BATT Stock Summary and Trading Ideas (Amplify Lithium & Battery Technology ETF | ARCA:BATT)

BATT is a portfolio of companies generating significant revenue from the development, production and use of lithium battery technology, including: 1) battery storage solutions, 2) battery metals & materials, and 3) electric vehicles. BATT seeks investment results that correspond generally to the EQM Lithium & Battery Technology Index.

Amplify Lithium & Battery Technology ETF trades on the ARCA stock market under the symbol BATT.

As of April 15, 2024, BATT stock price declined to $9.19 with 14,144 million shares trading.

BATT has a beta of 1.18, meaning it tends to be more sensitive to market movements. BATT has a correlation of 0.31 to the broad based SPY ETF.

BATT has a market cap of $85.47 million. This is considered a Micro Cap stock.

In the last 3 years, BATT stock traded as high as $20.78 and as low as $8.56.

BATT has underperformed the market in the last year with a return of -23.8%, while the SPY ETF gained +25.3%. In the last 3 month period, BATT fell short of the market, returning -4.8%, while SPY returned +6.2%. However, in the most recent 2 weeks BATT has outperformed the stock market by returning -2.8%, while SPY returned -3.6%.

BATT support price is $9.13 and resistance is $9.38 (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 BATT stock will trade within this expected range on the day.