CBAK Energy Technology Inc (NASDAQ:CBAT) shares, rose in value on Wednesday, June 18, with the stock price up by 3.60% to the previous day’s close as strong demand from buyers drove the stock to $1.15.
Actively observing the price movement in the last trading, the stock closed the session at $1.11, falling within a range of $1.12 and $1.15. The value of beta (5-year monthly) was 1.702 whereas the PE ratio was 287.50 over 12-month period. Referring to stock’s 52-week performance, its high was $1.54, and the low was $0.57. On the whole, CBAT has fluctuated by 42.86% over the past month.
With the market capitalization of CBAK Energy Technology Inc currently standing at about $103.43 million, investors are eagerly awaiting this quarter’s results, scheduled for on 2025-May-19.
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% Buy on average. However, medium-term indicators have put the stock in the category of Hold while long-term indicators on average have been pointing out that it is a 50% Buy.
The stock’s technical analysis shows that the price of CBAT currently trading nearly 10.83% and 30.74% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 64.36, while the 7-day volatility ratio is showing 5.11% which for the 30-day chart, stands at 4.19%. Furthermore, CBAK Energy Technology Inc (CBAT)’s beta value is 1.70, and its average true range (ATR) is 0.07.
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 3.60% in last session, and over the past year, it shrunk by -30.30%%.
Data on historical trading for CBAK Energy Technology Inc (NASDAQ:CBAT) indicates that the trading volumes over the past 10 days have averaged 0.29 and over the past 3 months, they’ve averaged 210.58K. 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 2.08% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 1.08 million shares as on 2025-05-30, resulting in a short ratio of 5.64. According to the data, the short interest in CBAK Energy Technology Inc (CBAT) stood at 139.00 of shares outstanding as of 2025-05-30; the number of short shares registered in 2025-04-30 reached 1.02 million. The stock has risen by 22.34% 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.
