American Battery Technology Company (NASDAQ:ABAT) shares, rose in value on Thursday, January 02, with the stock price down by -13.41% to the previous day’s close as strong demand from buyers drove the stock to $2.13.
Actively observing the price movement in the last trading, the stock closed the session at $2.46, falling within a range of $2.02 and $2.67. The value of beta (5-year monthly) was 1.854. Referring to stock’s 52-week performance, its high was $4.68, and the low was $0.73. On the whole, ABAT has fluctuated by 152.82% over the past month.
With the market capitalization of American Battery Technology Company currently standing at about $181.62 million, investors are eagerly awaiting this quarter’s results, scheduled for in February.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that ABAT’s technical picture suggests that short-term indicators denote the stock is a 100% Buy on average. However, medium-term indicators have put the stock in the category of 50% Buy while long-term indicators on average have been pointing out that it is a 50% Buy.
The stock’s technical analysis shows that the price of ABAT currently trading nearly 39.90% and 81.38% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 59.10, while the 7-day volatility ratio is showing 33.70% which for the 30-day chart, stands at 22.17%. Furthermore, American Battery Technology Company (ABAT)’s beta value is 1.50, and its average true range (ATR) is 0.43.
A comparison of American Battery Technology Company (ABAT) with its peers suggests the former has fared considerably weaker in the market. ABAT showed an intraday change of -13.41% in last session, and over the past year, it shrunk by -51.65%%.
Data on historical trading for American Battery Technology Company (NASDAQ:ABAT) indicates that the trading volumes over the past 10 days have averaged 20.93 and over the past 3 months, they’ve averaged 3.68 million. According to company’s latest data on outstanding shares, there are 85.27 million shares outstanding.
Nearly 3.55% of American Battery Technology Company’s shares belong to company insiders and institutional investors own 6.43% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 6.14 million shares as on 2024-10-31, resulting in a short ratio of 14.57. According to the data, the short interest in American Battery Technology Company (ABAT) stood at 884.00 of shares outstanding as of 2024-10-31; the number of short shares registered in 2024-09-30 reached 6.8 million. The stock has fallen by -13.41% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the ABAT stock heading into the next quarter.
