American Battery Technology Company (NASDAQ: ABAT) Forecasts And Short-Term Estimates

In the latest trading session, 0.56 million American Battery Technology Company (NASDAQ:ABAT) shares changed hands as the company’s beta touched 1.43. With the company’s most recent per share price at $0.91 changed hands at -$0.05 or -5.54% at last look, the market valuation stands at $76.76M. ABAT’s current price is a discount, trading about -351.65% 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 19.78% up since then. When we look at American Battery Technology Company’s average trading volume, we note the 10-day average is 1.16 million shares, with the 3-month average coming to 2.11 million.

American Battery Technology Company (NASDAQ:ABAT) trade information

Instantly ABAT was in red as seen in intraday trades today. With action -11.97%, the performance over the past five days has been red. The company’s shares are showing year-to-date downside of -63.14%, with the 5-day performance at -11.97% in the red. However, in the 30-day time frame, American Battery Technology Company (NASDAQ:ABAT) is -10.23% down. Looking at the short shares, we see there were 6.22 million shares sold at short interest cover period of 5.44 days.

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

If we look at who the major shareholders are, we find that insiders hold 5.24% of American Battery Technology Company shares while 8.32% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 8.78%. There are 8.32% institutions holding the American Battery Technology Company stock share, with BLACKROCK INC. the top institutional holder. As of 2024-06-30, the company held 1.4931% of the shares, roughly 0.78 million ABAT shares worth $0.97 million.

GEODE CAPITAL MANAGEMENT, LLC holds the second largest percentage of outstanding shares, with 1.1634% or 0.6 million shares worth $0.76 million as of 2024-06-30.

Among Mutual Funds, the top two as of Dec 31, 2024 were VANGUARD INDEX FUNDS-Vanguard Total Stock Market Index Fund and VANGUARD INDEX FUNDS-Vanguard Extended Market Index Fund. With 1.7 shares estimated at $1.63 million under it, the former controlled 0.25% of total outstanding shares. On the other hand, VANGUARD INDEX FUNDS-Vanguard Extended Market Index Fund held about 0.11% of the shares, roughly 755.36 shares worth around $0.73 million.