American Battery Technology Company [NASDAQ: ABAT] stock went on an upward path that rose over 0.56% on Thursday, amounting to a one-week price decrease of less than -10.95%.
Over the last 12 months, ABAT stock rose by 45.53%. The one-year American Battery Technology Company stock forecast points to a potential upside of 48.86. 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 $465.29 million, with 129.97 million shares outstanding and 125.16 million shares in the current float. Compared to the average trading volume of 12.95M shares, ABAT stock reached a trading volume of 4172960 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 $7.00 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 4.49, with the Price to Cash per share for the same quarter was set at 0.24.
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 -10.95. With this latest performance, ABAT shares dropped by -30.35% in over the last four-week period, additionally plugging by 167.16% over the last 6 months – not to mention a rise of 45.53% 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 43.23, with the RSI for the last a single of trading hit 0.47, and the three-weeks RSI is set at 0.62 for American Battery Technology Company [ABAT]. The present Moving Average for the last 50 days of trading for this stock 4.96, while it was recorded at 3.51 for the last single week of trading, and 2.46 for the last 200 days.
Insight into American Battery Technology Company 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 -870.88% and a Gross Margin at -267.58%. American Battery Technology Company’s Net Margin is presently recorded at -902.69%.
American Battery Technology Company (ABAT) Capital Structure & Debt Analysis
According to recent financial data for American Battery Technology Company. ( ABAT), the Return on Equity (ROE) stands at -58.41%, highlighting a negative impact on investor capital. The Return on Assets (ROA) is -51.76%, reflecting the company’s efficiency in generating profits from its assets. Additionally, American Battery Technology Company’s Return on Invested Capital (ROIC) is -47.18%, showcasing its effectiveness in deploying capital for earnings.
American Battery Technology Company (ABAT) Efficiency & Liquidity Metrics
Based on American Battery Technology Company’s (ABAT) latest financial statements, the Debt-to-Equity Ratio is 0.00%, indicating its reliance on debt financing relative to shareholder equity.
American Battery Technology Company (ABAT) Efficiency & Liquidity Metrics
From an operational efficiency perspective, American Battery Technology Company. (ABAT) effectively leverages its workforce, generating an average of -$278343.56 per employee. The company’s liquidity position is robust, with a Current Ratio of 7.81% and a Quick Ratio of 7.79%, indicating strong ability to cover short-term liabilities.
American Battery Technology Company [ABAT] Institutonal Ownership Details
There are presently around $19.45%, or 20.29%% of ABAT stock, in the hands of institutional investors. 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%.
