CBAK Energy Technology Inc. (NASDAQ: CBAT) Volatility Spurs A Quest For Clarity


With over 0.38 million CBAK Energy Technology Inc. (CBAT) shares trading Friday and a closing price of $0.91 on the day, the dollar volume was approximately $0.35 million. The shares have shown a negative weekly performance of -20.18% and its price on 07/17/20 lost nearly -0.91%. Currently, there are 53.29M common shares owned by the public and among those 20.29M shares have been available to trade.

An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 1 analysts who have offered their price forecasts for CBAT have a consensus price objective of $10.00. The analysts have set the share’s price value over the next 12 months at a high of $10.00 and a low of $10.00 should the stock experience a downside. But an upside of 90.9% will see the stock hit the forecast high price target while mean target price for the stock is $10.00.

Insiders at the company have transacted a total of 3 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 3 of these insider trades were purchases, accounting for 6,305,169 shares. Insider sales of the common stock occurred on 0 occasions, with total insider shares sold totaling 0 shares.

Fidelity Nasdaq Composite Index F owns 4348.0 shares of the company’s stock, all valued at over $3304.0.

Shares of CBAK Energy Technology Inc. (NASDAQ: CBAT) opened at $0.92, unchanged from a prior closing price of $0.92. However, the script later closed the day at $0.91, down -0.91%. The company’s stock has a 5-day price change of -20.18% and 121.95% over the past three months. CBAT shares are trading -20.87% year to date (YTD), with the 12-month market performance down to -9.90% lower. It has a 12-month low price of $0.36 and touched a high of $1.68 over the same period. Currently, 0.38 million shares have been traded, compared to an average intraday trading volume of 640.67K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 0.68%, 32.60%, and 39.43% respectively.

Institutional ownership of CBAK Energy Technology Inc. (NASDAQ: CBAT) shares accounts for 0.30% of the company’s 53.29M shares outstanding. Mutual fund holders own 0.33%, while other institutional holders and individual stakeholders account for 57.53% and 0.01% respectively.

It has a market capitalization of $58.50M and a beta (3y monthly) value of 3.38. The earnings-per-share (ttm) stands at -$0.23. Price movements for the stock have been influenced by the stock’s volatility, which stands at 10.44% over the week and 19.70% over the month.

Analysts forecast that CBAK Energy Technology Inc. (CBAT) will achieve an EPS of $0 for the current quarter, $0 for the next quarter and $0 for 2012. The lowest estimate earnings-per-share for the quarter is $0 while analysts give the company a high EPS estimate of $0. Comparatively, EPS for the current quarter was -$0.2 a year ago. EPS should grow at an annualized rate of 30.00% over the next five years, compared to -17.60% over the past 5-year period.

Specifically, 0 Wall Street analysts polled rate the stock as a buy, while 1 of the 1 advise that investors “hold,” and 0 rated it as a “Sell.”


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