ABAT has 36-month beta value of 1.83. Analysts have mixed views on the stock, with 2 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for ABAT is 56.30M, and currently, short sellers hold a 8.41% ratio of that float. The average trading volume of ABAT on September 24, 2024 was 498.55K shares.
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ABAT) stock’s latest price update
American Battery Technology Company (NASDAQ: ABAT)’s stock price has decreased by -14.40 compared to its previous closing price of 1.04. However, the company has seen a -10.91% decrease in its stock price over the last five trading sessions. prnewswire.com reported 2024-09-23 that Company expanding critical commercial operations of next-generation lithium-ion battery recycling technologies to expand North American closed-loop battery metals supply chain supporting America’s transition to electrification RENO, Nev., Sept. 23, 2024 /PRNewswire/ — American Battery Technology Company (NASDAQ: ABAT), an integrated critical battery materials company that is commercializing its technologies for both primary battery minerals manufacturing and secondary minerals lithium-ion battery recycling, has been selected for a highly competitive grant for $150 million dollars of federal investment by the U.S. Department of Energy to be applied towards the construction of a new lithium-ion battery recycling facility.
ABAT’s Market Performance
American Battery Technology Company (ABAT) has experienced a -10.91% fall in stock performance for the past week, with a -14.40% drop in the past month, and a -12.73% drop in the past quarter. The volatility ratio for the week is 10.13%, and the volatility levels for the past 30 days are at 6.36% for ABAT. The simple moving average for the last 20 days is -15.03% for ABAT stock, with a simple moving average of -54.38% for the last 200 days.
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 -14.73% 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 -93.54% of loss for the given period.
Volatility was left at 6.36%, however, over the last 30 days, the volatility rate increased by 10.13%, as shares sank -16.80% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -21.22% lower at present.
During the last 5 trading sessions, ABAT fell by -10.91%, which changed the moving average for the period of 200-days by -78.18% in comparison to the 20-day moving average, which settled at $1.0387. In addition, American Battery Technology Company saw -81.02% 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 -54.22, with -45.86 for asset returns.
Based on American Battery Technology Company (ABAT), the company’s capital structure generated 0.13 points at debt to capital in total, while cash flow to debt ratio is standing at -1.38. The debt to equity ratio resting at 0.15. The interest coverage ratio of the stock is -12.55.
Currently, EBITDA for the company is -21.3 million with net debt to EBITDA at -0.16. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.61.
Conclusion
To put it simply, American Battery Technology Company (ABAT) has had a bad performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others as 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.
