Should I buy or sell American Battery Technology stock right now?

1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for American Battery Technology in the last year. There are currently 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should "buy" ABAT shares. View ABAT analyst ratings or view top-rated stocks .

What is American Battery Technology's stock price target for 2024?

1 equities research analysts have issued 1 year price objectives for American Battery Technology's stock. Their ABAT share price targets range from $6.00 to $6.00. On average, they predict the company's share price to reach $6.00 in the next twelve months. This suggests a possible upside of 347.8% from the stock's current price. View analysts price targets for ABAT or view top-rated stocks among Wall Street analysts .

How have ABAT shares performed in 2024?

American Battery Technology's stock was trading at $4.69 on January 1st, 2024. Since then, ABAT shares have decreased by 71.4% and is now trading at $1.34. View the best growth stocks for 2024 here .

Are investors shorting American Battery Technology?

American Battery Technology saw a increase in short interest in the month of March. As of March 31st, there was short interest totaling 4,580,000 shares, an increase of 6.5% from the March 15th total of 4,300,000 shares. Based on an average daily volume of 779,200 shares, the short-interest ratio is presently 5.9 days. Currently, 8.6% of the company's shares are short sold. View American Battery Technology's Short Interest .

When is American Battery Technology's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 8th 2024. View our ABAT earnings forecast .

How were American Battery Technology's earnings last quarter?

American Battery Technology (NASDAQ:ABAT) announced its quarterly earnings results on Wednesday, February, 14th. The company reported ($0.19) earnings per share for the quarter.

How do I buy shares of American Battery Technology?

Shares of ABAT stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here .

NASDAQ:ABAT

American Battery Technology (ABAT) Stock Price, News & Analysis

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$1.34

-0.02 (-1.47%)

(As of 04/19/2024 ET)

Compare

Today's Range: $1.33
▼
$1.38
50-Day Range: $1.36
▼
$2.49
52-Week Range: $1.21
▼
$14.10

Volume: 349,034 shs
Average Volume: 739,453 shs
Market Capitalization: $69.52 million

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $6.00

Get American Battery Technology alerts:

American Battery Technology MarketRank™ Stock Analysis

Analyst Rating: Buy
3.00 Rating Score
Upside/Downside: 347.8% Upside
$6.00 Price Target
Short Interest: Bearish
8.59% of Float Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: 0.32
Based on 3 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: N/A

Overall MarketRank^™

New Rank-Based ScoringMarketRank^™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

1.20 out of 5 stars

Computer And Technology Sector

535th out of 585 stocks

Mining & Quarrying Of Nonmetallic Minerals, Except Fuels Industry

16th out of 17 stocks

3.5

Analyst's Opinion

Consensus Rating
American Battery Technology has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 1 buy rating, no hold ratings, and no sell ratings.
Amount of Analyst Coverage
American Battery Technology has only been the subject of 1 research reports in the past 90 days.

1.0

Short Interest

Percentage of Shares Shorted
8.59% of the float of American Battery Technology has been sold short.
Short Interest Ratio / Days to Cover
American Battery Technology has a short interest ratio ("days to cover") of 5.9.
Change versus previous month
Short interest in American Battery Technology has recently increased by 6.51%, indicating that investor sentiment is decreasing significantly.

0.0

Dividend Strength

Dividend Yield
American Battery Technology does not currently pay a dividend.
Dividend Growth
American Battery Technology does not have a long track record of dividend growth.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for ABAT.

3.0

News and Social Media Coverage

News Sentiment
American Battery Technology has a news sentiment score of 0.32. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.49 average news sentiment score of Computer and Technology companies.
News Coverage This Week
MarketBeat has tracked 3 news articles for American Battery Technology this week, compared to 1 article on an average week.
Search Interest
13 people have searched for ABAT on MarketBeat in the last 30 days. This is an increase of 117% compared to the previous 30 days.
MarketBeat Follows
33 people have added American Battery Technology to their MarketBeat watchlist in the last 30 days. This is an increase of 450% compared to the previous 30 days.

0.0

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, American Battery Technology insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 3.98% of the stock of American Battery Technology is held by insiders.
Percentage Held by Institutions
Only 9.88% of the stock of American Battery Technology is held by institutions.

0.6

Earnings and Valuation

Price to Book Value per Share Ratio
American Battery Technology has a P/B Ratio of 0.99. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

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About American Battery Technology Stock (NASDAQ:ABAT)

American Battery Technology Company operates as a battery materials company. The company explores for resources of battery metals, such as such as lithium, nickel, cobalt, and manganese; and develops and commercializes technologies for the extraction of battery metals, as well as commercializes integrated process for the recycling of lithium-ion batteries. The company was formerly known as American Battery Metals Corporation. American Battery Technology Company was incorporated in 2011 and is headquartered in Reno, Nevada.

ABAT Stock Price History

30 days | 90 days | 365 days | Advanced Chart

ABAT Stock News Headlines

April 16, 2024 | americanbankingnews.com

Short Interest in American Battery Technology (NASDAQ:ABAT) Expands By 6.5%

April 15, 2024 | americanbankingnews.com

Financial Survey: American Battery Technology (NASDAQ:ABAT) & U.S. Silica (NYSE:SLCA)

April 19, 2024 | Altimetry (Ad)

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April 12, 2024 | investing.com

American battery technology CEO acquires warrants, sells shares

April 4, 2024 | prnewswire.com

American Battery Technology Company Awarded Additional $40 Million Competitive Tax Credit to Accelerate Construction of Next Battery Recycling Facility

April 3, 2024 | msn.com

The 3 Best Battery Stocks to Buy in April 2024

April 3, 2024 | prnewswire.com

American Battery Technology Company Awarded $20 Million Tax Credit through Competitive US DOE Process to Advance its Critical Minerals Battery Recycling Facility

March 29, 2024 | prnewswire.com

American Battery Technology Company Appoints Financial Industry Veteran, Susan Yun Lee, to Board of Directors

April 19, 2024 | Altimetry (Ad)

Secret Bull Market Starts in This Unusual Sector

March 14, 2024 | msn.com

Startup claims it has created a battery that doesn't need to be charged for 50 years: 'Absolutely safe'

March 10, 2024 | finance.yahoo.com

ABAT Apr 2024 2.500 put

February 22, 2024 | prnewswire.com

American Battery Technology Company Added to MSCI Micro-Cap Index

February 14, 2024 | prnewswire.com

American Battery Technology Company Releases Second Quarter Fiscal Year 2024 Financial Report

February 5, 2024 | uk.finance.yahoo.com

American Battery Technology Company (ABAT)

January 30, 2024 | finance.yahoo.com

American Battery Technology Company to Host Corporate Overview Presentation to Update Expanded Investment Community Following its Recent Listing on NASDAQ Exchange

January 29, 2024 | markets.businessinsider.com

TD Cowen Downgrades Piedmont; Biden On US Steel Deal; American Battery At Bloomberg Summit And More

January 29, 2024 | finance.yahoo.com

American Battery Technology Company CEO Ryan Melsert Invited as Industry Expert to Discuss Solving Supply Challenges with Battery Recycling at Bloomberg New Energy Finance Summit

January 18, 2024 | finance.yahoo.com

American Battery Technology Company Announces Increased and Upgraded Lithium Resource to Measured and Indicated Classifications for One of the Largest Lithium Projects in the United States

January 15, 2024 | yahoo.com

Need AAs? This $18 battery organizer means 'no more searching in the junk drawer'

January 6, 2024 | uk.investing.com

American Battery Metals Corp USD (ABAT)

January 2, 2024 | msn.com

5E Advanced Materials Begins Boron Mining; Higher Short Interest in American Battery; Unusual BHP Options

January 1, 2024 | benzinga.com

Looking Into American Battery Tech's Recent Short Interest

December 21, 2023 | msn.com

Android phones may finally be getting a battery health indicator

December 21, 2023 | msn.com

Alcoa's New Leadership, American Battery's Lithium Breakthrough And Nucor COO Exercises Options

December 20, 2023 | money.usnews.com

Panasonic Takes Oklahoma Out of Candidate List for New Battery Plant -Nikkei

December 4, 2023 | finance.yahoo.com

American Battery Technology Company Invited to Present at Expert Battery Metals and Recycling Industry Conferences

December 2, 2023 | morningstar.com

American Battery Technology Co

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Company Calendar

Last Earnings: 2/14/2024
Today: 4/19/2024
Next Earnings (Estimated): 5/08/2024
Fiscal Year End: 6/30/2024

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Industry, Sector and Symbol

Stock Exchange: NASDAQ
Sector: Computer and Technology
Industry: Mining & quarrying of nonmetallic minerals, except fuels
Sub-Industry: N/A
Current Symbol: NASDAQ:ABAT
CUSIP: N/A
CIK: 1576873
Web: americanbatterytechnology.com
Phone: 775-473-4744
Fax: N/A
Employees: 54
Year Founded: N/A

Price Target and Rating

Average Stock Price Target: $6.00
High Stock Price Target: $6.00
Low Stock Price Target: $6.00
Potential Upside/Downside: +347.8%
Consensus Rating: Buy
Rating Score (0-4): 3.00
Research Coverage: 1 Analysts

Profitability

EPS (Most Recent Fiscal Year): N/A
Trailing P/E Ratio: N/A
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: $-9,290,000.00
Net Margins: N/A
Pretax Margin: N/A
Return on Equity: -36.74%
Return on Assets: -29.04%

Debt

Debt-to-Equity Ratio: N/A
Current Ratio: 0.52
Quick Ratio: 0.49

Sales & Book Value

Annual Sales: N/A
Price / Sales: N/A
Cash Flow: N/A
Price / Cash Flow: N/A
Book Value: $1.35 per share
Price / Book: 0.99

Miscellaneous

Outstanding Shares: 51,880,000
Free Float: 49,820,000
Market Cap: $69.52 million
Optionable: Optionable
Beta: N/A

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Key Executives

Mr. Ryan Mitchell Melsert (Age 42)
CEO, CTO & Director
Comp: $358.75k
Mr. Jesse Samuel Deutsch (Age 60)
Chief Financial Officer
Comp: $27.78k
Mr. Andres Meza (Age 43)
COO & Secretary to the Board
Comp: $247.92k
Mr. Scott H. Jolcover A.A. (Age 73)
Chief Resource Officer
Comp: $231.88k
Mr. Anthony Young
Director of Investor Relations
Mr. Gregory Kuzma (Age 71)
Chief Geologist & Consultant
Comp: $60k
Mr. Ross Leisinger
Head of Resources
Mr. Doug Hamilton
Head of Policy

Key Competitors

View All Competitors

Institutional Ownership

View All Institutional Transactions

ABAT Stock Analysis - Frequently Asked Questions

Should I buy or sell American Battery Technology stock right now?: 1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for American Battery Technology in the last year. There are currently 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should "buy" ABAT shares.
View ABAT analyst ratings or view top-rated stocks.
What is American Battery Technology's stock price target for 2024?: 1 equities research analysts have issued 1 year price objectives for American Battery Technology's stock. Their ABAT share price targets range from $6.00 to $6.00. On average, they predict the company's share price to reach $6.00 in the next twelve months. This suggests a possible upside of 347.8% from the stock's current price.
View analysts price targets for ABAT or view top-rated stocks among Wall Street analysts.
How have ABAT shares performed in 2024?: American Battery Technology's stock was trading at $4.69 on January 1st, 2024. Since then, ABAT shares have decreased by 71.4% and is now trading at $1.34.
View the best growth stocks for 2024 here.
Are investors shorting American Battery Technology?: American Battery Technology saw a increase in short interest in the month of March. As of March 31st, there was short interest totaling 4,580,000 shares, an increase of 6.5% from the March 15th total of 4,300,000 shares. Based on an average daily volume of 779,200 shares, the short-interest ratio is presently 5.9 days. Currently, 8.6% of the company's shares are short sold.
View American Battery Technology's Short Interest.

When is American Battery Technology's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 8th 2024.
View our ABAT earnings forecast.
How were American Battery Technology's earnings last quarter?: American Battery Technology (NASDAQ:ABAT) announced its quarterly earnings results on Wednesday, February, 14th. The company reported ($0.19) earnings per share for the quarter.
How do I buy shares of American Battery Technology?: Shares of ABAT stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NASDAQ:ABAT) was last updated on 4/19/2024 by MarketBeat.com Staff

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