American Battery Technology Company (NASDAQ:ABAT) does about 1.40M shares in volume on a normal day but saw 1723799 shares change hands in the recent trading day. The company now has a market cap of 126.80M USD. Its current market price is $1.38, marking an increase of 4.55% compared to the previous close of $1.32. The 52 week high reached by this stock is $4.11 whilst the lowest price level in 52 weeks is $0.73.
The consensus objective for the share price is $6.00, suggesting that the stock has a potential upside of 77.0% 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.
The current price level is -4.50%, 14.01%, and 14.95% away from its SMA20, SMA50, and SMA200 respectively, with the ABAT price moving below the 50-day SMA on current market day. American Battery Technology Company (ABAT) stock is down -0.72% over the week and 20.00% over the past month. Its price is -43.90% year-to-date and -5.48% over the past year.
The company’s next earnings report forecasts estimating quarterly EPS at 0 and 0 for whole year.
To reach the target analysts have set, the stock logically needs to grow 77.0 percent from here.
Outstanding shares total 91.89M with insiders holding 5.02% of the shares and institutional holders owning 9.89% of the company’s common stock. The company has a return on investment of -91.19% and return on equity of -88.49%. The beta has a value of 1.24. Price to book ratio is 1.86 and price to sales ratio is 68.17.
