The stock price of American Battery Technology Company (NASDAQ: ABAT) has plunged by -1.26 when compared to previous closing price of 0.77, but the company has seen a -20.99% decline in its stock price over the last five trading sessions. 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?
The 36-month beta value for ABAT is also noteworthy at 1.85. 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 71.80M, and at present, short sellers hold a 8.55% of that float. The average trading volume of ABAT on November 22, 2024 was 590.64K shares.
ABAT’s Market Performance
The stock of American Battery Technology Company (ABAT) has seen a -20.99% decrease in the past week, with a -23.82% drop in the past month, and a -28.97% fall in the past quarter. The volatility ratio for the week is 11.54%, and the volatility levels for the past 30 days are at 5.47% for ABAT. The simple moving average for the past 20 days is -19.20% for ABAT’s stock, with a -42.30% 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 -21.92% 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 -88.22% of loss for the given period.
Volatility was left at 5.47%, however, over the last 30 days, the volatility rate increased by 11.54%, as shares sank -24.75% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -26.21% lower at present.
During the last 5 trading sessions, ABAT fell by -20.99%, which changed the moving average for the period of 200-days by -69.35% in comparison to the 20-day moving average, which settled at $0.9406. In addition, American Battery Technology Company saw -83.80% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at ABAT starting from JOLCOVER SCOTT, who sale 23,125 shares at the price of $0.80 back on Nov 19 ’24. After this action, JOLCOVER SCOTT now owns 219,001 shares of American Battery Technology Company, valued at $18,500 using the latest closing price.
Stock Fundamentals for ABAT
Current profitability levels for the company are sitting at:
- -53.02 for the present operating margin
- -3.91 for the gross margin
The net margin for American Battery Technology Company stands at -99.77. The total capital return value is set at -0.45. Equity return is now at value -91.81, with -68.98 for asset returns.
Based on American Battery Technology Company (ABAT), the company’s capital structure generated 0.04 points at debt to capital in total, while cash flow to debt ratio is standing at -6.85. The debt to equity ratio resting at 0.04. The interest coverage ratio of the stock is -8.53.
Currently, EBITDA for the company is -50.56 million with net debt to EBITDA at 0.06. When we switch over and look at the enterprise to sales, we see a ratio of 97.99. The receivables turnover for the company is 1.35for trailing twelve months and the total asset turnover is 0.01. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.55.
Conclusion
In summary, American Battery Technology Company (ABAT) has had a bad performance as of late. Analysts have bullish opinions on the stock, with some viewing 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.
