Osaic Wealth, Inc. recently announced the acquisition of new stake in American Battery Technology Company (NASDAQ:ABAT). This fresh investment now brings its stake to 0.13% valued currently at $0.28 million. In addition, Fortis Capital Management LLC raised its holdings by 48674.0 to 48674.0 shares.
With over 0.48 million American Battery Technology Company (ABAT) shares trading Friday and a closing price of $5.56 on the day, the dollar volume was approximately $2.68 million. The shares have shown a negative half year performance of -53.14% and its price on 12/22/23 lost nearly -1.07%. Currently, there are 45.89M common shares owned by the public and among those 44.91M shares have been available to trade.
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Insiders at the company have transacted a total of 48 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 27 of these insider trades were purchases, accounting for 2,128,012 shares. Insider sales of the common stock occurred on 21 occasions, with total insider shares sold totaling 880,074 shares.
Fidelity Nasdaq Composite Index F owns 14236.0 shares of the company’s stock, all valued at over $61927.0. The company bought an additional 14236.0 shares recently to bring their total holdings to about 0.03% of the shares outstanding.
Shares of American Battery Technology Company (NASDAQ: ABAT) opened at $5.65, up $0.03 from a prior closing price of $5.62. The company’s stock has a 5-day price change of 9.66% and -44.12% over the past three months. ABAT shares are trading -8.90% year to date (YTD), with the 12-month market performance down to -27.31% lower. It has a 12-month low price of $3.33 and touched a high of $21.75 over the same period. ABAT has an average intraday trading volume of 446.04K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 21.64%, 14.50%, and -41.50% respectively.
Institutional ownership of American Battery Technology Company (NASDAQ: ABAT) shares accounts for 0.42% of the company’s 45.89M shares outstanding. Mutual fund holders own 0.37%, while other institutional holders and individual stakeholders account for 0.78% and 0.04% respectively.
It has a market capitalization of $265.55M and a beta (3y monthly) value of 1.70. The earnings-per-share (ttm) stands at -$0.33. Price movements for the stock have been influenced by the stock’s volatility, which stands at 13.91% over the week and 9.97% over the month.
Analysts forecast that American Battery Technology Company (ABAT) will achieve an EPS of -$0.06 for the current quarter, $0.01 for the next quarter and $0 for 2025. The lowest estimate earnings-per-share for the quarter is -$0.06 while analysts give the company a high EPS estimate of -$0.06. Comparatively, EPS for the current quarter was $0 a year ago.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 1 brokerage firm advisors rate American Battery Technology Company (ABAT) as a “Strong Buy” at a consensus score of 1.00. Specifically, 1 Wall Street analysts polled rate the stock as a buy, while 0 of the 1 advise that investors “hold,” and 0 rated it as a “Sell.”
