Is it Time to Take Your Profits From CBAK Energy Technology Inc. [CBAT] Stock?

In a recent bid CBAK Energy Technology Inc. [CBAT] faced a contemporary bid of $6.91 yielding a -2.95% decline where 6.42 million shares have exchanged hands over the last week. CBAT amount got a fall by -0.14% or -$0.01 versus $6.92 at the end of the prior session. This change led market cap to move at 402.09M, putting the price 1819.44% below the 52-week high and -39.39% above the 52-week low. The company’s stock has a normal trading capacity of 6.42 million shares while the relative volume is 0.44.

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On 27, November 2020, CBAK Energy and Kandi Group Signed Supply Framework Agreement. According to news published on Yahoo Finance, CBAK Energy Technology, Inc. (“CBAK Energy”, NASDAQ: CBAT), a world’s leading lithium-ion battery manufacturer and electric energy solution provider, announced that its wholly owned subsidiary, Dalian CBAK Energy Technology Co., LTD (“Dalian CBAK”, or the “Company”) signed Supply Framework Agreement with Zhejiang Kandi Vehicles Co., Ltd. (“Kandi Vehicles”), a wholly owned subsidiary of Kandi Technology Group (NASDAQ: KNDI) in Hangzhou, Zhejiang province. They will promote the development of pure electric vehicle together. The two parties will play their respective advantage, complement each other with their respective resources. A long-term strategic cooperation partnership would be built for the development, supply and recycling of power batteries.

In the past 52 weeks of trading, this stock has oscillated between a low of $0.36 and a peak of $11.40. Right now, the middling Wall Street analyst 12-month amount mark is $10.00. At the most recent market close, shares of CBAK Energy Technology Inc. [NASDAQ:CBAT] were valued at $6.91.


CBAK Energy Technology Inc. [NASDAQ:CBAT] most recently reported quarterly sales of 10.62 billion, which represented growth of 30.90%. This publicly-traded organization’s revenue is $59,343 per employee, while its income is -$28,790 per employee. This company’s Gross Margin is currently 10.50%, its Operating Margin is -24.20%, its Pretax Margin is -48.90, and its Net Margin is -48.51. Continuing to look at profitability, this corporation’s Return on Assets, Equity, Whole Principal & invested Principal is sitting at -9.65, -154.70, -17.50 and -48.88 respectively.

If looking now at the Principal structure of this organization, it shows its whole liability to the whole Principal at 72.73 and the whole liability to whole assets at 37.97. It shows enduring liability to the whole principal at 19.08 and enduring liability to assets at 0.10 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 6.14 points at 1st support level, the second support level is making up to 5.37. But as of 1st resistance point, this stock is sitting at 7.59 and at 8.27 for 2nd resistance point.

CBAK Energy Technology Inc. [CBAT] reported its earnings at -$0.3 per share in the fiscal quarter closing of 12/30/2010. The Analysts for Wall Street were expecting to report its earnings at -$0.04/share signifying the difference of -0.26 and -650.00% surprise value. Comparing the previous quarter ending of 9/29/2010, the stated earnings were -$0.7 calling estimates for $0.01/share with the difference of -0.71 depicting the surprise of -7,100.00%.

Important Ratio’s To Watch

Meanwhile, turning our focus to liquidity, the Current Ratio for CBAK Energy Technology Inc. [NASDAQ:CBAT] is 0.50. Likewise, the Quick ratio is also the same, showing Cash ratio at 0.12. Now if looking for a valuation of this stock’s amount to sales ratio it’s 2.02 and it’s amount to book ratio is 4.49.

Insider Stories

The most recent insider trade was by Asia EVK New Energy Auto Ltd, 10% Owner, and it was the purchase of 2.15 million shares on Jun 03. Li Yunfei, the CEO, completed a purchase of 2.06 million shares on Jun 03.