Investors aiming for above-average returns often turn to the practice of stock picking. Skillful choices in individual stocks can be a catalyst for substantial wealth growth.
In the latest session, American Battery Technology Company (NASDAQ: ABAT) closed at $1.82 down -1.62% from its previous closing price of $1.85. In other words, the price has decreased by -$1.62 from its previous closing price. On the day, 2.96 million shares were traded. ABAT stock price reached its highest trading level at $1.99 during the session, while it also had its lowest trading level at $1.72.
Ratios:
For a deeper understanding of American Battery Technology Company’s stock, let’s take a closer look at its various ratios. For the most recent quarter (mrq), Quick Ratio is recorded 1.53 and its Current Ratio is at 1.55. In the meantime, Its Debt-to-Equity ratio is 0.04 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:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. 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:
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 155186672 and an Enterprise Value of 60741056. For the stock, the TTM Price-to-Sale (P/S) ratio is 282.15 while its Price-to-Book (P/B) ratio in mrq is 2.25. Its current Enterprise Value per Revenue stands at 176.83 whereas that against EBITDA is -1.695.
Stock Price History:
The Beta on a monthly basis for ABAT is 1.53, which has changed by -0.31226766 over the last 52 weeks, in comparison to a change of 0.23147523 over the same period for the S&P500. 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 36.12%, while the 200-Day Moving Average is calculated to be 48.86%.
Shares Statistics:
For the past three months, ABAT has traded an average of 4.64M shares per day and 10056620 over the past ten days. A total of 85.27M shares are outstanding, with a floating share count of 82.24M. Insiders hold about 3.55% of the company’s shares, while institutions hold 6.01% stake in the company. Shares short for ABAT as of 1730332800 were 6137690 with a Short Ratio of 1.53, compared to 1727654400 on 6802241. Therefore, it implies a Short% of Shares Outstanding of 6137690 and a Short% of Float of 8.84.
