American Battery Technology Company (NASDAQ:ABAT) price on Thursday, May 01, fall -8.77% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $1.56.
A look at the stock’s price movement, the close in the last trading session was $1.71, moving within a range at $1.5 and $1.62. The beta value (5-Year monthly) was 1.769. Turning to its 52-week performance, $4.11 and $0.73 were the 52-week high and 52-week low respectively. Overall, ABAT moved 52.94% over the past month.
American Battery Technology Company’s market cap currently stands at around $132.07 million, with investors looking forward to this quarter’s earnings report slated for on 2024-Nov-13.
Turning to the stock’s technical picture we see that short term indicators suggest on average that ABAT is a Hold. On the other hand, the stock is on average a 50% Sell as suggested by medium term indicators while long term indicators are putting the stock in 100% Buy category.
ABAT’s current price about 37.08% and 46.27% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 67.23, while 7-day volatility ratio is 18.40% and 11.21% in the 30-day chart. Further, American Battery Technology Company (ABAT) has a beta value of 1.33, and an average true range (ATR) of 0.15.
If we refocus on American Battery Technology Company (NASDAQ:ABAT), historical trading data shows that trading volumes averaged 2.67 over the past 10 days and 1.39 million over the past 3 months. The company’s latest data on shares outstanding shows there are 84.39 million shares.
The 3.53% of American Battery Technology Company’s shares are in the hands of company insiders while institutional holders own 8.43% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 5.93 million on 2025-04-15, giving us a short ratio of 6.38. The data shows that as of 2025-04-15 short interest in American Battery Technology Company (ABAT) stood at 734.0000000000001 of shares outstanding, with shares short falling to 6.22 million registered in 2025-03-14. Current price change has pushed the stock -36.59% 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.
