Is CBAT a good stock to Buy now?
CBAK Energy Technology Inc (NASDAQ:CBAT) The 1 analysts offering 12-month price forecasts for CBAK Energy Technology Inc have a median target of 10.00, with a high estimate of 10.00 and a low estimate of 10.00. The median estimate represents a +754.70% increase from the last price of 1.17.
Should I Buy CBAK Energy Technology Inc?
CBAK Energy Technology Inc. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
What does Cbak energy technology do?
CBAK Energy Technology, Inc., formerly China BAK Battery, Inc., is a holding company. The Company and its subsidiaries are engaged in the manufacture, commercialization and distribution of a range of standard and customized lithium ion (Li-ion) rechargeable batteries for use in an array of applications.
Where is Cbak located?
Where is CBAK Energy Technology 's headquarters? CBAK Energy Technology is located in Shenzhen, Guangdong, China .
How has CBAK Energy Technology's stock performed in 2022?
CBAK Energy Technology's stock was trading at $1.56 on January 1st, 2022. Since then, CBAT shares have decreased by 20.5% and is now trading at $1....
When is CBAK Energy Technology's next earnings date?
CBAK Energy Technology is scheduled to release its next quarterly earnings announcement on Monday, August 15th 2022. View our earnings forecast fo...
How were CBAK Energy Technology's earnings last quarter?
CBAK Energy Technology, Inc. (NASDAQ:CBAT) announced its earnings results on Thursday, May, 19th. The electronics maker reported ($0.01) earnings p...
Who are CBAK Energy Technology's key executives?
CBAK Energy Technology's management team includes the following people: Mr. Yunfei Li , Chairman, Pres & CEO (Age 54, Pay $120.11k) Ms. Xiangyu...
Who are some of CBAK Energy Technology's key competitors?
Some companies that are related to CBAK Energy Technology include Byrna Technologies (BYRN) , Byrna Technologies (BYRN) , Sono-Tek (SOTK) , Eos...
What other stocks do shareholders of CBAK Energy Technology own?
Based on aggregate information from My MarketBeat watchlists, some companies that other CBAK Energy Technology investors own include Gevo (GEVO) ,...
What is CBAK Energy Technology's stock symbol?
CBAK Energy Technology trades on the NASDAQ under the ticker symbol "CBAT."
Who are CBAK Energy Technology's major shareholders?
CBAK Energy Technology's stock is owned by a number of retail and institutional investors. Top institutional investors include State Street Corp (1...
Which institutional investors are selling CBAK Energy Technology stock?
CBAT stock was sold by a variety of institutional investors in the last quarter, including Virtu Financial LLC, Simplex Trading LLC, Harel Insuranc...
Component Grades
We have 9 different ratings for every stock to help you appreciate its future potential. You can unlock it all now.
CBAT Broker Recommendations Summary
The bullet points below may help you gain a better understanding of what the metrics in the price target and recommendations tables above mean for CBAT as an investment opportunity.
When will CBAK release its earnings?
CBAK Energy Technology is scheduled to release its next quarterly earnings announcement on Friday, August 13th 2021. View our earnings forecast for CBAK Energy Technology.
What is the P/E ratio of CBAK?
The P/E ratio of CBAK Energy Technology is 3.50, 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 77.28.
What is MarketBeat community ratings?
MarketBeat's community ratings are surveys of what our community members think about CBAK Energy Technology and other stocks. Vote “Outperform” if you believe CBAT will outperform the S&P 500 over the long term. Vote “Underperform” if you believe CBAT will underperform the S&P 500 over the long term. You may vote once every thirty days.
Does CBAK Energy Technology pay dividends?
CBAK Energy Technology does not currently pay a dividend.
CBAT Stock Trend
The stock lies the upper part of a very wide and falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected.
Golden Star Signal
This unique signal uses moving averages and adds special requirements that convert the very good Golden Cross into a Golden Star. This signal is rare and, in most cases, gives substantial returns. From 10 000+ stocks usually only a few will trigger a Golden Star Signal per day!
When will CBAK report its financial results?
(NASDAQ: CBAT) ("CBAK Energy," or the "Company") a leading lithium-ion battery manufacturer and electric energy solution provider, today announced its financial results for the year ended December 31, 2020. The Company intends to file its annual report containing its audited consolidated financial statements for the fiscal year ended December 31, 2020, on Form 10-K with the Securities and Exchange Commission (the "SEC") on or about April 12, 2021. When available, the annual report can be accessed on the Company's investor relations website at https://ir.cbak.com.cn and on the SEC's website at http://www.sec.gov.
Who makes CBAK batteries?
(NASDAQ: CBAT) ("CBAK Energy", or the "Company"), a leading lithium-ion battery manufacturer and electric energy solution provider, today announced that its wholly-owned subsidiary Dalian CBAK Power Battery Co . ("CBAK Power") has obtained performance certification from the world's leading testing, inspection and certification company SGS for its special 26650 lithium-ion battery (the "Special 26650 Battery), specifically designed for the ultra-low temperature applica
What is a CBAK battery?
CBAK Energy Technology, Inc. (NASDAQ: CBAT) ("CBAK Energy," or the "Company"), a leading lithium-ion battery manufacturer and electric energy solution provider, today announced that it has signed a memorandum of cooperation (the "Cooperation") with a leading European hydrogen energy group with 100 years of operation history ...
What is a CBAK?
CBAK Energy Technology, Inc. ("CBAK Energy," or the "Company," NASDAQ: CBAT), a leading lithium-ion battery manufacturer and electric energy solution provider, today announced that it closed a registered direct placement of approximately $70 million of its common stock, priced at the market under applicable Nasdaq rules with a price of $7.83 per share, and the concurrent private placement on February 10, 2021, as previously announced on February 8, 2021. The Company issued a total of 8,939,976 shares of common stock to certain institutional investors. The Company also issued Series A-1 Warrants to the investors to purchase a total of 4,469,988 shares of common stock and Series A-2 Warrants to purchase up to 2,234,992 shares of common stock, both of which were issued at an exercise price of $7.67 per share. Series A-1 Warrants and Series A-2 Warrants are exercisable for 42 months and 45 months, respectively, from the issue date. In addition, the Company issued Series B Warrants to the same investors to purchase a total of 4,469,988 shares of common stock at an exercise price of $7.83 per share, which are exercisable for 90 days from the issue date.
Where is CBAK battery made?
(NASDAQ: CBAT) ("CBAK Energy," or the "Company") a leading lithium-ion battery manufacturer and electric energy solution provider in China, today reported its unaudited financial results for the third quarter ended September 30, 2021.
Is CBAK Energy Technology, Inc. (NASDAQ:CBAT) Popular Amongst Insiders?
The big shareholder groups in CBAK Energy Technology, Inc. ( NASDAQ:CBAT ) have power over the company. Large companies...
Signals & Forecast
A buy signal was issued from a pivot bottom point on Friday, January 21, 2022, and so far it has risen 16.82%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss
CBAK Energy Technology Inc. finds support from accumulated volume at $1.20 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
Is CBAK Energy Technology Inc. stock A Buy?
CBAK Energy Technology Inc. holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Insiders are positive buying more shares than they are selling in CBAK Energy Technology Inc
In the last 100 trades there were 21.32 million shares bought and 7.15 million shares sold. The last trade was done 627 days ago by Li Yunfei who bough 2.06 million shares. The large amount of stocks bought compared to stocks sold indicate that the insiders believe there is a potential good upside.
Golden Star Signal
This unique signal uses moving averages and adds special requirements that convert the very good Golden Cross into a Golden Star. This signal is rare and, in most cases, gives substantial returns. From 10 000+ stocks usually only a few will trigger a Golden Star Signal per day!
Top Fintech Company
featured in The Global Fintech Index 2020 as the top Fintech company of the country.
How does MarketBeat calculate stock ratings?
MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
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