American Battery Technology Company (NASDAQ: ABAT)’s Potential for Significant Price Increase in the Near Future

In the last trading session, 2.96 million American Battery Technology Company (NASDAQ:ABAT) shares changed hands as the company’s beta touched 1.42. With the company’s per share price at $1.62 changed hands at $0.24 or 17.39% during last session, the market valuation stood at $138.13M. ABAT’s last price was a discount, traded about -153.7% off its 52-week high of $4.11. The share price had its 52-week low at $0.73, which suggests the last value was 54.94% up since then. When we look at American Battery Technology Company’s average trading volume, we note the 10-day average is 3.07 million shares, with the 3-month average coming to 5.29 million.

American Battery Technology Company (NASDAQ:ABAT) trade information

Instantly ABAT was in green as seen at the end of in last trading. With action 14.89%, the performance over the past five days has been green. The company’s shares are showing year-to-date downside of -34.15%, with the 5-day performance at 14.89% in the green. However, in the 30-day time frame, American Battery Technology Company (NASDAQ:ABAT) is -40.22% down. Looking at the short shares, we see there were 6.14 million shares sold at short interest cover period of 14.57 days.

Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of -55.75%.

ABAT Dividends

American Battery Technology Company is expected to release its next quarterly earnings report in March.

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

If we look at who the major shareholders are, we find that insiders hold 5.76% of American Battery Technology Company shares while 7.41% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 7.86%.

Among Mutual Funds, the top two as of Sep 30, 2024 were Vanguard Total Stock Market Index Fund and Vanguard Extended Market Index Fund . With 1.7 shares estimated at $2.76 million under it, the former controlled 0.25% of total outstanding shares. On the other hand, Vanguard Extended Market Index Fund held about 0.11% of the shares, roughly 755.36 shares worth around $1.22 million.