American Bitcoin Corp [NASDAQ: ABTC] jumped around 0.66 points on Tuesday, while shares priced at $7.73 at the close of the session, up 9.26%.
Compared to the average trading volume of 3.50M shares, ABTC reached a trading volume of 6982316 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 Bitcoin Corp [ABTC]?
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for ABTC shares is $80.00 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on ABTC stock is a recommendation set at 3.00. 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.
H.C. Wainwright have made an estimate for American Bitcoin Corp shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on July 30, 2024. While these analysts kept the previous recommendation, Lake Street raised their target price to Buy. The new note on the price target was released on July 23, 2021, representing the official price target for American Bitcoin Corp stock. Previously, the target price had yet another raise to $18, while Alliance Global Partners analysts kept a Buy rating on ABTC stock.
How has ABTC stock performed recently?
American Bitcoin Corp [ABTC] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -16.97. With this latest performance, ABTC shares gained by 21.73% in over the last four-week period, additionally plugging by 615.74% over the last 6 months – not to mention a rise of 285.82% in the past year of trading.
American Bitcoin Corp [ABTC]: Deeper insight into the fundamentals
Operating Margin for any stock indicates how profitable investing would be, and American Bitcoin Corp [ABTC] shares currently have an operating margin of -174.54% and a Gross Margin at -63.01%. American Bitcoin Corp’s Net Margin is presently recorded at -163.19%.
American Bitcoin Corp (ABTC) Capital Structure & Debt Analysis
American Bitcoin Corp (ABTC) Efficiency & Liquidity Metrics
American Bitcoin Corp (ABTC) Efficiency & Liquidity Metrics
From an operational efficiency perspective, American Bitcoin Corp. (ABTC) effectively leverages its workforce, generating an average of -$5693333.33 per employee. The company’s liquidity position is robust, with a Current Ratio of 0.25% and a Quick Ratio of 0.25%, indicating strong ability to cover short-term liabilities.
Insider trade positions for American Bitcoin Corp [ABTC]
There are presently around $0.73%, or 0.73%% of ABTC stock, in the hands of institutional investors.
