A share price of American Battery Technology Company [ABAT] is currently trading at $1.03, up 4.90%. 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 5.07% over the last week, with a monthly amount drifted -1.90%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
American Battery Technology Company [NASDAQ: ABAT] stock has seen the most recent analyst activity on March 27, 2024, when Northland Capital initiated its Outperform rating and assigned the stock a price target of $6.
American Battery Technology Company experienced fluctuations in its stock price throughout the past year between $0.75 and $8.00. American Battery Technology Company [NASDAQ: ABAT] shares were valued at $1.03 at the most recent close of the market.
Analyzing the ABAT fundamentals
Gross Profit Margin for this corporation currently stands at 0.43% with Operating Profit Margin at -116.98%, Pretax Profit Margin comes in at -145.43%, and Net Profit Margin reading is -145.43%. To continue investigating profitability, this company’s Return on Assets is posted at -0.64, Equity is -0.78 and Total Capital is -0.65. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.11.
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 0.9883 points at the first support level, and at 0.9465 for the second support level. However, for the 1st resistance point, the stock is sitting at 1.0559, and for the 2nd resistance point, it is at 1.0817.
Ratios To Look Out For
To put it in perspective, the Current Ratio for American Battery Technology Company [NASDAQ:ABAT] is 1.17. Also, the Quick Ratio is 1.16, while the Cash Ratio stands at 0.44. Considering the valuation of this stock, the price to sales ratio is 218.27, the price to book ratio is 1.07.
