Investors on the quest for market-beating returns often employ the strategy of stock picking. Making informed choices in stocks can greatly amplify your wealth.
The price of CBAK Energy Technology Inc (NASDAQ: CBAT) closed at $1.04 in the last session, up 5.63% from day before closing price of $0.98. In other words, the price has increased by $5.63 from its previous closing price. On the day, 1.18 million shares were traded. CBAT stock price reached its highest trading level at $1.1 during the session, while it also had its lowest trading level at $0.97.
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 1.48 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 2.39. For the most recent quarter (mrq), Quick Ratio is recorded 0.66 and its Current Ratio is at 0.85. In the meantime, Its Debt-to-Equity ratio is 0.24 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 93536768 and an Enterprise Value of 83613616. As of this moment, CBAK’s Price-to-Earnings (P/E) ratio for their current fiscal year is 8.16, and their Forward P/E ratio for the next fiscal year is 9.45. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.27. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.44 while its Price-to-Book (P/B) ratio in mrq is 0.71. Its current Enterprise Value per Revenue stands at 0.37 whereas that against EBITDA is 2.639.
Stock Price History:
The Beta on a monthly basis for CBAT is 1.71, which has changed by -0.22222221 over the last 52 weeks, in comparison to a change of 0.24933672 over the same period for the S&P500. Over the past 52 weeks, CBAT has reached a high of $2.08, while it has fallen to a 52-week low of $0.77. The 50-Day Moving Average of the stock is 8.79%, while the 200-Day Moving Average is calculated to be -7.13%.
Shares Statistics:
According to the various share statistics, CBAT traded on average about 562.32K shares per day over the past 3-months and 2032630 shares per day over the past 10 days. A total of 89.94M shares are outstanding, with a floating share count of 71.63M. Insiders hold about 20.36% of the company’s shares, while institutions hold 2.17% stake in the company. Shares short for CBAT as of 1730332800 were 1118014 with a Short Ratio of 2.34, compared to 1727654400 on 977404. Therefore, it implies a Short% of Shares Outstanding of 1118014 and a Short% of Float of 1.4099999.
