American Bitcoin Corp. (NASDAQ:ABTC - Get Free Report)'s share price traded up 11.3% during trading on Friday . The stock traded as high as $5.68 and last traded at $5.62. 3,869,456 shares changed hands during trading, an increase of 36% from the average session volume of 2,847,948 shares. The stock had previously closed at $5.05.
American Bitcoin Stock Performance
The company has a market capitalization of $93.07 million, a PE ratio of -4.68 and a beta of 3.92. The company has a 50 day moving average price of $6.70 and a 200 day moving average price of $5.25.
American Bitcoin (NASDAQ:ABTC - Get Free Report) last released its earnings results on Thursday, August 14th. The company reported ($0.35) EPS for the quarter. The firm had revenue of $1.38 million during the quarter. On average, equities analysts forecast that American Bitcoin Corp. will post -0.76 earnings per share for the current fiscal year.
Hedge Funds Weigh In On American Bitcoin
Large investors have recently added to or reduced their stakes in the company. Cambridge Investment Research Advisors Inc. bought a new position in American Bitcoin during the first quarter worth $66,000. Murchinson Ltd. lifted its stake in American Bitcoin by 271.4% during the first quarter. Murchinson Ltd. now owns 2,403,988 shares of the company's stock worth $409,000 after purchasing an additional 1,756,649 shares during the last quarter. EWA LLC bought a new position in American Bitcoin during the second quarter worth $29,000. Vident Advisory LLC bought a new position in American Bitcoin during the second quarter worth $965,000. Finally, HUB Investment Partners LLC bought a new position in American Bitcoin during the second quarter worth $114,000. 10.21% of the stock is currently owned by institutional investors.
American Bitcoin Company Profile
(
Get Free Report)
Gryphon Digital Mining is an innovative venture in the bitcoin space. Gryphon Digital Mining, formerly known as Akerna Corp., is based in DENVER.
Featured Articles
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider American Bitcoin, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and American Bitcoin wasn't on the list.
While American Bitcoin currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Just getting into the stock market? These 10 simple stocks can help beginning investors build long-term wealth without knowing options, technicals, or other advanced strategies.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
