CBAK Energy Technology Inc, also known as CBAT, failed to meet earnings expectations for Q4 2023 on 3/15/2024. Revenues were reported at $0.00, but it’s important to note that these numbers were adjusted and may not be directly comparable to estimates or prior periods. Despite this setback, the company’s profit margins remained consistent.
In the days leading up to the report, trading activities earned Cbak Energy Technology Inc a Bullish Sentiment Rank from InvestorsObserver. Over the past few months, the company had performed slightly better than average. Prior to the report, CBAK Energy Technology Inc had a Long-Term Technical Rank of 71, placing it in the top half of stocks.
CBAK Energy Technology Inc recently hit a 52-week high of $1.45 on January 10, 2024 and a low of $0.74 on May 3, 2023. The company specializes in the manufacture, commercialization and distribution of lithium-ion high power rechargeable batteries which are used in electric vehicles, light electric vehicles, electric tools and energy storage among others high power applications.
The company produces five types of Li-ion rechargeable batteries including aluminum-case cells battery packs cylindrical cells lithium polymer cells and high-power lithium battery cells with most of its revenue coming from Mainland China but it also operates in Europe United States Korea and other countries
