Zacks Research Issues Pessimistic Forecast for CBAT Earnings

China BAK Battery, Inc. (NASDAQ:CBAT) – Investment analysts at Zacks Research cut their FY2026 EPS estimates for China BAK Battery in a report issued on Tuesday, August 11th. Zacks Research analyst B. Lantier now anticipates that the electronics maker will earn ($0.12) per share for the year, down from their previous estimate of ($0.11). The consensus estimate for China BAK Battery’s current full-year earnings is ($0.12) per share.

China BAK Battery (NASDAQ:CBAT) last issued its quarterly earnings data on Monday, May 18th. The electronics maker reported ($0.10) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.05). The business had revenue of $69.62 million during the quarter, compared to analysts’ expectations of $70.23 million. China BAK Battery had a negative return on equity of 15.32% and a negative net margin of 7.43%.

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of China BAK Battery in a report on Friday, July 17th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, China BAK Battery currently has an average rating of “Sell”.

China BAK Battery Price Performance

China BAK Battery stock opened at $0.70 on Monday. China BAK Battery has a 52 week low of $0.46 and a 52 week high of $1.24. The business has a 50-day simple moving average of $0.60 and a 200 day simple moving average of $0.77. The company has a quick ratio of 0.44, a current ratio of 0.65 and a debt-to-equity ratio of 0.08. The stock has a market cap of $61.97 million, a price-to-earnings ratio of -3.88 and a beta of 1.35.

Hedge Funds Weigh In On China BAK Battery

A hedge fund recently raised its stake in China BAK Battery stock. Empowered Funds LLC lifted its stake in shares of China BAK Battery, Inc. (NASDAQ:CBAT) by 8.7% in the first quarter, according to its most recent filing with the SEC. The fund owned 355,536 shares of the electronics maker’s stock after acquiring an additional 28,411 shares during the period. Empowered Funds LLC owned approximately 0.40% of China BAK Battery worth $283,000 as of its most recent SEC filing. 1.97% of the stock is currently owned by institutional investors and hedge funds.

China BAK Battery Company Profile

China BAK Battery Inc (NASDAQ: CBAT) is a China-based developer and manufacturer of rechargeable lithium-ion batteries and related power solutions. The company’s core product lines include small, medium and large format batteries, battery modules and pack assemblies designed for consumer electronics, electric vehicles, energy storage systems and other industrial applications. China BAK Battery offers polymer lithium-ion cells, prismatic and cylindrical cells, as well as integrated battery systems tailored to meet the performance requirements of its clients.

Founded in 2001 and headquartered in Shenzhen, China BAK Battery has expanded its manufacturing footprint and research and development capabilities over the years to serve customers across Asia, Europe and North America.