China Automotive Systems Inc. [CAAS] Stock Looks Poised to Climb Further

China Automotive Systems Inc. [CAAS] stock is down -4.61 while the S&P 500 has risen 0.18% on Wednesday, 12/02/20. While at the time of this article, CAAS ATR is sitting at 1.17, with the beta value at 1.47. This stock’s volatility for the past week remained at 39.78%, while it was 17.34% for the past 30-day period. CAAS has fallen -$0.4 from the previous closing price of $8.68 on volume of 3.46 million shares.

On 30, November 2020, China Automotive Systems Significantly Increased Sales to the Rising Chinese EV Market in 2020. According to news published on Yahoo Finance, – 120,000 steering units shipped for electric vehicle (“EV”) models so far in 2020; may reach over 140,000 units by year end 2020 -.

Analyst Birdseye View:

The most recent analyst activity for China Automotive Systems Inc. [NASDAQ:CAAS] stock was on August 10, 2011, when it was Downgrade with a Hold rating from Maxim Group. On July 14, 2011, Oppenheimer Resumed an Outperform rating and plunged its price target on this stock from $15 to $12. On March 18, 2011, Oppenheimer Reiterated an Outperform rating and decreased its price target from $24 to $15. On January 31, 2011, Rodman & Renshaw Reiterated a Mkt outperform rating and decreased its price target to $17. On August 10, 2010, Rodman & Renshaw Reiterated a Mkt outperform rating and boosted its amount target on this stock to $23. On May 17, 2010, Oppenheimer Initiated an Outperform rating and boosted its target amount on this stock to $25.

In the past 52 weeks of trading, this stock has oscillated between a low of $1.42 and a peak of $13.69. Right now, the middling Wall Street analyst 12-month amount mark is $4.00. At the most recent market close, shares of China Automotive Systems Inc. [NASDAQ:CAAS] were valued at $8.28. According to the average price forecast, investors can expect a potential return of -25.0%.

FUNDAMENTAL ANALYSIS

China Automotive Systems Inc. [NASDAQ:CAAS] most recently reported quarterly sales of 114.42 billion, which represented growth of 13.80%. This publicly-traded organization’s revenue is $106,815 per employee, while its income is $2,466 per employee. This company’s Gross Margin is currently 12.80%, its Operating Margin is -1.60%, its Pretax Margin is +1.75, and its Net Margin is +2.31. Continuing to look at profitability, this corporation’s Return on Assets, Equity, Whole Principal & invested Principal is sitting at 1.47, 3.46, 0.25 and 3.34 respectively.

The Principal structure of this organization shows its whole liability to whole principal at 31.45 and the whole liability to whole assets at 20.10. It shows enduring liability to the whole principal at 2.94 and enduring liability to assets at 0.02 while looking for an extended time period.

Readers are usually of view to make a close observation to the indicators that support and make resistance before moving to any particular stock. As of now, the company’s stock is sitting at 7.48 points at 1st support level, the second support level is making up to 6.68. But as of 1st resistance point, this stock is sitting at 8.84 and at 9.40 for 2nd resistance point.

China Automotive Systems Inc. [CAAS] reported its earnings at $0.08 per share in the fiscal quarter closing of 9/29/2020. The Analysts for Wall Street were expecting to report its earnings at $0.01/share signifying the difference of 0.07 and 700.00% surprise value. Comparing the previous quarter ending of 6/29/2020, the stated earnings were -$0.13 calling estimates for -$0.04/share with the difference of -0.09 depicting the surprise of -225.00%.

Important Ratio’s To Watch

Meanwhile, turning our focus to liquidity, the Current Ratio for China Automotive Systems Inc. [NASDAQ:CAAS] is 1.40. Likewise, the Quick ratio is also the same, showing Cash ratio at 0.37. Now if looking for a valuation of this stock’s amount to sales ratio it’s 0.23 and it’s amount to book ratio is 0.34.