CBAK Energy Technology (CBAT) Stock Price, News & Analysis

Company Overview

CBAK Energy Technology, Inc., together with its subsidiaries, manufacture, commercialization, and distribution of lithium ion high power rechargeable batteries in Mainland China, the United States, Europe, and internationally. The company operates in two segments, CBAK and Hitrans. Its lithium batteries are used in various applications, including electric vehicles, such as electric cars, electric buses, and hybrid electric cars and buses; light electric vehicles, such as electric bicycles, electric motors, electric tricycles, and smaller-sized electric cars; and electric tools, energy storage, uninterruptible power supply, and other high power applications, as well as cordless power tools. The company also develops and manufactures NCM precursor and cathode materials. The company was formerly known as China BAK Battery, Inc. and changed its name to CBAK Energy Technology, Inc. in January 2017. CBAK Energy Technology, Inc. is based in Dalian, China.

Key Stats

• Today's Range: $0.85 to $0.88
• 50-Day Range: $0.84 to $1.25
• 52-Week Range: $0.79 to $2.08
• Volume: 144,016 shs
• Average Volume: 216,339 shs
• Market Capitalization: $78.74 million
• P/E Ratio: 7.30
• Dividend Yield: N/A
• Price Target: N/A
• Consensus Rating: N/A

CBAK Energy Technology Stock Analysis - MarketRank™

CBAK Energy Technology scored higher than 26% of companies evaluated by MarketBeat, and ranked 554th out of 650 stocks in the computer and technology sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: N/A
• Analyst Rating: N/A

Consensus Rating

There is not enough analysis data for CBAK Energy Technology.

Earnings and Valuation

• Score: 1.9 / 5
• Proj. Earnings Growth: -42.11%

Earnings Growth

Earnings for CBAK Energy Technology are expected to decrease by -42.11% in the coming year, from $0.19 to $0.11 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of CBAK Energy Technology is 7.17, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 126.99.

Price to Earnings Ratio vs. Sector

The P/E ratio of CBAK Energy Technology is 7.17, which means that it is trading at a less expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 236.38.

Price to Book Value per Share Ratio

CBAK Energy Technology has a P/B Ratio of 0.59. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Short Interest

• Score: 2.0 / 5
• Short Interest Level: Bearish

Percentage of Shares Shorted

1.56% of the float of CBAK Energy Technology has been sold short.

Short Interest Ratio / Days to Cover

CBAK Energy Technology has a short interest ratio ("days to cover") of 4.8.

Change versus previous month

Short interest in CBAK Energy Technology has recently increased by 3.70%, indicating that investor sentiment is decreasing.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

CBAK Energy Technology does not currently pay a dividend.

Dividend Growth

CBAK Energy Technology does not have a long track record of dividend growth.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

1.56% of the float of CBAK Energy Technology has been sold short.

Short Interest Ratio / Days to Cover

CBAK Energy Technology has a short interest ratio ("days to cover") of 4.8.

Change versus previous month

Short interest in CBAK Energy Technology has recently increased by 3.70%, indicating that investor sentiment is decreasing.

News and Social Media

• Score: 3.1 / 5
• News Sentiment: 0.57

News Sentiment

CBAK Energy Technology has a news sentiment score of 0.57. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Computer and Technology companies.

News Coverage This Week

MarketBeat has tracked 3 news articles for CBAK Energy Technology this week, compared to 1 article on an average week.

Search Interest

22 people have searched for CBAT on MarketBeat in the last 30 days. This is an increase of 38% compared to the previous 30 days.

MarketBeat Follows

3 people have added CBAK Energy Technology to their MarketBeat watchlist in the last 30 days. This is an increase of 200% compared to the previous 30 days.

Company Ownership

• Score: 0.8 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, CBAK Energy Technology insiders have not sold or bought any company stock.

Percentage Held by Insiders

13.04% of the stock of CBAK Energy Technology is held by insiders. A high percentage of insider ownership can be a sign of company health.

Percentage Held by Institutions

Only 1.97% of the stock of CBAK Energy Technology is held by institutions.

CBAT Stock Analysis - Frequently Asked Questions

How have CBAT shares performed this year?

CBAK Energy Technology's stock was trading at $1.05 on January 1st, 2024. Since then, CBAT shares have decreased by 18.1% and is now trading at $0.8601.
View the best growth stocks for 2024 here.

How were CBAK Energy Technology's earnings last quarter?

CBAK Energy Technology, Inc. (NASDAQ:CBAT) issued its quarterly earnings data on Friday, August, 9th. The electronics maker reported $0.07 EPS for the quarter, meeting the consensus estimate of $0.07. The electronics maker earned $47.79 million during the quarter, compared to analysts' expectations of $62.57 million. CBAK Energy Technology had a net margin of 6.25% and a trailing twelve-month return on equity of 10.55%.

Who are CBAK Energy Technology's major shareholders?

Top institutional investors of CBAK Energy Technology include Empowered Funds LLC (0.35%), XTX Topco Ltd (0.04%), Azzad Asset Management Inc. ADV (0.04%) and PFG Investments LLC (0.04%).
View institutional ownership trends.

How do I buy shares of CBAK Energy Technology?

Shares of CBAT stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of CBAK Energy Technology own?

Based on aggregate information from My MarketBeat watchlists, some other companies that CBAK Energy Technology investors own include Zomedica (ZOM), NIO (NIO), Jumia Technologies (JMIA), Block (SQ), Nano Dimension (NNDM), Digital Turbine (APPS) and Palantir Technologies (PLTR).

Company Calendar

• Last Earnings: 8/09/2024
• Today: 11/21/2024
• Fiscal Year End: 12/31/2024
• Next Earnings (Estimated): 3/21/2025

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Computer and Technology
• Industry: Miscellaneous electrical machinery, equipment, & supplies
• Sub-Industry: N/A
• Current Symbol: NASDAQ:CBAT
• CUSIP: N/A
• CIK: 1117171
• Web: www.cbak.com.cn
• Phone: 8641139185985
• Fax: 86-411-3918-5980
• Employees: 1,456
• Year Founded: N/A

Profitability

• EPS (Most Recent Fiscal Year): $0.12
• Trailing P/E Ratio: 7.24
• Forward P/E Ratio: 4.57
• P/E Growth: N/A
• Net Income: $-2,450,000.00
• Net Margins: 6.25%
• Pretax Margin: 5.52%
• Return on Equity: 10.55%
• Return on Assets: 4.55%

Debt

• Debt-to-Equity Ratio: N/A
• Current Ratio: 0.85
• Quick Ratio: 0.69

Sales & Book Value

• Annual Sales: $204.44 million
• Price / Sales: 0.38
• Cash Flow: $0.10 per share
• Price / Cash Flow: 9.07
• Book Value: $1.45 per share
• Price / Book: 0.60

Miscellaneous

• Outstanding Shares: 89,940,000
• Free Float: 78,211,000
• Market Cap: $78.11 million
• Optionable: Optionable
• Beta: 1.91