American Battery Technology Company [NASDAQ: ABAT] traded at a high on Friday, posting a 7.01 gain after which it closed the day’ session at $3.36.
The results of the trading session contributed to over 21389860 shares changing hands. Over the past one week, the price volatility of American Battery Technology Company stands at 40.78% while the volatility over the past one month is 19.73%.
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The market cap for ABAT stock reached $293.00 million, with 81.49 million shares outstanding and 78.60 million shares in the current float. Compared to the average trading volume of 3.07M shares, ABAT reached a trading volume of 21389860 in the most recent trading day, which is why market watchdogs consider the stock to be active.
What do top market gurus say about American Battery Technology Company [ABAT]?
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for ABAT shares is $6.00 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on ABAT stock is a recommendation set at 1.00. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Northland Capital have made an estimate for American Battery Technology Company shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on March 27, 2024.
The Average True Range (ATR) for American Battery Technology Company is set at 0.38, with the Price to Sales ratio for ABAT stock in the period of the last 12 months amounting to 532.74. The Price to Book ratio for the last quarter was 4.15, with the Price to Cash per share for the same quarter was set at 0.07.
How has ABAT stock performed recently?
American Battery Technology Company [ABAT] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 202.70. With this latest performance, ABAT shares gained by 254.92% in over the last four-week period, additionally plugging by 168.80% over the last 6 months – not to mention a drop of -31.78% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for ABAT stock in for the last two-week period is set at 93.37, with the RSI for the last a single of trading hit 96.05, and the three-weeks RSI is set at 90.61 for American Battery Technology Company [ABAT]. The present Moving Average for the last 50 days of trading for this stock 1.09, while it was recorded at 2.40 for the last single week of trading, and 1.21 for the last 200 days.
American Battery Technology Company [ABAT]: Deeper insight into the fundamentals
American Battery Technology Company’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.53 and a Current Ratio set at 1.55.
Insider trade positions for American Battery Technology Company [ABAT]
There are presently around $7.41%, or 7.86%% of ABAT stock, in the hands of institutional investors.
