American Battery Technology (ABAT) Stock Price, News & Analysis

Company Overview

American Battery Technology Company operates as a battery materials company. The company explores for resources of battery metals, such as such as lithium, nickel, cobalt, and manganese; and develops and commercializes technologies for the extraction of battery metals, as well as commercializes integrated process for the recycling of lithium-ion batteries. The company was formerly known as American Battery Metals Corporation. American Battery Technology Company was incorporated in 2011 and is headquartered in Reno, Nevada.

Key Stats

• Today's Range: $0.78 to $0.93
• 50-Day Range: $0.81 to $1.07
• 52-Week Range: $0.75 to $6.45
• Volume: 1.74 million shs
• Average Volume: 353,358 shs
• Market Capitalization: $62.31 million
• P/E Ratio: N/A
• Dividend Yield: N/A
• Price Target: $6.00
• Consensus Rating: Buy

American Battery Technology Stock Analysis - MarketRank™

American Battery Technology scored higher than 33% of companies evaluated by MarketBeat, and ranked 534th out of 659 stocks in the computer and technology sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 3.5 / 5
• Analyst Rating: Buy

Consensus Rating

American Battery Technology has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 1 buy rating, no hold ratings, and no sell ratings.

Amount of Analyst Coverage

American Battery Technology has received no research coverage in the past 90 days.

Earnings and Valuation

• Score: 0.6 / 5
• Proj. Earnings Growth: N/A

Price to Earnings Ratio vs. the Market

The P/E ratio of American Battery Technology is -0.87, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Earnings Ratio vs. Sector

The P/E ratio of American Battery Technology is -0.87, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Book Value per Share Ratio

American Battery Technology has a P/B Ratio of 0.81. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Short Interest

• Score: 1.0 / 5
• Short Interest Level: Bearish

Percentage of Shares Shorted

8.84% of the float of American Battery Technology has been sold short.

Short Interest Ratio / Days to Cover

American Battery Technology has a short interest ratio ("days to cover") of 11.4, which indicates bearish sentiment.

Change versus previous month

Short interest in American Battery Technology has recently decreased by 3.15%, indicating that investor sentiment is improving.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

American Battery Technology does not currently pay a dividend.

Dividend Growth

American Battery Technology does not have a long track record of dividend growth.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

8.84% of the float of American Battery Technology has been sold short.

Short Interest Ratio / Days to Cover

American Battery Technology has a short interest ratio ("days to cover") of 11.4, which indicates bearish sentiment.

Change versus previous month

Short interest in American Battery Technology has recently decreased by 3.15%, indicating that investor sentiment is improving.

News and Social Media

• Score: 2.4 / 5
• News Sentiment: 0.30

News Sentiment

American Battery Technology has a news sentiment score of 0.30. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.60 average news sentiment score of Computer and Technology companies.

News Coverage This Week

MarketBeat has tracked 7 news articles for American Battery Technology this week, compared to 1 article on an average week.

MarketBeat Follows

7 people have added American Battery Technology to their MarketBeat watchlist in the last 30 days. This is an increase of 133% compared to the previous 30 days.

Company Ownership

• Score: 0.0 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, American Battery Technology insiders have not sold or bought any company stock.

Percentage Held by Insiders

Only 5.24% of the stock of American Battery Technology is held by insiders.

Percentage Held by Institutions

Only 9.88% of the stock of American Battery Technology is held by institutions.

ABAT Stock Analysis - Frequently Asked Questions

How have ABAT shares performed this year?

American Battery Technology's stock was trading at $4.69 on January 1st, 2024. Since then, ABAT stock has decreased by 81.9% and is now trading at $0.85.
View the best growth stocks for 2024 here.

How were American Battery Technology's earnings last quarter?

American Battery Technology (NASDAQ:ABAT) posted its earnings results on Monday, September, 23rd. The company reported ($0.24) EPS for the quarter, missing the consensus estimate of ($0.13) by $0.11. The business had revenue of $0.34 million for the quarter, compared to analysts' expectations of $5 million.

Who are American Battery Technology's major shareholders?

American Battery Technology's top institutional investors include Geode Capital Management LLC (0.88%), State Street Corp (0.28%) and Dopkins Wealth Management LLC (0.07%).

How do I buy shares of American Battery Technology?

Shares of ABAT stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of American Battery Technology own?

Based on aggregate information from My MarketBeat watchlists, some other companies that American Battery Technology investors own include FuelCell Energy (FCEL), Mullen Automotive (MULN), Opendoor Technologies (OPEN), Ginkgo Bioworks (DNA), American Battery Technology (ABML), Northern Dynasty Minerals (NAK) and Palantir Technologies (PLTR).

Company Calendar

• Last Earnings: 9/23/2024
• Today: 11/17/2024
• Fiscal Year End: 6/30/2025

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Computer and Technology
• Industry: Mining & quarrying of nonmetallic minerals, except fuels
• Sub-Industry: Non-Metallic And Industrial Metal Mining
• Current Symbol: NASDAQ:ABAT
• CUSIP: N/A
• CIK: 1576873
• Web: americanbatterytechnology.com
• Phone: 775-473-4744
• Fax: N/A
• Employees: 54
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $6.00
• High Stock Price Target: $6.00
• Low Stock Price Target: $6.00
• Potential Upside/Downside: +605.9%
• Consensus Rating: Buy
• Rating Score (0-4): 3.00
• Research Coverage: 1 Analysts

Profitability

• EPS (Most Recent Fiscal Year): ($0.97)
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: N/A
• P/E Growth: N/A
• Net Income: $-52,500,000.00
• Net Margins: N/A
• Pretax Margin: -15,262.21%
• Return on Equity: -61.72%
• Return on Assets: -46.74%

Debt

• Debt-to-Equity Ratio: N/A
• Current Ratio: 1.17
• Quick Ratio: 1.16

Sales & Book Value

• Annual Sales: $340,000.00
• Price / Sales: 183.28
• Cash Flow: N/A
• Price / Cash Flow: N/A
• Book Value: $1.05 per share
• Price / Book: 0.81

Miscellaneous

• Outstanding Shares: 73,310,000
• Free Float: 69,467,000
• Market Cap: $62.31 million
• Optionable: Optionable
• Beta: 2.17