American Bitcoin (NASDAQ:ABTC) Issues Quarterly Earnings Results

Key Points

• Q4 earnings missed: American Bitcoin reported EPS of ($0.07) vs. a $0.02 consensus, missing by $0.09, with revenue of $78.32M (vs. $79.64M est.) and negative net margin (10.79%) and ROE (5.57%).
• Significant insider buying: Directors Richard Busch and Justin Mateen recently purchased large stakes (68,000 and 1,800,000 shares); insiders bought 2,198,000 shares last quarter and now own roughly 15% of the company.
• Shares trade around $0.86 (12‑month range $0.63–$14.65) with a market cap of ~$798M, a negative PE (-1.91) and high volatility (beta 3.81); analyst consensus is a "Hold" with a $4.00 price target (two Buys, one Sell).

American Bitcoin (NASDAQ:ABTC - Get Free Report) announced its quarterly earnings data on Friday. The company reported ($0.07) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.02 by ($0.09), Zacks reports. American Bitcoin had a negative net margin of 10.79% and a negative return on equity of 5.57%. The company had revenue of $78.32 million during the quarter, compared to analyst estimates of $79.64 million.

American Bitcoin Price Performance

Shares of ABTC opened at $0.86 on Friday. American Bitcoin has a 12 month low of $0.63 and a 12 month high of $14.65. The stock's 50-day moving average is $1.18 and its two-hundred day moving average is $3.29. The stock has a market cap of $797.74 million, a PE ratio of -1.91 and a beta of 3.81.

Insider Transactions at American Bitcoin

In other news, Director Richard Busch purchased 68,000 shares of the company's stock in a transaction that occurred on Thursday, March 5th. The shares were purchased at an average price of $1.15 per share, with a total value of $78,200.00. Following the purchase, the director directly owned 1,398,975 shares of the company's stock, valued at approximately $1,608,821.25. This represents a 5.11% increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Justin Mateen acquired 1,800,000 shares of the business's stock in a transaction on Tuesday, March 3rd. The stock was purchased at an average price of $1.03 per share, for a total transaction of $1,854,000.00. Following the acquisition, the director directly owned 2,524,975 shares in the company, valued at $2,600,724.25. This represents a 248.28% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. In the last quarter, insiders bought 2,198,000 shares of company stock valued at $2,266,100. Insiders own 15.00% of the company's stock.

Institutional Trading of American Bitcoin

Several large investors have recently modified their holdings of ABTC. Bank of America Corp DE acquired a new position in shares of American Bitcoin in the third quarter worth about $61,000. NewEdge Advisors LLC acquired a new stake in American Bitcoin during the 3rd quarter valued at approximately $71,000. Dimensional Fund Advisors LP acquired a new stake in American Bitcoin during the 3rd quarter valued at approximately $95,000. Integrated Wealth Concepts LLC purchased a new stake in American Bitcoin during the 3rd quarter worth approximately $95,000. Finally, Aptus Capital Advisors LLC purchased a new stake in American Bitcoin during the 4th quarter worth approximately $33,000. 10.21% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms recently weighed in on ABTC. Roth Mkm initiated coverage on shares of American Bitcoin in a research report on Wednesday, December 10th. They issued a "buy" rating and a $4.00 price objective on the stock. Weiss Ratings restated a "sell (d)" rating on shares of American Bitcoin in a report on Monday, December 29th. Finally, HC Wainwright started coverage on shares of American Bitcoin in a research report on Monday, February 2nd. They issued a "buy" rating and a $4.00 price objective on the stock. Two research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $4.00.

About American Bitcoin

Gryphon Digital Mining is an innovative venture in the bitcoin space. Gryphon Digital Mining, formerly known as Akerna Corp., is based in DENVER.

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