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 13, 2025, ABAT stock price declined to $1.85 with 2,820,226 million shares trading.

ABAT has a beta of 1.28, meaning it tends to be more sensitive to market movements. ABAT has a correlation of 0.01 to the broad based SPY ETF.

ABAT has a market cap of $157.74 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 price return of -52.6% while the SPY ETF gained +23.5%. However, in the short term, ABAT had mixed performance relative to the market. It has outperformed in the last 3 months, returning +85.0% vs +1.3% return in SPY. But in the last 2 weeks, ABAT shares have been beat by the market, returning -44.9% compared to an SPY return of -2.3%.

ABAT support price is $1.75 and resistance is $2.33 (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.