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After finishing at $1.10 in the prior trading day, American Battery Technology Company (NASDAQ: ABAT) closed at $1.08, down -1.82%. In other words, the price has decreased by -$1.82 from its previous closing price. On the day, 0.77 million shares were traded. ABAT stock price reached its highest trading level at $1.0801 during the session, while it also had its lowest trading level at $1.02.
Ratios:
Our goal is to gain a better understanding of ABAT by taking a closer look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 0.57 and its Current Ratio is at 0.61. 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.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, ABAT now has a Market Capitalization of 60649032 and an Enterprise Value of 65428304.
Stock Price History:
Over the past 52 weeks, ABAT has reached a high of $13.78, while it has fallen to a 52-week low of $1.00. The 50-Day Moving Average of the stock is -16.28%, while the 200-Day Moving Average is calculated to be -68.06%.
Shares Statistics:
The stock has traded on average 533.16K shares per day over the past 3-months and 763980 shares per day over the last 10 days, according to various share statistics. A total of 58.60M shares are outstanding, with a floating share count of 56.85M. Insiders hold about 2.99% of the company’s shares, while institutions hold 8.83% stake in the company. Shares short for ABAT as of 1718323200 were 5363514 with a Short Ratio of 10.06, compared to 1715731200 on 4754655. Therefore, it implies a Short% of Shares Outstanding of 5363514 and a Short% of Float of 9.45.
