American Battery Technology Company (NASDAQ: ABAT): To Buy Or Not To Buy, That Is The Question

American Battery Technology Company (ABAT) concluded trading on Wednesday at a closing price of $0.88, with 35.68 million shares of worth about $31.4 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -15.38% during that period and on December 18, 2024 the price saw a gain of about 2.33%. Currently the company’s common shares owned by public are about 76.49M shares, out of which, 73.78M shares are available for trading.

Stock saw a price change of -12.00% in past 5 days and over the past one month there was a price change of 10.00%. Year-to-date (YTD), ABAT shares are showing a performance of -81.24% which decreased to -84.70% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $0.73 but also hit the highest price of $6.45 during that period. The average intraday trading volume for American Battery Technology Company shares is 694.54K. The stock is currently trading -2.31% below its 20-day simple moving average (SMA20), while that difference is down -7.15% for SMA50 and it goes to -26.83% lower than SMA200.

American Battery Technology Company (NASDAQ: ABAT) currently have 76.49M outstanding shares and institutions hold larger chunk of about 7.17% of that.

The stock has a current market capitalization of $67.31M and its 3Y-monthly beta is at 1.87. It has posted earnings per share of -$0.92 in the same period. It has Quick Ratio of 1.53 while making debt-to-equity ratio of 0.04. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for ABAT, volatility over the week remained 18.24% while standing at 11.81% over the month.

Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Northland Capital on March 27, 2024 offering an Outperform rating for the stock and assigned a target price of $6 to it.

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