Why Invest In American Battery Technology Company (ABAT) Stock?

American Battery Technology Company (NASDAQ:ABAT) has a beta value of 1.51 and has seen 11.23 million shares traded in the last trading session. The company, currently valued at $244.23M, closed the last trade at $2.47 per share which meant it gained $0.34 on the day or 15.96% during that session. The ABAT stock price is -82.59% off its 52-week high price of $4.51 and 70.45% above the 52-week low of $0.73. If we look at the company’s 10-day average daily trading volume, we find that it stood at 19.46 million shares traded. The 3-month trading volume is 3.90 million shares.

American Battery Technology Company (NASDAQ:ABAT) trade information

Sporting 15.96% in the green in last session, the stock has traded in the red over the last five days, with the highest price hit on recent trading when the ABAT stock price touched $2.47 or saw a rise of 39.9%. Year-to-date, American Battery Technology Company shares have moved 0.41%, while the 5-day performance has seen it change -21.34%. Over the past 30 days, the shares of American Battery Technology Company (NASDAQ:ABAT) have changed 167.17%. Short interest in the company has seen 6.14 million shares shorted with days to cover at 14.57.

American Battery Technology Company (ABAT) estimates and forecasts

The company’s shares have gained 144.55% over the past 6 months.

If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was -55.75% over the past 5 years.

ABAT Dividends

American Battery Technology Company is expected to release its next earnings report in February this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.

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

Insiders own 5.76% of the company shares, while shares held by institutions stand at 7.41% with a share float percentage of 7.86%. Investors are also buoyed by the number of investors in a company, with American Battery Technology Company having a total of 67.0 institutions that hold shares in the company.