American Battery Technology Company (NASDAQ: ABAT) – Not A Clear Buying Opportunity?

American Battery Technology Company (ABAT) concluded trading on Thursday at a closing price of $1.47, with 4.97 million shares of worth about $7.31 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 44.12% during that period and on January 23, 2025 the price saw a loss of about -16.48%. Currently the company’s common shares owned by public are about 85.27M shares, out of which, 82.51M shares are available for trading.

Stock saw a price change of -21.81% in past 5 days and over the past one month there was a price change of 32.43%. Year-to-date (YTD), ABAT shares are showing a performance of -40.24% which decreased to -48.42% 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 $4.11 during that period. The average intraday trading volume for American Battery Technology Company shares is 5.03 million. The stock is currently trading -33.78% below its 20-day simple moving average (SMA20), while that difference is up 2.16% for SMA50 and it goes to 19.89% higher than SMA200.

American Battery Technology Company (NASDAQ: ABAT) currently have 85.27M outstanding shares and institutions hold larger chunk of about 6.01% of that.

The stock has a current market capitalization of $125.34M and its 3Y-monthly beta is at 1.43. 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 14.59% while standing at 25.19% over the month.

Analysts are in expectations that American Battery Technology Company (ABAT) stock would likely to be making an EPS of 0 in the current quarter, while forecast for next quarter EPS is 0 and it is 0 for next year. For the current quarter EPS, analysts have given the company a lowest target 0 which is 0 at the higher side of the target for the same.

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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