China Automotive Systems (CAAS) Stock Forecast, Price & News

1 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for China Automotive Systems in the last year. There are currently 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "buy" CAAS shares.
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China Automotive Systems' stock was trading at $5.80 on January 1st, 2023. Since then, CAAS shares have decreased by 18.1% and is now trading at $4.75.
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China Automotive Systems saw a increase in short interest in the month of May. As of May 15th, there was short interest totaling 139,700 shares, an increase of 34.8% from the April 30th total of 103,600 shares. Based on an average daily trading volume, of 129,200 shares, the days-to-cover ratio is currently 1.1 days. Approximately 1.3% of the company's stock are short sold.
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The company is scheduled to release its next quarterly earnings announcement on Friday, August 11th 2023.
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China Automotive Systems, Inc. (NASDAQ:CAAS) announced its quarterly earnings data on Friday, May, 12th. The auto parts company reported $0.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.12 by $0.11. The auto parts company earned $142.24 million during the quarter, compared to the consensus estimate of $142.67 million. China Automotive Systems had a net margin of 5.23% and a trailing twelve-month return on equity of 8.54%.

ETFs with the largest weight of China Automotive Systems (NASDAQ:CAAS) stock in their portfolio include AdvisorShares Dorsey Wright Micro-Cap ETF (DWMC), Invesco Golden Dragon China ETF (PGJ),

China Automotive Systems updated its FY 2023 earnings guidance on Friday, May, 26th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $560.00 million-$560.00 million, compared to the consensus revenue estimate of $566.71 million.

1 employees have rated China Automotive Systems Chief Executive Officer Hanlin Chen on Glassdoor.com. Hanlin Chen has an approval rating of 100% among the company's employees. This puts Hanlin Chen in the top 10% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other China Automotive Systems investors own include Intelsat (I), Fossil Group (FOSL), Ciena (CIEN), Energy Transfer (ET), Pfizer (PFE), AMC Entertainment (AMC), Bank of America (BAC), Cypress Semiconductor (CY), Advanced Micro Devices (AMD) and Apollo Global Management (APO).

China Automotive Systems trades on the NASDAQ under the ticker symbol "CAAS."

China Automotive Systems' stock is owned by a variety of retail and institutional investors. Top institutional investors include Renaissance Technologies LLC (1.58%), Two Sigma Investments LP (0.23%), O Shaughnessy Asset Management LLC (0.22%), Susquehanna International Group LLP (0.00%), Two Sigma Advisers LP (0.10%) and Jane Street Group LLC (0.06%).
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Shares of CAAS stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of CAAS stock can currently be purchased for approximately $4.75.

China Automotive Systems (NASDAQ:CAAS) has a market capitalization of $143.40 million and generates $529.55 million in revenue each year. The auto parts company earns $21.18 million in net income (profit) each year or $0.92 on an earnings per share basis.

The company employs 4,093 workers across the globe.

China Automotive Systems' mailing address is No. 1 Henglong Road Yu Qiao Development Zone, JingZhou F4, 434000. The official website for the company is www.caasauto.com. The auto parts company can be reached via phone at 862787570027, via email at caas@compassbell.com, or via fax at 86-71-6832-9298.