The stock price of American Battery Technology Company (NASDAQ: ABAT) has dropped by -10.05 compared to previous close of 0.96. Despite this, the company has seen a fall of -12.91% in its stock price over the last five trading days. globenewswire.com reported 2024-11-15 that Announces agreement to enter into additional zero coupon convertible note to unlock capital to advance core business projects Announces agreement to enter into additional zero coupon convertible note to unlock capital to advance core business projects
Is It Worth Investing in American Battery Technology Company (NASDAQ: ABAT) Right Now?
Additionally, the 36-month beta value for ABAT is 1.87. There are mixed opinions on the stock, with 2 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 rating it as “hold,” and 0 rating it as “sell.”
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The public float for ABAT is 69.42M and currently, short sellers hold a 8.84% ratio of that float. The average trading volume of ABAT on November 15, 2024 was 542.88K shares.
ABAT’s Market Performance
ABAT’s stock has seen a -12.91% decrease for the week, with a -16.00% drop in the past month and a -18.38% fall in the past quarter. The volatility ratio for the week is 5.03%, and the volatility levels for the past 30 days are at 3.79% for American Battery Technology Company. The simple moving average for the past 20 days is -12.28% for ABAT’s stock, with a -36.08% simple moving average for the past 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 -12.95% 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 -86.59% of loss for the given period.
Volatility was left at 3.79%, however, over the last 30 days, the volatility rate increased by 5.03%, as shares sank -13.31% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -16.81% lower at present.
During the last 5 trading sessions, ABAT fell by -12.91%, which changed the moving average for the period of 200-days by -65.94% in comparison to the 20-day moving average, which settled at $0.9863. In addition, American Battery Technology Company saw -81.55% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for ABAT
Current profitability levels for the company are sitting at:
- -104.83 for the present operating margin
- 0.43 for the gross margin
The net margin for American Battery Technology Company stands at -145.43. The total capital return value is set at -0.58. Equity return is now at value -81.44, with -65.59 for asset returns.
Based on American Battery Technology Company (ABAT), the company’s capital structure generated 0.09 points at debt to capital in total, while cash flow to debt ratio is standing at -2.6. The debt to equity ratio resting at 0.1. The interest coverage ratio of the stock is -15.33.
Currently, EBITDA for the company is -50.56 million with net debt to EBITDA at 0.01. When we switch over and look at the enterprise to sales, we see a ratio of 179.45. The receivables turnover for the company is 0.33for trailing twelve months and the total asset turnover is 0.0. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.17.
Conclusion
In conclusion, American Battery Technology Company (ABAT) has seen bad performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others rating it 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.
