American Battery Technology Company (NASDAQ: ABAT) is -36.59% lower on its value in year-to-date trading and has touched a low of $0.73 and a high of $4.11 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The ABAT stock was last observed hovering at around $1.71 in the last trading session, with the day’s loss setting it -0.15%.
Currently trading at $1.56, the stock is 37.08% and 46.27% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.49 million and changing -8.77% at the moment leaves the stock 33.62% off its SMA200. ABAT registered 17.74% gain for a year compared to 6-month gain of 56.31%. The firm has a 50-day simple moving average (SMA 50) of $1.06654 and a 200-day simple moving average (SMA200) of $1.16749.
The stock witnessed a 52.94% loss in the last 1 month and extending the period to 3 months gives it a 13.04%, and is 30.00% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 18.40% over the week and 11.21% over the month.
American Battery Technology Company (ABAT) has around 98 employees, a market worth around $132.07M and $0.88M in sales. Profit margin for the company is -6666.71%. Distance from 52-week low is 113.70% and -62.04% from its 52-week high. The company has generated returns on investments over the last 12 months (-82.61%).
77.0 institutions hold shares in American Battery Technology Company (ABAT), with institutional investors hold 9.04% of the company’s shares. The shares outstanding are 84.39M, and float is at 81.67M with Short Float at 7.26%. Institutions hold 8.55% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 2.54 million shares valued at $3.17 million. The investor’s holdings represent 4.8791 of the ABAT Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 0.78 million shares valued at $0.97 million to account for 1.4931 of the shares outstanding. The other top investors are GEODE CAPITAL MANAGEMENT, LLC which holds 0.6 million shares representing 1.1634 and valued at over $0.76 million, while GRASSI INVESTMENT MANAGEMENT holds 0.912 of the shares totaling 0.47 million with a market value of $0.59 million.
American Battery Technology Company (ABAT) Insider Activity
The most recent transaction is an insider sale by JOLCOVER SCOTT, the company’s Chief Resource Officer. SEC filings show that JOLCOVER SCOTT sold 23,125 shares of the company’s common stock on Nov 19 ’24 at a price of $0.80 per share for a total of $18500.0. Following the sale, the insider now owns 0.22 million shares.
