American Battery Technology Company (NASDAQ:ABAT) price on Thursday, December 26, rose 20.77% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $3.14.
A look at the stock’s price movement, the close in the last trading session was $2.60, moving within a range at $2.6 and $3.85. The beta value (5-Year monthly) was 1.854. Turning to its 52-week performance, $5.55 and $0.73 were the 52-week high and 52-week low respectively. Overall, ABAT moved 232.20% over the past month.
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American Battery Technology Company’s market cap currently stands at around $255.89 million, with investors looking forward to this quarter’s earnings report slated for in January.
Turning to the stock’s technical picture we see that short term indicators suggest on average that ABAT is a 50% Buy. On the other hand, the stock is on average a Hold as suggested by medium term indicators while long term indicators are putting the stock in 50% Buy category.
ABAT’s current price about 167.86% and 201.14% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 92.71, while 7-day volatility ratio is 38.83% and 18.13% in the 30-day chart. Further, American Battery Technology Company (ABAT) has a beta value of 1.75, and an average true range (ATR) of 0.31.
If we refocus on American Battery Technology Company (NASDAQ:ABAT), historical trading data shows that trading volumes averaged 13.27 over the past 10 days and 2.52 million over the past 3 months. The company’s latest data on shares outstanding shows there are 76.49 million shares.
The 3.55% of American Battery Technology Company’s shares are in the hands of company insiders while institutional holders own 7.17% 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 -33.05% 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.
