Gaining Ground: CBAK Energy Technology Inc (CBAT) Closes Higher at 1.82, Up 12.35

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The price of CBAK Energy Technology Inc (NASDAQ: CBAT) closed at $1.82 in the last session, up 12.35% from day before closing price of $1.62. In other words, the price has increased by $12.35 from its previous closing price. On the day, 0.52 million shares were traded. CBAT stock price reached its highest trading level at $1.84 during the session, while it also had its lowest trading level at $1.6.

Ratios:

We take a closer look at CBAT’s different ratios to gain a better understanding of the stock. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 2.87 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 12.98. For the most recent quarter (mrq), Quick Ratio is recorded 0.64 and its Current Ratio is at 0.83. In the meantime, Its Debt-to-Equity ratio is 0.35 whereas as Long-Term Debt/Eq ratio is at 0.02.

Valuation Measures:

Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, CBAT now has a Market Capitalization of 163689344 and an Enterprise Value of 182112800. As of this moment, CBAK’s Price-to-Earnings (P/E) ratio for their current fiscal year is 18.78, and their Forward P/E ratio for the next fiscal year is 4.92. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.63. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.74 while its Price-to-Book (P/B) ratio in mrq is 1.35. Its current Enterprise Value per Revenue stands at 0.825 whereas that against EBITDA is 8.341.

Stock Price History:

Over the past 52 weeks, CBAT has reached a high of $2.08, while it has fallen to a 52-week low of $0.76. The 50-Day Moving Average of the stock is 54.26%, while the 200-Day Moving Average is calculated to be 81.80%.

Shares Statistics:

According to the various share statistics, CBAT traded on average about 234.41K shares per day over the past 3-months and 744730 shares per day over the past 10 days. A total of 89.92M shares are outstanding, with a floating share count of 71.66M. Insiders hold about 20.32% of the company’s shares, while institutions hold 2.13% stake in the company. Shares short for CBAT as of 1715731200 were 1065372 with a Short Ratio of 4.54, compared to 1713139200 on 1037867. Therefore, it implies a Short% of Shares Outstanding of 1065372 and a Short% of Float of 1.34000005.

Earnings Estimates

Its stock is currently analyzed by 1 different market analysts. On average, analysts expect EPS of $0.07 for the current quarter, with a high estimate of $0.07 and a low estimate of $0.07, while EPS last year was $0. The consensus estimate for the next quarter is $0.07, with high estimates of $0.07 and low estimates of $0.07.

Analysts are recommending an EPS of between $0.32 and $0.32 for the fiscal current year, implying an average EPS of $0.32. EPS for the following year is $0.37, with 1.0 analysts recommending between $0.37 and $0.37.

Revenue Estimates

According to 1 analysts, the current quarter’s revenue is expected to be $62.57M. It ranges from a high estimate of $62.57M to a low estimate of $62.57M. As of the current estimate, CBAK Energy Technology Inc’s year-ago sales were $56.35MFor the next quarter, 1 analysts are estimating revenue of $67.48M. There is a high estimate of $67.48M for the next quarter, whereas the lowest estimate is $67.48M.

A total of 1 analysts have provided revenue estimates for CBAT’s current fiscal year. The highest revenue estimate was $259.21M, while the lowest revenue estimate was $259.21M, resulting in an average revenue estimate of $259.21M. In the same quarter a year ago, actual revenue was $204.44MBased on 1 analysts’ estimates, the company’s revenue will be $321.54M in the next fiscal year. The high estimate is $321.54M and the low estimate is $321.54M.

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