CBAK Energy Technology Inc (CBAT)

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CBAK Energy Technology Inc stock is currently priced at $0.92, with a 24-hour trading volume of 111.30K. It has seen a -3.17% decreased in the last 24 hours and a -13.21% declined in the past month. The chart indicates a potential bearish trend, as the stock is below the $0.96 pivot point. If it approaches the $0.8901 support level, significant changes may occur.

CBAK Energy Technology Inc Stock (CBAT) Financials Data

CBAK Energy Technology Inc (CBAT) Revenue 2023

CBAT reported a revenue (TTM) of $204.44 million for the quarter ending December 31, 2023, a -17.81% decline year-over-year.

CBAK Energy Technology Inc (CBAT) Net Income 2023

CBAT net income (TTM) was -$2.45 million for the quarter ending December 31, 2023, a +74.08% increase year-over-year.

CBAK Energy Technology Inc (CBAT) Cash Flow 2023

CBAT recorded a free cash flow (TTM) of $15.37 million for the quarter ending December 31, 2023, a +460.47% increase year-over-year.

CBAK Energy Technology Inc (CBAT) Earnings per Share 2023

CBAT earnings per share (TTM) was -$0.04 for the quarter ending December 31, 2023, a +60.40% growth year-over-year.

CBAK Energy Technology Inc Stock (CBAT) Latest News

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Benzinga

CBAK Energy Technology, Inc., through its subsidiaries, develops, manufactures, and sells lithium batteries in the People's Republic of China, Europe, South Korea, and Israel. 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. was founded in 1999 and is based in Dalian, China.