ABAT Stock Summary and Trading Ideas (American Battery Technology Company | NASDAQ:ABAT)

American Battery Technology Co is engaged in lithium-ion battery recycling, battery metals and material extraction, and resource production. It is a battery metals company producing low-cost battery metals with a commitment to closed-loop, clean energy technologies.

American Battery Technology Company trades on the NASDAQ stock market under the symbol ABAT.

As of January 2, 2025, ABAT stock price declined to $2.13 with 8,459,689 million shares trading.

ABAT has a beta of 0.88, meaning it tends to be less sensitive to market movements. ABAT has a correlation of 0.01 to the broad based SPY ETF.

ABAT has a market cap of $181.62 million. This is considered a Micro Cap stock.

Last quarter American Battery Technology Company reported $201,960 in Revenue and -$.17 earnings per share. This fell short of revenue expectation by $-11 million and missed earnings estimates by -$.08.

The top ETF exchange traded funds that ABAT belongs to (by Net Assets): VTI, VXF, IWC, SETM.

ABAT has underperformed the market in the last year with a return of -54.6%, while SPY returned +24.5%. This shows that you would have done better investing in the overall market (through SPY) over the last year than in ABAT shares. However, ABAT has outperformed the market in the last 3 month and 2 week periods, returning +99.1% and +147.7%, while SPY returned +2.2% and -2.9%, respectively. This indicates ABAT has been having a stronger performance recently.

ABAT support price is $2.19 and resistance is $2.73 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that ABAT shares will trade within this expected range on the day.