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The closing price of American Battery Technology Company (NASDAQ: ABAT) was $1.00 for the day, up 0.67% from the previous closing price of $0.99. In other words, the price has increased by $0.67 from its previous closing price. On the day, 0.51 million shares were traded. ABAT stock price reached its highest trading level at $1.02 during the session, while it also had its lowest trading level at $0.9801.
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 1.16 and its Current Ratio is at 1.17. In the meantime, Its Debt-to-Equity ratio is 0.11 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 73308304 and an Enterprise Value of 71548320. For the stock, the TTM Price-to-Sale (P/S) ratio is 211.20 while its Price-to-Book (P/B) ratio in mrq is 1.04. Its current Enterprise Value per Revenue stands at 208.292 whereas that against EBITDA is -1.996.
Stock Price History:
Over the past 52 weeks, ABAT has reached a high of $6.45, while it has fallen to a 52-week low of $0.75. The 50-Day Moving Average of the stock is -1.32%, while the 200-Day Moving Average is calculated to be -30.29%.
Shares Statistics:
ABAT traded an average of 531.34K shares per day over the past three months and 304470 shares per day over the past ten days. A total of 72.05M shares are outstanding, with a floating share count of 69.42M. Insiders hold about 3.65% of the company’s shares, while institutions hold 7.53% stake in the company. Shares short for ABAT as of 1728950400 were 6339942 with a Short Ratio of 11.93, compared to 1726185600 on 4725554. Therefore, it implies a Short% of Shares Outstanding of 6339942 and a Short% of Float of 9.13.
