Abits Group Inc (NASDAQ: ABTS) Stock: Can It Go Higher?

In the last trading session, 0.13 million shares of the Abits Group Inc (NASDAQ:ABTS) were traded, and its beta was 2.65. Most recently the company’s share price was $0.56, and it changed around $0.05 or 10.34% from the last close, which brings the market valuation of the company to $20.00M. ABTS currently trades at a discount to its 52-week high of $1.13, offering almost -101.79% off that amount. The share price’s 52-week low was $0.38, which indicates that the current value has risen by an impressive 32.14% since then. We note from Abits Group Inc’s average daily trading volume that its 10-day average is 0.12 million shares, with the 3-month average coming to 267.58K.

Abits Group Inc (NASDAQ:ABTS) trade information

Instantly ABTS has showed a green trend with a performance of 10.34% at the end of last trading. The performance over the last five days has remained in the green territory. The rise to weekly highs of 0.5966 on recent trading dayincreased the stock’s daily price by 6.13%. The company’s shares are currently down -18.33% year-to-date, but still up 24.99% over the last five days. On the other hand, Abits Group Inc (NASDAQ:ABTS) is 8.19% up in the 30-day period. We can see from the shorts that 0.34 million shares have been sold at a short interest cover period of 0.8 day(s).

Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 11.11%.

ABTS Dividends

Abits Group Inc’s next quarterly earnings report is expected to be released in February.

The former held 15.64 shares worth $8797.0, making up 0.04% of all outstanding shares.