American Bitcoin Corp. (NASDAQ:ABTC - Get Free Report)'s stock price traded up 1.8% during trading on Tuesday . The company traded as high as $6.88 and last traded at $6.74. 2,746,888 shares were traded during mid-day trading, a decline of 68% from the average session volume of 8,452,571 shares. The stock had previously closed at $6.62.
American Bitcoin Stock Up 1.8%
The stock's 50-day moving average price is $6.74 and its 200 day moving average price is $4.68. The company has a market cap of $111.61 million, a P/E ratio of -5.62 and a beta of 4.02.
American Bitcoin (NASDAQ:ABTC - Get Free Report) last posted its quarterly earnings data on Thursday, August 14th. The company reported ($0.35) earnings per share (EPS) for the quarter. The company had revenue of $1.38 million for the quarter. Analysts expect that American Bitcoin Corp. will post -0.76 earnings per share for the current fiscal year.
Institutional Trading of American Bitcoin
Hedge funds have recently added to or reduced their stakes in the business. Cambridge Investment Research Advisors Inc. acquired a new stake in American Bitcoin in the 1st quarter valued at approximately $66,000. Murchinson Ltd. boosted its position in shares of American Bitcoin by 271.4% in the first quarter. Murchinson Ltd. now owns 2,403,988 shares of the company's stock valued at $409,000 after acquiring an additional 1,756,649 shares during the period. EWA LLC acquired a new stake in shares of American Bitcoin in the second quarter worth $29,000. HUB Investment Partners LLC bought a new position in American Bitcoin during the second quarter worth $114,000. Finally, Moore Capital Management LP acquired a new position in American Bitcoin during the 2nd quarter valued at $88,000. Institutional investors own 10.21% of the company's stock.
About American Bitcoin
(
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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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