CBAK Energy Technology Inc. (NASDAQ:CBAT) has seen its stock price go up past the average of the last two hundred days, which was $1.11. This happened on June 14, 2024. It is a big step for the company’s money matters.
The stock ended at $1.65 on the last day people could buy and sell it. This is more than its last closing price. The stock went up by 5.77%. This shows that people who buy stocks think the company will do well.
The company is now worth about $148.4 million in the market. The stock has been as high as $2.08 and as low as $0.76 in the last year. This shows it can change a lot but also has a chance to make a lot of money.
The company’s P/E ratio is 17.06 right now. This means people are okay with paying more for the company because they think it will earn more money later. The stock’s price stayed almost the same at $1.64 after the market closed.
People are watching how much of CBAK Energy Technology’s stock is bought and sold. On the last day, about 313,925 stocks were traded. On average, about 456,064 stocks are traded every day. These numbers tell us how easy it is to buy or sell the stock and if people are interested in it.
CBAK Energy Technology has not given any money back to its stockholders yet. This might mean they are using their money to grow the company.
The need for batteries that last longer and are good for our planet is growing fast. CBAK Energy Technology knows a lot about this and can use this knowledge to do well in the market.
Investors think the company will keep doing well in the future. Going above the two hundred day average is a good sign for many people who decide where to put their money based on these numbers.
CBAK Energy Technology looks like it has a good future because it keeps making better batteries for many things. The company wants to keep making new things that will change how we use energy.
People who know a lot about the market will watch what CBAK Energy Technology does next. They want to see if it can keep growing. For now, people who buy stocks are interested in this company because it seems like it will keep doing better.