CBAK Energy Technology Inc. [CBAT] is 34.39% higher this YTD. Is it still time to buy?

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CBAK Energy Technology Inc. [NASDAQ: CBAT] slipped around -0.34 points on Wednesday, while shares priced at $6.80 at the close of the session, down -4.76%. The company report on January 20, 2021 that CBAK INVESTOR ALERT: Securities Litigation Partner James Wilson Encourages Investors Who Suffered Losses Exceeding $50,000 In CBAK To Contact Him Directly To Discuss Their Options.

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Faruqi & Faruqi, LLP, a leading minority and certified woman-owned national securities law firm, is investigating potential claims against CBAK Energy Technology, Inc. (“CBAK” or the “Company”) (NASDAQ:CBAT).

If you suffered losses exceeding $50,000 investing in CBAK stock or options and would like to discuss your legal rights, click here: www.faruqilaw.com/CBAT or call Faruqi & Faruqi partner James Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310).

CBAK Energy Technology Inc. stock is now 34.39% up from its year-to-date (YTD) trading value. CBAT Stock saw the intraday high of $7.63 and lowest of $6.40 per share. The company’s 52-week high price is 11.40, which means current price is +38.78% above from all time high which was touched on 01/07/21.

Compared to the average trading volume of 10.75M shares, CBAT reached a trading volume of 8411012 in the most recent trading day, which is why market watchdogs consider the stock to be active.

What do top market gurus say about CBAK Energy Technology Inc. [CBAT]?

The Average True Range (ATR) for CBAK Energy Technology Inc. is set at 0.86, with the Price to Sales ratio for CBAT stock in the period of the last 12 months amounting to 19.60. The Price to Book ratio for the last quarter was 26.15, with the Price to Cash per share for the same quarter was set at 0.02.

How has CBAT stock performed recently?

CBAK Energy Technology Inc. [CBAT] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -6.85. With this latest performance, CBAT shares gained by 44.99% in over the last four-week period, additionally plugging by 688.68% over the last 6 months – not to mention a rise of 729.27% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for CBAT stock in for the last two-week period is set at 54.33, with the RSI for the last a single of trading hit 54.07, and the three-weeks RSI is set at 54.43 for CBAK Energy Technology Inc. [CBAT]. The present Moving Average for the last 50 days of trading for this stock 6.23, while it was recorded at 6.82 for the last single week of trading, and 2.43 for the last 200 days.

CBAK Energy Technology Inc. [CBAT]: Deeper insight into the fundamentals

Operating Margin for any stock indicates how profitable investing would be, and CBAK Energy Technology Inc. [CBAT] shares currently have an operating margin of -34.97 and a Gross Margin at +2.80. CBAK Energy Technology Inc.’s Net Margin is presently recorded at -48.51.

Return on Total Capital for CBAT is now -17.50, given the latest momentum, and Return on Invested Capital for the company is -48.88. Return on Equity for this stock declined to -154.70, with Return on Assets sitting at -9.65. When it comes to the capital structure of this company, CBAK Energy Technology Inc. [CBAT] has a Total Debt to Total Equity ratio set at 266.75. Additionally, CBAT Total Debt to Total Capital is recorded at 72.73, with Total Debt to Total Assets ending up at 37.97. Long-Term Debt to Equity for the company is recorded at 69.97, with the Long-Term Debt to Total Capital now at 19.08.

Reflecting on the efficiency of the workforce at the company, CBAK Energy Technology Inc. [CBAT] managed to generate an average of -$28,790 per employee. Receivables Turnover for the company is 1.12 with a Total Asset Turnover recorded at a value of 0.20.CBAK Energy Technology Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.40 and a Current Ratio set at 0.50.

Earnings analysis for CBAK Energy Technology Inc. [CBAT]

With the latest financial reports released by the company, CBAK Energy Technology Inc. posted -0.2/share EPS, while the average EPS was predicted by analysts to be reported at 0/share. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for CBAT. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for CBAK Energy Technology Inc. go to 30.00%.

Insider trade positions for CBAK Energy Technology Inc. [CBAT]

There are presently around $2 million, or 0.50% of CBAT stock, in the hands of institutional investors. The top three institutional holders of CBAT stocks are: HRT FINANCIAL LP with ownership of 161,002, which is approximately 395.818% of the company’s market cap and around 60.17% of the total institutional ownership; TWO SIGMA ADVISERS, LP, holding 99,100 shares of the stock with an approximate value of $0.67 million in CBAT stocks shares; and RENAISSANCE TECHNOLOGIES LLC, currently with $0.29 million in CBAT stock with ownership of nearly -52.613% of the company’s market capitalization.

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Positions in CBAK Energy Technology Inc. stocks held by institutional investors increased at the end of January and at the time of the January reporting period, where 6 institutional holders increased their position in CBAK Energy Technology Inc. [NASDAQ:CBAT] by around 270,044 shares. Additionally, 3 investors decreased positions by around 88,222 shares, while 0 investors held positions by with 9,192 shares. The mentioned changes placed institutional holdings at 349,074 shares, according to the latest SEC report filing. CBAT stock had 3 new institutional investments in for a total of 135,164 shares, while 1 institutional investors sold positions of 27,078 shares during the same period.

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