8-May-2024
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What's Going On With Mining Giant BHP Shares Today?
Benzinga (Wed, 8-May 12:08 PM ET)
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 May 8, 2024, BATT stock price declined to $9.41 with 38,852 million shares trading.
BATT has a beta of 1.19, meaning it tends to be more sensitive to market movements. BATT has a correlation of 0.33 to the broad based SPY ETF.
BATT has a market cap of $87.51 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 stock has underperformed the market in the last year with a return of -21.9%, while SPY returned +27.0%. This shows that you would have done better investing in the overall market (through SPY) over the last year than in BATT shares. However, BATT has outperformed the market in the last 3 month and 2 week periods, returning +6.7% and +6.3%, while SPY returned +4.2% and +2.3%, respectively. This indicates BATT has been having a stronger performance recently.
BATT support price is $9.37 and resistance is $9.69 (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.