American Battery Technology Company (NASDAQ: ABAT): Can The Stock Still Lose Despite An -78.04% YTD Loss?

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American Battery Technology Company (NASDAQ:ABAT)’s traded shares stood at 0.64 million during the last session, with the company’s beta value hitting 1.86. At the close of trading, the stock’s price was $1.03, to imply an increase of 4.90% or $0.05 in intraday trading. The ABAT share’s 52-week high remains $8.00, putting it -676.7% down since that peak but still an impressive 27.18% since price per share fell to its 52-week low of $0.75. The company has a valuation of $74.21M, with an average of 1.86 million shares in intraday trading volume over the past 10 days and average of 581.00K shares over the past 3 months.

American Battery Technology Company (NASDAQ:ABAT) trade information

After registering a 4.90% upside in the last session, American Battery Technology Company (ABAT) has traded red over the past five days. The 5-day price performance for the stock is 5.07%, and -1.90% over 30 days. With these gigs, the year-to-date price performance is -78.04%. Short interest in American Battery Technology Company (NASDAQ:ABAT) saw shorts transact 4.73 million shares and set a 21.36 days time to cover.

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American Battery Technology Company (ABAT) estimates and forecasts

Revenue is forecast to grow 43.80% this quarter before jumping 71.40% for the next one. The rating firms project that company’s revenue will grow 28,571.50% compared to the previous financial year.

Revenue forecast for the current quarter as set by 2 analysts is 11.7M. Meanwhile, for the current quarter, a total of 2 analyst(s) estimate revenue growth to 20.05M.

ABAT Dividends

American Battery Technology Company has its next earnings report out on 2024-Nov-12. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too.

American Battery Technology Company (NASDAQ:ABAT)’s Major holders

American Battery Technology Company insiders hold 3.20% of total outstanding shares, with institutional holders owning 7.50% of the shares at 7.75% float percentage. In total, 7.50% institutions holds shares in the company.