Is There More Upside Ahead For Abits Group Inc (NASDAQ: ABTS)

Abits Group Inc (ABTS) concluded trading on Tuesday at a closing price of $0.69, with 7.02 million shares of worth about $4.84 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 23.02% during that period and on December 31, 2024 the price saw a gain of about 44.27%. Currently the company’s common shares owned by public are about 35.55M shares, out of which, 29.27M shares are available for trading.

Stock saw a price change of 54.91% in past 5 days and over the past one month there was a price change of 11.25%. Year-to-date (YTD), ABTS shares are showing a performance of -39.58% which decreased to -39.58% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $0.38 but also hit the highest price of $1.60 during that period. The average intraday trading volume for Abits Group Inc shares is 133.32K. The stock is currently trading 28.02% above its 20-day simple moving average (SMA20), while that difference is up 23.41% for SMA50 and it goes to 18.39% higher than SMA200.

Abits Group Inc (NASDAQ: ABTS) currently have 35.55M outstanding shares and institutions hold larger chunk of about 0.15% of that.

The stock has a current market capitalization of $35.33M and its 3Y-monthly beta is at 2.73. It has posted earnings per share of -$0.26 in the same period. It has Quick Ratio of 0.83 while making debt-to-equity ratio of 0.00. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for ABTS, volatility over the week remained 25.26% while standing at 16.40% over the month.

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