CBAT Stock Overview
CBAK Energy Technology, Inc., together with its subsidiaries, develops, manufactures, and sells lithium batteries in Mainland China, the United States, Korea, Europe, and internationally.
CBAK Energy Technology, Inc. Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||US$1.54|
|52 Week High||US$3.57|
|52 Week Low||US$0.92|
|1 Month Change||35.09%|
|3 Month Change||46.67%|
|1 Year Change||-50.80%|
|3 Year Change||59.42%|
|5 Year Change||8.07%|
|Change since IPO||-92.75%|
Recent News & Updates
CBAK Energy Technology GAAP EPS of $0.00, revenue of $56.35M
CBAK Energy Technology press release (NASDAQ:CBAT): Q2 GAAP EPS of $0.00. Revenue of $56.35M (+856.7% Y/Y). CEO comment: "Despite that the inflation of materials price resulted from capacity shortage has increased our costs, we still managed to sustain a highly rapid growth in revenues, of which revenues from our battery business grew by over 3 times. Our management team is highly confident about the company's future and its potential for quicker growth."
CBAK Talks Up Acquisition Of Troubled Supplier, But Investors Unimpressed
CBAK says a troubled battery materials supplier it acquired late last year generated about four times its own revenue in the first nine months of 2021. Filings show financials for the acquired company remain shaky, with its operations producing large cash deficits. The market for electric vehicle batteries in China is booming as Beijing throws its weight behind environmentally friendly cars.
|CBAT||US Electrical||US Market|
Return vs Industry: CBAT underperformed the US Electrical industry which returned -13.8% over the past year.
Return vs Market: CBAT underperformed the US Market which returned -10.2% over the past year.
|CBAT Average Weekly Movement||11.0%|
|Electrical Industry Average Movement||11.5%|
|Market Average Movement||7.7%|
|10% most volatile stocks in US Market||16.9%|
|10% least volatile stocks in US Market||3.2%|
Stable Share Price: CBAT is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 11% a week.
Volatility Over Time: CBAT's weekly volatility (11%) has been stable over the past year.
About the Company
CBAK Energy Technology, Inc., together with its subsidiaries, develops, manufactures, and sells lithium batteries in Mainland China, the United States, Korea, Europe, and internationally. Its products are used in various applications, including electric vehicles, such as electric cars, electric buses, and hybrid electric cars and buses; light electric vehicles that include electric bicycles, electric motors, and sight-seeing cars; and electric tools, energy storage, uninterruptible power supply, and other high power applications, as well as cordless power tools. 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. Fundamentals Summary
|CBAT fundamental statistics|
Is CBAT overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|CBAT income statement (TTM)|
|Cost of Revenue||US$0|
Last Reported Earnings
Jun 30, 2022
Next Earnings Date
Aug 15, 2022
|Earnings per share (EPS)||0.36|
|Net Profit Margin||26.18%|
How did CBAT perform over the long term?See historical performance and comparison