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 November 8, 2024, ABAT stock price climbed to $0.99 with 308,790 million shares trading.

ABAT has a beta of 1.46, meaning it tends to be more sensitive to market movements. ABAT has a correlation of 0.06 to the broad based SPY ETF.

ABAT has a market cap of $71.58 million. This is considered a Micro Cap stock.

Last quarter American Battery Technology Company reported $343,500 in Revenue and -$.23 earnings per share. This fell short of revenue expectation by $-5 million and missed earnings estimates by -$.12.

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 -76.9% while the SPY ETF gained +38.5%. ABAT has also underperformed the stock market ETF in the last 3 month and 2 week periods returning +1.9% and -1.6%, respectively, while the SPY returned +15.7% and +3.3%, respectively.

ABAT support price is $.96 and resistance is $1.01 (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.