American Bitcoin (NASDAQ:ABTC - Get Free Report) was upgraded by equities researchers at Maxim Group to a "strong-buy" rating in a research report issued on Tuesday,Zacks.com reports.
ABTC has been the subject of a number of other reports. Weiss Ratings reaffirmed a "sell (d)" rating on shares of American Bitcoin in a report on Wednesday, June 24th. Zacks Research raised American Bitcoin from a "strong sell" rating to a "hold" rating in a research note on Tuesday, April 28th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $45.00.
Read Our Latest Stock Analysis on American Bitcoin
American Bitcoin Price Performance
Shares of ABTC opened at $6.10 on Tuesday. American Bitcoin has a 1-year low of $5.04 and a 1-year high of $217.80. The company has a market capitalization of $432.49 million, a P/E ratio of -0.81 and a beta of 3.81. The firm's 50 day simple moving average is $11.40 and its 200 day simple moving average is $15.97.
American Bitcoin (NASDAQ:ABTC - Get Free Report) last released its quarterly earnings results on Wednesday, May 6th. The company reported ($1.20) EPS for the quarter, missing analysts' consensus estimates of $0.15 by ($1.35). The company had revenue of $62.12 million during the quarter, compared to analysts' expectations of $74.85 million. American Bitcoin had a negative return on equity of 29.72% and a negative net margin of 69.42%.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently bought and sold shares of the business. CWM LLC lifted its holdings in shares of American Bitcoin by 1,031.4% in the 4th quarter. CWM LLC now owns 17,062 shares of the company's stock worth $29,000 after acquiring an additional 15,554 shares during the last quarter. Aptus Capital Advisors LLC purchased a new stake in shares of American Bitcoin in the 4th quarter valued at $33,000. Forty three Eighteen Advisors LLC bought a new position in shares of American Bitcoin during the 4th quarter valued at $34,000. EverSource Wealth Advisors LLC bought a new position in shares of American Bitcoin during the 1st quarter valued at $37,000. Finally, Kitching Partners LLC bought a new position in shares of American Bitcoin during the 4th quarter valued at $37,000. 10.21% of the stock is currently owned by institutional investors.
American Bitcoin Company Profile
(
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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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