HC Wainwright Lowers Earnings Estimates for American Bitcoin

Key Points

• HC Wainwright cut its FY2026 EPS estimate for American Bitcoin from $1.24 to a loss of $0.03 per share, while maintaining a Buy rating and $22 price target.
• The company reported quarterly EPS of $1.73, below the $2.86 consensus, and revenue of $63.35 million versus expectations of $72.70 million.
• Analyst opinions are mixed: MarketBeat reports an average “Moderate Buy” rating and a consensus price target of $27.50.

American Bitcoin Corp. (NASDAQ:ABTC - Free Report) - Investment analysts at HC Wainwright cut their FY2026 earnings estimates for American Bitcoin in a research report issued on Thursday, November 5th. HC Wainwright analyst M. Colonnese now expects that the company will post earnings per share of ($0.03) for the year, down from their previous forecast of $1.24. HC Wainwright currently has a "Buy" rating and a $22.00 target price on the stock. The consensus estimate for American Bitcoin's current full-year earnings is ($0.03) per share.

American Bitcoin (NASDAQ:ABTC - Get Free Report) last released its earnings results on Wednesday, November 4th. The company reported $1.73 EPS for the quarter, missing analysts' consensus estimates of $2.86 by ($1.13). American Bitcoin had a negative return on equity of 10.23% and a negative net margin of 26.74%. The company had revenue of $63.35 million for the quarter, compared to analysts' expectations of $72.70 million.

Other equities research analysts have also issued reports about the company. Maxim Group set a $16.00 price objective on American Bitcoin and gave the stock a "buy" rating in a research note on Monday, October 12th. Zacks Research upgraded American Bitcoin to a "hold" rating in a research report on Tuesday, October 13th. BTIG Research decreased their target price on American Bitcoin from $15.00 to $12.00 and set a "buy" rating on the stock in a research report on Thursday. Weiss Ratings reaffirmed a "sell (d)" rating on shares of American Bitcoin in a research note on Monday, September 21st. Finally, Wall Street Zen upgraded American Bitcoin from a "sell" rating to a "hold" rating in a research report on Saturday. Four investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $27.50.

American Bitcoin Stock Performance

Shares of American Bitcoin stock opened at $5.35 on Monday. The firm has a market capitalization of $389.59 million, a PE ratio of -4.06 and a beta of 4.09. American Bitcoin has a twelve month low of $4.91 and a twelve month high of $80.35. The firm's 50-day moving average price is $8.09 and its 200 day moving average price is $12.20.

Hedge Funds Weigh In On American Bitcoin

Several hedge funds and other institutional investors have recently modified their holdings of the business. Bank of New York Mellon Corp acquired a new position in American Bitcoin during the second quarter worth about $273,000. Maripau Wealth Management LLC purchased a new stake in American Bitcoin during the 1st quarter valued at about $38,000. J. Derek Lewis & Associates Inc. raised its holdings in American Bitcoin by 204.3% in the 1st quarter. J. Derek Lewis & Associates Inc. now owns 70,000 shares of the company's stock valued at $65,000 after acquiring an additional 47,000 shares during the last quarter. Yu Fan acquired a new stake in American Bitcoin in the 1st quarter valued at about $285,000. Finally, EverSource Wealth Advisors LLC acquired a new stake in American Bitcoin in the 1st quarter valued at about $37,000. 10.21% of the stock is owned by hedge funds and other institutional investors.

Key Headlines Impacting American Bitcoin

Here are the key news stories impacting American Bitcoin this week:

• Positive Sentiment: American Bitcoin reported about $126 million in third-quarter net income and $221 million in adjusted EBITDA, and grew its Bitcoin holdings to 8,427 BTC. The larger reserve gives the company substantial exposure to Bitcoin prices. Article: Eric Trump’s American Bitcoin Banks $126M Profit—But ABTC Shares Dive
• Neutral Sentiment: The $126 million profit was driven chiefly by gains in the value of Bitcoin holdings, making it less indicative of recurring mining profitability. Article: Trump-linked American Bitcoin swings to $126 million profit but misses revenue estimates
• Negative Sentiment: Revenue of roughly $63.4 million fell short of expectations of $72.7 million. Mining costs also rose while production declined, weighing on the operating outlook; coverage reported a sharp post-results share-price drop. Article: American Bitcoin (ABTC) Stock Drops 15% After Trump-Linked Miner Misses Revenue Target
• Negative Sentiment: HC Wainwright cut its estimates for multiple 2027 quarters and lowered its full-year 2027 EPS forecast from $1.64 to $1.46. It maintained a Buy rating and $22 target, but the reductions reinforce concerns about near-term earnings. MarketBeat analyst estimates

American Bitcoin Company Profile

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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