Investors on the quest for market-beating returns often employ the strategy of stock picking. Making informed choices in stocks can greatly amplify your wealth.
Abits Group Inc (NASDAQ: ABTS) closed the day trading at $0.45 down -6.98% from the previous closing price of $0.48. In other words, the price has decreased by -$6.98 from its previous closing price. On the day, 0.16 million shares were traded. ABTS stock price reached its highest trading level at $0.53 during the session, while it also had its lowest trading level at $0.44.
Ratios:
For a better understanding of ABTS, let’s look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 0.83 and its Current Ratio is at 0.83. In the meantime, Its Debt-to-Equity ratio is 0.00 whereas as Long-Term Debt/Eq ratio is at 0.00.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, ABTS now has a Market Capitalization of 15875174 and an Enterprise Value of 15483630. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.97 while its Price-to-Book (P/B) ratio in mrq is 1.41. Its current Enterprise Value per Revenue stands at 2.897 whereas that against EBITDA is 11.331.
Stock Price History:
The Beta on a monthly basis for ABTS is 2.66, which has changed by -0.5936364 over the last 52 weeks, in comparison to a change of 0.23806548 over the same period for the S&P500. Over the past 52 weeks, ABTS has reached a high of $1.60, while it has fallen to a 52-week low of $0.38. The 50-Day Moving Average of the stock is -21.16%, while the 200-Day Moving Average is calculated to be -22.53%.
Shares Statistics:
Over the past 3-months, ABTS traded about 258.60K shares per day on average, while over the past 10 days, ABTS traded about 831140 shares per day. A total of 35.55M shares are outstanding, with a floating share count of 29.27M. Insiders hold about 17.67% of the company’s shares, while institutions hold 0.15% stake in the company. Shares short for ABTS as of 1734048000 were 288286 with a Short Ratio of 1.11, compared to 1731628800 on 352124. Therefore, it implies a Short% of Shares Outstanding of 288286 and a Short% of Float of 0.8099999999999999.
Earnings Estimates
The consensus estimate for the next quarter is $0, with high estimates of $0 and low estimates of $0.
Analysts are recommending an EPS of between $0 and $0 for the fiscal current year, implying an average EPS of $0.
