American Battery Technology Company [NASDAQ: ABAT] stock went on an upward path that rose over 15.96% on Friday, amounting to a one-week price decrease of less than -21.34%.
Over the last 12 months, ABAT stock dropped by -41.61%. The one-year American Battery Technology Company stock forecast points to a potential upside of 58.83. The average equity rating for ABAT stock is currently 1.00, trading closer to a bullish pattern in the stock market.
The market cap for the stock reached $244.23 million, with 85.27 million shares outstanding and 82.24 million shares in the current float. Compared to the average trading volume of 3.90M shares, ABAT stock reached a trading volume of 11231647 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Guru’s Opinion on 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 0.44, with the Price to Sales ratio for ABAT stock in the period of the last 12 months amounting to 444.05. The Price to Book ratio for the last quarter was 3.05, with the Price to Cash per share for the same quarter was set at 0.06.
ABAT Stock Performance Analysis:
American Battery Technology Company [ABAT] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -21.34. With this latest performance, ABAT shares gained by 167.17% in over the last four-week period, additionally plugging by 144.55% over the last 6 months – not to mention a drop of -41.61% 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 63.48, with the RSI for the last a single of trading hit 61.51, and the three-weeks RSI is set at 64.12 for American Battery Technology Company [ABAT]. The present Moving Average for the last 50 days of trading for this stock 1.20, while it was recorded at 2.63 for the last single week of trading, and 1.21 for the last 200 days.
Insight into American Battery Technology Company 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.
American Battery Technology Company [ABAT] Institutonal Ownership Details
There are presently around $7.41%, or 7.86%% of ABAT stock, in the hands of institutional investors.
