CBAK Energy Technology Inc. (CBAT): Interesting things to know About CBAT

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CBAK Energy Technology Inc. (NASDAQ:CBAT) changes shares on Monday trading session, with a change of 1.94% or $0.01 shares. The trading starts at $0.66 and closed at $0.68 throughout the day. The trading session low price was $0.63 and day high was $0.695 on Monday, June 22. After the session, the Industrials sector daily volume shifted to 0.19 million while its average volume is 113.02K. In other hand, the CBAT market cap reached to $39.35M. While, its current target price is $0.69 according to WSJ.

Checking out the performance report which defines the increase or decrease of prices for a specific period. For the last 5 trading sessions, its performance is up 8.68% and up 35.29% for month. Its quarterly performance was 81.13% above, while its half year performance is down -36.10%. CBAT yearly performance stood at negative -27.91% and fall -39.99% for year-to-date.

Earnings per share or EPS is an important financial measure, which defines the profitability of a company. CBAT EPS (TTM) for 12-month is -0.28. EPS for this year is -278.20%. Its EPS Q/Q reached 46.00%. It has an EPS of -17.60% down for past five years and for the next five years will be up 30.00%.

Let’s take a look on the analyst recommendations on CBAT for the current month and previous month. For the current month, 0 of 1 analysts recommend stock as Buy while 0 as Sell, 0 as overweight, 0 as underweight and 1 as Hold. As compared with the previous month ratings, 1 analysts participate in stock recommendation. Out of 1, 1 rated it sell, 0 rated it as Buy and 0 as Hold Ratings. On the other hand, target price ranges from $10.00-$10.00. Average target price for CBAT was reached at $10.00.

On Mar 30, 2020, Renaissance Technologies, LLC has 91249.0 shares which valued 37412.0. On Mar 30, 2020, Citadel Advisors LLC owned 86300.0 shares which valued at 35383.0. The insider ownership moved to 36.10% and institutional holding shifted to 0.30%.

The company posted an EPS (TTM) of -0.28. Comparing with last year, the average estimated EPS was -0.2 which is higher than -0.3 which was posted for recent quarter EPS.

A brief look on simple moving average (SMA) that determines the market price can impact a market. The SMA for CBAT rise 8.08% for period of 200 days. SMA for 50 days was 34.55% which is showing green signal, while SMA-20 was 17.33%. The moving average value for CBAK Energy Technology Inc. (CBAT) is 0.6390 and 0.5506 for 200 and 50 days respectively.

Let’s take a look on the insider transactions, in which multiple shareholders are showing interest in CBAT stock. On Jun 03, Asia EVK New Energy Auto Ltd, 10% Owner, bought 2,151,017 trading shares at the cost of $0.48, which valued at 1.03 million. On Jun 03, Li Yunfei, CEO, bought 2,062,619 shares at the cost of $0.48, with total shares of 10,726,705.