For those aiming to surpass market returns, the art of stock picking is crucial. Making wise choices in stocks can greatly enhance your overall wealth.
American Battery Technology Company (NASDAQ: ABAT) closed the day trading at $0.84 down -9.72% from the previous closing price of $0.93. In other words, the price has decreased by -$9.72 from its previous closing price. On the day, 0.58 million shares were traded. ABAT stock price reached its highest trading level at $0.935 during the session, while it also had its lowest trading level at $0.84.
Ratios:
For a better understanding of ABAT, let’s look at its different 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:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. 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 62784528 and an Enterprise Value of 60741056. For the stock, the TTM Price-to-Sale (P/S) ratio is 111.60 while its Price-to-Book (P/B) ratio in mrq is 1.04. Its current Enterprise Value per Revenue stands at 176.83 whereas that against EBITDA is -1.695.
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 $0.73. The 50-Day Moving Average of the stock is -12.46%, while the 200-Day Moving Average is calculated to be -34.06%.
Shares Statistics:
Over the past 3-months, ABAT traded about 638.52K shares per day on average, while over the past 10 days, ABAT traded about 798720 shares per day. A total of 73.34M shares are outstanding, with a floating share count of 71.83M. Insiders hold about 3.62% of the company’s shares, while institutions hold 7.36% stake in the company. Shares short for ABAT as of 1730332800 were 6137690 with a Short Ratio of 10.27, compared to 1727654400 on 6802241. Therefore, it implies a Short% of Shares Outstanding of 6137690 and a Short% of Float of 8.84.
