CBAK Energy Technology Inc [NASDAQ: CBAT] jumped around 0.16 points on Friday, while shares priced at $1.07 at the close of the session, up 17.26%.
Compared to the average trading volume of 300.38K shares, CBAT reached a trading volume of 10791403 in the most recent trading day, which is why market watchdogs consider the stock to be active.
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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 0.08, with the Price to Sales ratio for CBAT stock in the period of the last 12 months amounting to 0.54. The Price to Book ratio for the last quarter was 0.73, with the Price to Cash per share for the same quarter was set at 0.58. Price to Free Cash Flow for CBAT in the course of the last twelve months was 2.96 with Quick ratio for the last quarter at 0.66.
How has CBAT stock performed recently?
CBAK Energy Technology Inc [CBAT] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 30.49. With this latest performance, CBAT shares gained by 12.50% in over the last four-week period, additionally sinking by -21.90% over the last 6 months – not to mention a rise of 0.94% 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 66.24, with the RSI for the last a single of trading hit 74.49, and the three-weeks RSI is set at 60.45 for CBAK Energy Technology Inc [CBAT]. The present Moving Average for the last 50 days of trading for this stock 0.9623, while it was recorded at 0.8825 for the last single week of trading, and 1.1212 for the last 200 days.
CBAK Energy Technology Inc [CBAT]: Deeper insight into the fundamentals
CBAK Energy Technology Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.66 and a Current Ratio set at 0.85.
Earnings analysis for CBAK Energy Technology Inc [CBAT]
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 $2.28%, or 2.85%% of CBAT stock, in the hands of institutional investors. The top three institutional holders of CBAT stocks are: BRIDGEWAY CAPITAL MANAGEMENT, LLC with ownership of 0.65 million shares, which is approximately 0.7279%. EMPOWERED FUNDS, LLC, holding 0.29 million shares of the stock with an approximate value of $$0.4 million in CBAT stocks shares; and EMPOWERED FUNDS, LLC, currently with $$0.36 million in CBAT stock with ownership which is approximately 0.2962%.
