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 27, 2025, ABAT stock price declined to $1.32 with 3,377,291 million shares trading.

ABAT has a beta of 0.89, 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 $112.55 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, AVSC.

ABAT has underperformed the market in the last year with a price return of -51.3% while the SPY ETF gained +24.9%. However, in the short term, ABAT had mixed performance relative to the market. It has outperformed in the last 3 months, returning +30.7% vs +3.8% return in SPY. But in the last 2 weeks, ABAT shares have been beat by the market, returning -35.3% compared to an SPY return of +3.3%.

ABAT support price is $1.23 and resistance is $1.59 (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.