The consensus among analysts is that CBAK Energy Technology, Inc. (CBAT) is a Hold stock at the moment, with a recommendation rating of 0. None of the analysts rate the stock as a Sell, while none rate it as Overweight. 1 out of 1 have rated it as a Hold, with no one of them advising it as a Buy. None have rated the stock as Underweight. The expected earnings per share for the stock is $0.
CBAK Energy Technology, Inc. (NASDAQ:CBAT) trade information
Sporting 8.33% in the green today, the stock has traded in the green over the last five days, with the highest price hit on Monday, Jun 29 when the CBAT stock price touched $0.94 or saw a rise of 15.86%. Year-to-date, CBAK Energy Technology, Inc. shares have moved -31.23%, while the 5-day performance has seen it change 14.61%. Over the past 30 days, the shares of CBAK Energy Technology, Inc. (NASDAQ:CBAT) have changed 64.77%. Short interest in the company has seen 18.28 Million shares shorted with days to cover at 0.14.
CBAK Energy Technology, Inc. (CBAT) estimates and forecasts
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was -17.6% over the past 5 years. Earnings growth for 2020 is a modest -278.2% while over the next 5 years, the company’s earnings are expected to increase by 30%.
CBAK Energy Technology, Inc. (NASDAQ:CBAT)’s Major holders
Insiders own 43.78% of the company shares, while shares held by institutions stand at 0.81% with a share float percentage of 1.43%. Investors are also buoyed by the number of investors in a company, with CBAK Energy Technology, Inc. having a total of 6 institutions that hold shares in the company. The top two institutional holders are Renaissance Technologies, LLC with over 91.25 Thousand shares worth more than $37.41 Thousand. As of March 30, 2020, Renaissance Technologies, LLC held 0.17% of shares outstanding.
The other major institutional holder is Citadel Advisors LLC, with the holding of over 86.3 Thousand shares as of March 30, 2020. The firm’s total holdings are worth over $35.38 Thousand and represent 0.16% of shares outstanding.