American Battery Technology (NASDAQ:ABAT) Stock Price Up 10.8% – Should You Buy?

American Battery Technology Company (NASDAQ:ABAT)’s stock price traded up 10.8% during trading on Thursday . The stock traded as high as $4.18 and last traded at $4.1550. 3,826,372 shares traded hands during trading, a decline of 35% from the average session volume of 5,886,232 shares. The stock had previously closed at $3.75.

Analyst Ratings Changes

A number of analysts have recently weighed in on the company. Weiss Ratings reiterated a “sell (d-)” rating on shares of American Battery Technology in a research report on Monday. Wall Street Zen downgraded American Battery Technology from a “hold” rating to a “sell” rating in a research note on Sunday, October 19th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock has an average rating of “Sell”.

American Battery Technology Trading Up 11.6%

The stock has a market capitalization of $543.92 million, a price-to-earnings ratio of -8.28 and a beta of -1.42. The firm has a 50-day moving average of $4.94 and a 200 day moving average of $3.09.

American Battery Technology (NASDAQ:ABAT) last issued its quarterly earnings results on Thursday, November 6th. The company reported ($0.09) EPS for the quarter. The business had revenue of $0.94 million for the quarter. American Battery Technology had a negative net margin of 902.69% and a negative return on equity of 59.93%.

Institutional Investors Weigh In On American Battery Technology

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. XTX Topco Ltd bought a new stake in American Battery Technology in the first quarter worth about $144,000. Goldman Sachs Group Inc. purchased a new position in American Battery Technology during the 1st quarter worth approximately $27,000. ProShare Advisors LLC acquired a new position in shares of American Battery Technology in the 2nd quarter valued at about $27,000. Police & Firemen s Retirement System of New Jersey purchased a new stake in American Battery Technology in the 2nd quarter worth approximately $36,000. Finally, Charles Schwab Investment Management Inc. acquired a new stake in American Battery Technology during the first quarter valued at $71,000. Institutional investors own 9.88% of the company’s stock.

American Battery Technology Company Profile

American Battery Technology Company operates as a battery materials company. The company explores for resources of battery metals, such as such as lithium, nickel, cobalt, and manganese; and develops and commercializes technologies for the extraction of battery metals, as well as commercializes integrated process for the recycling of lithium-ion batteries.