The price of China Automotive Systems Inc. (NASDAQ: CAAS) closed at $8.06 in the last session, down -16.13% from day before closing price of $9.61. In other words, the price has decreased by -$1.55 from its previous closing price. On the day, 840196 shares were traded. CAAS stock price reached its highest trading level at $9.48 during the session, while it also had its lowest trading level at $7.62.
From Robots to Self-Driving Cars: 5 AI Stocks to Consider for Your Portfolio
The artificial intelligence (AI) revolution is already here and it's about to change everything we know about everything. With the global market for AI projected to grow from $137 billion in 2022 to over $1.81 trillion by 2030, there's never been a better time to invest in this burgeoning industry. That's why we've compiled a list of the Top 5 AI Stocks to Buy for 2023. These companies are at the forefront of the AI revolution, and have the potential to deliver huge returns to investors like you.
Get our free report, "Top 5 AI Stocks to Buy for 2023".
Sponsored
Ratios:
We take a closer look at CAAS’s different ratios to gain a better understanding of the stock. For the most recent quarter (mrq), Quick Ratio is recorded 1.10 and its Current Ratio is at 1.50. In the meantime, Its Debt-to-Equity ratio is 0.37 whereas as Long-Term Debt/Eq ratio is at 0.00.
Upgrades & Downgrades
Valuation Measures:
As of this moment, China’s Price-to-Earnings (P/E) ratio for their current fiscal year is 11.38, and their Forward P/E ratio for the next fiscal year is 16.79. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.14. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.41 while its Price-to-Book (P/B) ratio in mrq is 0.82.
Stock Price History:
Over the past 52 weeks, CAAS has reached a high of $9.70, while it has fallen to a 52-week low of $2.20. The 50-Day Moving Average of the stock is 6.77, while the 200-Day Moving Average is calculated to be 4.28.
Shares Statistics:
According to the various share statistics, CAAS traded on average about 236.40K shares per day over the past 3-months and 365.3k shares per day over the past 10 days. A total of 30.64M shares are outstanding, with a floating share count of 10.51M. Insiders hold about 65.18% of the company’s shares, while institutions hold 3.10% stake in the company. Shares short for CAAS as of Oct 13, 2022 were 54.9k with a Short Ratio of 0.19M, compared to 57.48k on Sep 14, 2022. Therefore, it implies a Short% of Shares Outstanding of 0.18% and a Short% of Float of 0.50%.
Dividends & Splits
The current Payout Ratio is 0.00% for CAAS, which recently paid a dividend on Jul 27, 2014 with an ex-dividend date of Jun 23, 2014. Stock splits for the company last occurred on Mar 04, 2003 when the company split stock in a 3:1 ratio.
Earnings Estimates
The company has 1 analysts who recommend its stock at the moment. On average, analysts expect EPS of $0.04 for the current quarter, with a high estimate of $0.04 and a low estimate of $0.04, while EPS last year was -$0.01. The consensus estimate for the next quarter is $0.06, with high estimates of $0.06 and low estimates of $0.06.
Analysts are recommending an EPS of between $0.4 and $0.4 for the fiscal current year, implying an average EPS of $0.4. EPS for the following year is $0.3, with 1 analysts recommending between $0.3 and $0.3.
Revenue Estimates
According to 1 analysts, the current quarter’s revenue is expected to be $120.56M. It ranges from a high estimate of $120.56M to a low estimate of $120.56M. As of the current estimate, China Automotive Systems Inc.’s year-ago sales were $108.23M, an estimated increase of 11.40% from the year-ago figure. For the next quarter, 1 analysts are estimating revenue of $131.48M, a decrease of -5.30% less than the figure of $11.40% in the same quarter last year. There is a high estimate of $131.48M for the next quarter, whereas the lowest estimate is $131.48M.
A total of 1 analysts have provided revenue estimates for CAAS’s current fiscal year. The highest revenue estimate was $515.59M, while the lowest revenue estimate was $515.59M, resulting in an average revenue estimate of $515.59M. In the same quarter a year ago, actual revenue was $497.99M, up 3.50% from the average estimate. Based on 1 analysts’ estimates, the company’s revenue will be $531.72M in the next fiscal year. The high estimate is $531.72M and the low estimate is $531.72M. The average revenue growth estimate for next year is up 3.10% from the average revenue estimate for this year.
