In the journey to outperform the market, investors delve into the art of stock selection. Choosing the right stocks can be a powerful driver for wealth accumulation.
The closing price of American Battery Technology Company (NASDAQ: ABAT) was $0.99 for the day, down -8.32% from the previous closing price of $1.08. In other words, the price has decreased by -$8.32 from its previous closing price. On the day, 2.88 million shares were traded.
Ratios:
Our analysis of ABAT’s different ratios will help us gain a deeper understanding of the company. For the most recent quarter (mrq), Quick Ratio is recorded 1.71 and its Current Ratio is at 1.75. In the meantime, Its Debt-to-Equity ratio is 0.15 whereas as Long-Term Debt/Eq ratio is at 0.00.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Northland Capital on March 27, 2024, initiated with a Outperform rating and assigned the stock a target price of $6.
Insider Transactions:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Nov 19 ’24 when JOLCOVER SCOTT sold 23,125 shares for $0.80 per share. The transaction valued at 18,500 led to the insider holds 219,001 shares of the business.
Valuation Measures:
For the stock, the TTM Price-to-Sale (P/S) ratio is 95.25 while its Price-to-Book (P/B) ratio in mrq is 1.18.
Stock Price History:
Over the past 52 weeks, ABAT has reached a high of $4.11, while it has fallen to a 52-week low of $0.73. The 50-Day Moving Average of the stock is -38.54%, while the 200-Day Moving Average is calculated to be -18.22%.
Shares Statistics:
A total of 84.39M shares are outstanding, with a floating share count of 81.92M. Insiders hold about 3.23% of the company’s shares, while institutions hold 8.20% stake in the company.
