American Battery Technology Company (NASDAQ:ABAT) price on current trading day, fall -10.04% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $0.87.
A look at the stock’s price movement, the level at last check in today’s session was $0.96, moving within a range at $0.85 and $0.93. The beta value (5-Year monthly) was 1.854. Turning to its 52-week performance, $6.45 and $0.75 were the 52-week high and 52-week low respectively. Overall, ABAT moved -15.99% over the past month.
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American Battery Technology Company’s market cap currently stands at around $62.34 million, with investors looking forward to this quarter’s earnings report slated for on 2024-Nov-14.
Analysts have a consensus estimate of 13.41M for the company’s revenue for the quarter, with a low and high estimate of 13.41M and 13.41M respectively. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 107.25M, representing a 31,123.87% jump on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that ABAT is a 100% Sell. On the other hand, the stock is on average a 100% Sell as suggested by medium term indicators while long term indicators are putting the stock in 100% Sell category.
ABAT’s current price about -12.27% and -12.94% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 30.28, while 7-day volatility ratio is 5.03% and 3.79% in the 30-day chart. Further, American Battery Technology Company (ABAT) has a beta value of 1.87, and an average true range (ATR) of 0.05.
If we refocus on American Battery Technology Company (NASDAQ:ABAT), historical trading data shows that trading volumes averaged 0.37 over the past 10 days and 542.88K over the past 3 months. The company’s latest data on shares outstanding shows there are 72.05 million shares.
The 3.65% of American Battery Technology Company’s shares are in the hands of company insiders while institutional holders own 7.80% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 6.14 million on 2024-10-31, giving us a short ratio of 14.57. The data shows that as of 2024-10-31 short interest in American Battery Technology Company (ABAT) stood at 884.0 of shares outstanding, with shares short falling to 6.8 million registered in 2024-09-30. Current price change has pushed the stock -81.55% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the ABAT stock continues to rise going into the next quarter.
