American Battery Technology Company (NASDAQ:ABAT) traded at $2.21 at close of the session on current trade day and made a downward move of -16.29% on its previous day’s price.
Looking at the stock we see that its previous close was $2.64 and the beta (5Y monthly) reads 1.854 with the day’s price range being $2.11 – $2.68. In terms of its 52-week price range, ABAT has a high of $4.17 and a low of $0.73. The company’s stock has gained about 148.31% over that past 30 days.
American Battery Technology Company has a market cap of $188.44 million and is expected to release its quarterly earnings report in February.
On the other hand, looking at the outlook for the ABAT stock, short term indicators assign the stock an average of 100% Buy, while medium term indicators assign it an average of 100% Buy.
Looking further, we note the current price level is 26.00% off its SMA20 and 75.34% from its 50-day simple moving average. The RSI (14) is pointing at 57.01 while the volatility over the past week is 28.67% and jumps to 24.85% over the past one month. The beta value is 1.49, while the average true range (ATR) is currently pointing at 0.47.
Coming back to American Battery Technology Company (NASDAQ:ABAT), we note that the average 3-month trading volume was 4.26 million, while that of the preceding 10-day period stands at 20.0 million. Current shares outstanding are 85.27 million.
The insiders hold 3.55% of the company’s shares while institutions hold 6.43%. The data shows that short shares as of 2024-10-31, stood at 6.14 million at a short ratio of 14.57. This represents a 884.00 short interest in shares outstanding on 2024-10-31. Shares short fall in October from the previous month at 6.8 million. Investors should be excited about this stock as its upside potential is great, with current price pushing the stock -10.16% down in year-to-date price movement.
