American Battery Technology Company [ABAT] stock prices are up 2.05% to $2.49 at the moment. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The ABAT shares have gain 11.16% over the last week, with a monthly amount drifted -1.97%, and not seem to be holding up well over a long-time horizon.
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On 22, February 2024, American Battery Technology Company Added to MSCI Micro-Cap Index. In a post published today on Yahoo Finance, The company to engage members of the financial community and industry leaders in several upcoming investor conferences.
From an analyst’s perspective:
The stock price of American Battery Technology Company [ABAT] has been fluctuating between $1.70 and $21.75 over the past year. American Battery Technology Company [NASDAQ: ABAT] shares were valued at $2.49 at the most recent close of the market.
Analyzing the ABAT fundamentals
To continue investigating profitability, this company’s Return on Assets is posted at -0.31, Equity is -0.47 and Total Capital is -0.43. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.32.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 2.38 points at the first support level, and at 2.26 for the second support level. However, for the 1st resistance point, the stock is sitting at 2.68, and for the 2nd resistance point, it is at 2.86.
American Battery Technology Company [ABAT] reported earnings per share of -$0.21 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of -$0.06/share, meaning a difference of -$0.15 and a surprise factor of -250.00%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were -$0.16 per share as compared to estimates of -$0.09 per share, a difference of -$0.07 representing a surprise of -77.80%.
Ratios To Look Out For
It’s worth pointing out that American Battery Technology Company [NASDAQ:ABAT]’s Current Ratio is 0.52. Also, the Quick Ratio is 0.49, while the Cash Ratio stands at 0.23.
Transactions by insiders
We now turn our attention to insider trading, which in the past 3 months has resulted in 1 insider buyings of 2,412 shares and 1 insider sellings of 811 shares.
