CBAK Energy Technology, Inc. (NASDAQ:CBAK) is getting prepared to post earnings results on 9/18/2017 4:30:00 PM. For the last period, the company reported quarter over quarter EPS growth of -66.50% and quarter over quarter sales growth of 96.90%.
Heading into the earnings release, covering sell-side analysts have a consensus target price of $2.00 on CBAK Energy Technology, Inc. shares. After a recent check, company stock has been trading near the $1.65 mark.
Sell-side analysts have also provided a consensus recommendation of 3.00 on company shares. Investors will be eagerly watching to see if the firm beats or misses on the earnings front.
Depending on the earnings numbers reported, CBAK Energy Technology, Inc. (NASDAQ:CBAK) stock may see increased volatility following the report. In terms of recent volatility, the average for the month is 7.34% and 13.91% for the past week. The relative volume (ratio between current volume and 3-month average) is presently sitting at 5.21.
Since the start of the New Year, CBAK Energy Technology, Inc. (NASDAQ:CBAK) shares have seen a move of 17.26%. Looking back over the last month, shares have performed 17.86%. For the past 5 days of trading, the stock has seen a move of 22.22%.
Let’s also take a brief look at the stock price in relation to some highs/lows and moving averages. CBAK Energy Technology, Inc. (NASDAQ:CBAK) shares have been recently spotted -28.26% away from the 52-week high, and 37.50% away from the 52-week low mark.
After a recent look, shares have been seen 17.56% from the 200-day moving average, and 16.97% from the 50-day moving average. The stock’s current RSI reading is at 72.42.
As the earnings date approaches, we can see that insider ownership is currently 15.00% shares, and institutional ownership is at 0.90% for CBAK Energy Technology, Inc. (NASDAQ:CBAK) stock. Over the past few months, insider ownership has seen a move of 24.52% while institutional ownership has changed 54.36%.