American Battery Technology Company (ABAT) Stock: Tracking the Weekly Performance

The stock of American Battery Technology Company (ABAT) has seen a 6.16% increase in the past week, with a -27.31% drop in the past month, and a -58.91% decrease in the past quarter. The volatility ratio for the week is 9.31%, and the volatility levels for the past 30 days are at 10.28% for ABAT. The simple moving average for the last 20 days is -6.64% for ABAT’s stock, with a simple moving average of -70.38% for the last 200 days.

Is It Worth Investing in American Battery Technology Company (NASDAQ: ABAT) Right Now?

The 36-month beta value for ABAT is at 1.78. Analysts have varying views on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 as “hold,” and 0 as “sell.”

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The public float for ABAT is 50.24M, and currently, shorts hold a 8.56% of that float. The average trading volume for ABAT on April 03, 2024 was 736.86K shares.

ABAT) stock’s latest price update

American Battery Technology Company (NASDAQ: ABAT)’s stock price has soared by 10.37 in relation to previous closing price of 1.64. Nevertheless, the company has seen a gain of 6.16% in its stock price over the last five trading days. Market Watch reported 2023-12-21 that Electric vehicle makers and a meme stock darling featured prominently amongst the most viewed tickers on Stocktwits, a social platform for investors and traders, in 2023.

Analysts’ Opinion of ABAT

Many brokerage firms have already submitted their reports for ABAT stocks, with Northland Capital repeating the rating for ABAT by listing it as a “Outperform.” The predicted price for ABAT in the upcoming period, according to Northland Capital is $6 based on the research report published on March 27, 2024 of the current year 2024.

ABAT Trading at -18.76% from the 50-Day Moving Average

After a stumble in the market that brought ABAT to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -87.16% of loss for the given period.

Volatility was left at 10.28%, however, over the last 30 days, the volatility rate increased by 9.31%, as shares sank -5.31% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -31.23% lower at present.

During the last 5 trading sessions, ABAT rose by +14.96%, which changed the moving average for the period of 200-days by -83.87% in comparison to the 20-day moving average, which settled at $1.9332. In addition, American Battery Technology Company saw -61.41% in overturn over a single year, with a tendency to cut further losses.

Stock Fundamentals for ABAT

The total capital return value is set at -0.43. Equity return is now at value -51.67, with -42.62 for asset returns.

Based on American Battery Technology Company (ABAT), the company’s capital structure generated 0.24 points at debt to capital in total, while cash flow to debt ratio is standing at -0.74. The debt to equity ratio resting at 0.32. The interest coverage ratio of the stock is -98.83.

Currently, EBITDA for the company is -21.3 million with net debt to EBITDA at -0.53. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.52.

Conclusion

In conclusion, American Battery Technology Company (ABAT) has had a bad performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.

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