American Battery Technology Company [NASDAQ: ABAT] surged by $0.24 during the normal trading session on while it closed the day at $1.88.
American Battery Technology Company stock has also gained 46.88% of its value over the past 7 days. However, ABAT stock has inclined by 84.31% in the 3 months of the year. Over the past six months meanwhile, it has lost -44.05% and gained 50.40% year-on date.
The market cap for ABAT stock reached $173.95 million, with 92.52 million shares outstanding and 89.25 million shares in the current float. Compared to the average trading volume of 1.74M shares, ABAT reached a trading volume of 4767837 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here’s what leading stock market gurus have to 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 Price to Book ratio for the last quarter was 2.53, with the Price to Cash per share for the same quarter was set at 0.08.
ABAT stock trade performance evaluation
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 46.88. With this latest performance, ABAT shares gained by 36.23% in over the last four-week period, additionally sinking by -44.05% over the last 6 months – not to mention a drop of -23.58% in the past year of trading.
American Battery Technology Company [ABAT]: An insightful look at the core fundamentals
Operating Margin for any stock indicates how profitable investing would be, and American Battery Technology Company [ABAT] shares currently have an operating margin of -2493.75% and a Gross Margin at -709.55%. American Battery Technology Company’s Net Margin is presently recorded at -3230.99%.
Return on Equity for this stock declined to -72.45%, with Return on Assets sitting at -72.45%.
American Battery Technology Company [ABAT]: Institutional Ownership
The top three institutional holders of ABAT stocks are: VANGUARD GROUP INC with ownership of 2.54 million shares, which is approximately 4.8791%. BLACKROCK INC., holding 0.78 million shares of the stock with an approximate value of $$0.97 million in ABAT stocks shares; and BLACKROCK INC., currently with $$0.76 million in ABAT stock with ownership which is approximately 1.1634%.
