The stock of Abits Group Inc (NASDAQ: ABTS) has increased by 260.94 when compared to last closing price of 2.33.Despite this, the company has seen a gain of 200.36% in its stock price over the last five trading days. globenewswire.com reported 2025-03-19 that Hong Kong, March 19, 2025 (GLOBE NEWSWIRE) — Abits Group Inc (the “Company”) (NASDAQ: ABTS), a bitcoin mining and related services company operating in the United States, announced today that its wholly owned subsidiary, Abit USA, Inc. (“Abit USA”), has secured a $3.0 million loan from an unrelated third party to fund the purchase of new Antminer S19XP machines for its new operational expansions in Memphis, Tennessee. The deployment of these miners is expected to be completed by the end of March or early April 2025, effectively doubling Abit USA’s mining capacity as it expands power capacity from the current 10MW to 22MW. As previously announced, the Memphis hosting facility is expected to come online in the second quarter of 2025. The loan, which carries a simple interest rate of 12% per annum, is secured by Abit USA’s assets located in Duff, Tennessee.
Is It Worth Investing in Abits Group Inc (NASDAQ: ABTS) Right Now?
The 36-month beta value for ABTS is at 3.11.
The public float for ABTS is 1.95M, and currently, shorts hold a 2.00% of that float. The average trading volume for ABTS on May 12, 2025 was 24.50K shares.
ABTS’s Market Performance
ABTS’s stock has seen a 200.36% increase for the week, with a 373.80% rise in the past month and a 24.59% gain in the past quarter. The volatility ratio for the week is 68.58%, and the volatility levels for the past 30 days are at 33.03% for Abits Group Inc The simple moving average for the past 20 days is 208.46% for ABTS’s stock, with a 28.48% simple moving average for the past 200 days.
ABTS Trading at 167.49% from the 50-Day Moving Average
After a stumble in the market that brought ABTS to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -40.34% of loss for the given period.
Volatility was left at 33.03%, however, over the last 30 days, the volatility rate increased by 68.58%, as shares surge +372.47% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +33.17% upper at present.
During the last 5 trading sessions, ABTS rose by +200.36%, which changed the moving average for the period of 200-days by +19.27% in comparison to the 20-day moving average, which settled at $2.73. In addition, Abits Group Inc saw -18.61% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for ABTS
Current profitability levels for the company are sitting at:
- -6.55 for the present operating margin
- 0.47 for the gross margin
The net margin for Abits Group Inc stands at -7.5. The total capital return value is set at -0.97. Equity return is now at value -8.39, with -7.68 for asset returns.
Currently, EBITDA for the company is -7.59 million with net debt to EBITDA at 0.12. When we switch over and look at the enterprise to sales, we see a ratio of 11.33. The receivables turnover for the company is 2.17for trailing twelve months and the total asset turnover is 0.14. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.69.
Conclusion
In conclusion, Abits Group Inc (ABTS) has had a mixed performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
