CBAT Stock Summary and Trading Ideas (Cbak Energy Technology | NASDAQ:CBAT)

CBAK Energy Technology Inc is engaged in the manufacture, commercialization, and distribution of a variety of standard and customized lithium and sodium high-power rechargeable batteries. The batteries are used in light electric vehicles, electric vehicles, energy storage devices, and other high-power applications. The company has two operating segments: CBAK, which derives maximum revenue, and includes the manufacturing, commercialization, and distribution of various standard and customized lithium-ion rechargeable batteries; and the Hitrans segment, which includes the development and manufacturing of NCM precursor and cathode materials. Geographically, the company derives its key revenue from Mainland China, followed by Europe and other regions.

Cbak Energy Technology trades on the NASDAQ stock market under the symbol CBAT.

As of April 9, 2025, CBAT stock price declined to $0.64 with 621,627 million shares trading.

CBAT has a beta of 1.00, meaning it tends to be more sensitive to market movements. CBAT has a correlation of 0.06 to the broad based SPY ETF.

CBAT has a market cap of $57.56 million. This is considered a Micro Cap stock.

Last quarter Cbak Energy Technology reported $25 million in Revenue and -$.05 earnings per share. This fell short of revenue expectation by $-25 million and missed earnings estimates by -$.06.

In the last 3 years, CBAT traded as high as $2.08 and as low as $.57.

The top ETF exchange traded funds that CBAT belongs to (by Net Assets): BSVO, SPEM, GXC, EWX.

CBAT has underperformed the market in the last year with a price return of -23.7% while the SPY ETF gained +7.1%. CBAT has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -34.0% and -26.5%, respectively, while the SPY returned -6.6% and -4.7%, respectively.

CBAT support price is $.67 and resistance is $.75 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that CBAT shares will trade within this expected range on the day.