American Battery Technology Company (NASDAQ:ABAT) shares, rose in value, with the stock price up by 6.93% to the previous day’s close as strong demand from buyers drove the stock to $1.08.
Actively observing the price movement in the recent trading, the stock is buoying the session at $1.01, falling within a range of $1.0 and $1.14. The value of beta (5-year monthly) is 1.922. Referring to stock’s 52-week performance, its high was $4.11, and the low was $0.73. On the whole, ABAT has fluctuated by 6.93% over the past month.
With the market capitalization of American Battery Technology Company currently standing at about $91.43 million, investors are eagerly awaiting this quarter’s results, scheduled for on 2024-Nov-13.
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 50% Sell on average. However, medium-term indicators have put the stock in the category of Hold while long-term indicators on average have been pointing out that it is a 50% Sell.
The stock’s technical analysis shows that the price of ABAT currently trading nearly 6.50% and -12.81% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 49.49, while the 7-day volatility ratio is showing 6.41% which for the 30-day chart, stands at 9.38%. Furthermore, American Battery Technology Company (ABAT)’s beta value is 1.79, and its average true range (ATR) is 0.11.
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 6.93% in today’s session so far, and over the past year, it shrunk by -37.21%%.
Data on historical trading for American Battery Technology Company (NASDAQ:ABAT) indicates that the trading volumes over the past 10 days have averaged 0.76 and over the past 3 months, they’ve averaged 3.13 million. According to company’s latest data on outstanding shares, there are 84.39 million shares outstanding.
Nearly 3.30% of American Battery Technology Company’s shares belong to company insiders and institutional investors own 8.20% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 6.22 million shares as on 2025-03-14, resulting in a short ratio of 5.44. According to the data, the short interest in American Battery Technology Company (ABAT) stood at 770.00 of shares outstanding as of 2025-03-14; the number of short shares registered in 2025-02-14 reached 6.55 million. The stock has fallen by -56.10% 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.
