American Battery Technology Company (NASDAQ:ABAT) does about 529.32K shares in volume on a normal day but saw 1038729 shares change hands in Tuesday’s trading. The company now has a market cap of 61.53M USD. Its current market price is $1.05, marking an increase of 2.94% compared to the previous close of $1.02. The 52 week high reached by this stock is $13.78 whilst the lowest price level in 52 weeks is $1.00.
American Battery Technology Company (ABAT) has a 20-day trading average at $1.2285 and the current price is -92.38% off the 52-week high compared with 5.00% distance from its 52-week low. The 50-day simple moving average of the closing price is $1.3187 and its 200-day simple moving average is $3.5823. If we look at the stock’s price movements over the week, volatility stands at 7.29%, which decreases to 6.51% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 31.75 to suggest the stock is neutral.
The consensus objective for the share price is $7.50, suggesting that the stock has a potential upside of 86.0% over the period.
The company shares received a number of brokerage firm price updates over the past month, with the latest being on March 27, 2024 when Northland Capital initiated the stock to “Outperform” and issued a price target of $6.
American Battery Technology Company (ABAT) stock is up 1.94% over the week and -26.57% over the past month. Its price is -77.61% year-to-date and -91.03% over the past year.
To reach the target analysts have set, the stock logically needs to grow 86.0 percent from here.
The company has a return on investment of -47.98% and return on equity of -54.22%. The beta has a value of 1.89. Price to book ratio is 0.83.
