Last Updated: 09 Nov 2024
Executive Summary
American Battery Technology Company (ABAT) is a battery materials company headquartered in Reno, Nevada. The company has a market capitalization of $72.21 million and is traded on the NASDAQ exchange. ABAT's latest stock price is $0.99.
Company Overview
ABAT is a battery materials company that is focused on the development and production of advanced battery materials for use in electric vehicles and other applications. The company's primary product is a silicon anode material that is designed to improve the performance and lifespan of lithium-ion batteries. ABAT is also developing other battery materials, such as a cathode material that is designed to increase the energy density of lithium-ion batteries.
Fundamental Analysis
ABAT's financial performance has been mixed in recent years. The company has reported losses in each of the past three fiscal years. However, ABAT's revenue has grown significantly in recent quarters. In the most recent quarter, ABAT reported revenue of $343,500, up from $0 in the same quarter last year.
ABAT's financial ratios are also mixed. The company has a negative profit margin and a negative return on assets. However, ABAT's book value is positive and the company has no debt.
Technical Analysis
ABAT's stock price has been in a downtrend in recent months. The stock price has fallen from a high of $6.45 in January 2023 to a low of $0.75 in July 2023. The stock price is currently trading at $0.99.
ABAT's technical indicators are also bearish. The stock's 50-day moving average is below its 200-day moving average. The stock's relative strength index (RSI) is below 30, which indicates that the stock is oversold.
Short Term Outlook
ABAT's short-term outlook is bearish. The stock price is in a downtrend and the technical indicators are bearish. The stock is likely to continue to decline in the short term.
Long Term Outlook
ABAT's long-term outlook is uncertain. The company has a strong technology platform and a growing market opportunity. However, the company is also facing significant competition from larger and more established companies. ABAT's long-term success will depend on its ability to execute its business plan and compete effectively in the market.
Analyst Recommendations
Analysts are divided on ABAT's stock. Two analysts have a buy rating on the stock, while zero analysts have a strong buy rating. Zero analysts have a hold rating on the stock, while zero analysts have a sell rating. Zero analysts have a strong sell rating on the stock.
The average analyst target price for ABAT is $9.00. This target price represents a potential upside of 801.01% from the current stock price.
