CBAK Energy Technology Inc (NASDAQ:CBAT) shares, rose in value on Thursday, April 16, with the stock price up by 5.12% to the previous day’s close as strong demand from buyers drove the stock to $0.70.
Actively observing the price movement in the last trading, the stock closed the session at $0.67, falling within a range of $0.67 and $0.7052. The value of beta (5-year monthly) was 1.585 whereas the PE ratio was 5.39 over 12-month period. Referring to stock’s 52-week performance, its high was $2.08, and the low was $0.57. On the whole, CBAT has fluctuated by -17.14% over the past month.
With the market capitalization of CBAK Energy Technology Inc currently standing at about $63.34 million, investors are eagerly awaiting this quarter’s results, scheduled for on 2025-Mar-16.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 223.28M, with a low estimate of 52.16M and a high estimate of 52.16M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 52.16M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that CBAT’s technical picture suggests that short-term indicators denote the stock is a 100% Sell on average. However, medium-term indicators have put the stock in the category of 100% Sell while long-term indicators on average have been pointing out that it is a 100% Sell.
The stock’s technical analysis shows that the price of CBAT currently trading nearly -5.11% and -13.55% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 42.11, while the 7-day volatility ratio is showing 6.47% which for the 30-day chart, stands at 8.56%. Furthermore, CBAK Energy Technology Inc (CBAT)’s beta value is 1.70, and its average true range (ATR) is 0.06.
A comparison of CBAK Energy Technology Inc (CBAT) with its peers suggests the former has fared considerably weaker in the market. CBAT showed an intraday change of 5.12% in last session, and over the past year, it shrunk by -25.87%%.
Data on historical trading for CBAK Energy Technology Inc (NASDAQ:CBAT) indicates that the trading volumes over the past 10 days have averaged 0.24 and over the past 3 months, they’ve averaged 195.62K. According to company’s latest data on outstanding shares, there are 89.94 million shares outstanding.
Nearly 20.43% of CBAK Energy Technology Inc’s shares belong to company insiders and institutional investors own 2.05% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 0.93 million shares as on 2025-03-31, resulting in a short ratio of 5.92. According to the data, the short interest in CBAK Energy Technology Inc (CBAT) stood at 117.00 of shares outstanding as of 2025-03-31; the number of short shares registered in 2025-02-28 reached 1.04 million. The stock has fallen by -25.07% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the CBAT stock heading into the next quarter.
