CBAK Energy Technology, Inc. has a P/E ratio of 0 against that of Generac Holdings Inc’s 51.93 while Babcock & Wilcox Enterprises is showing 0 for the same. On the other hand, the S&P 500 Index is down -0.15% in the early deals today while the Dow Jones Industrial was dealing lower at -0.07%.
Having a second look at CBAK Energy Technology, Inc. (NASDAQ:CBAT) provides that stock’s average daily trading volume for 3 months was 8.57 Million, while it dropped to 14.23 Million when we calculate an average volume for past 10 days. Number of outstanding shares of the stock currently stood at 65.15 Million.
Data compiled by Thomson Reuters highlights that percentage of outstanding shares held by the insiders is 43.78% while it is 0.81% for the institutional holders. The figures also indicate that as of September 29, 2020, number of stock’s short shares was 3620000 which implies a short ratio of 0.21. This shows up a 5.55% of Short Interest in company’s outstanding shares on the day. In September the standing of shares short declined as it was 65.07 Million in the previous month. Addition of +222.61% by stock’s current price to its year-to-date value in today’s trading is likely to be increasing investors’ interest in the stock as it is hinting an extended uptrend.