Key Points
- COO Steven Wu sold 12,333 shares on Dec. 4 at an average price of $4.05 for $49,948.65, trimming his position by 4.13% to 286,236 shares worth about $1.16M (disclosed in an SEC filing).
- Company fundamentals and sentiment remain weak: ABAT reported a $0.09 loss per share on $0.94M revenue, has negative margins and a negative PE, trades near $4.23 with a $549.8M market cap, and carries a consensus "Sell" rating from analysts.
American Battery Technology Company (NASDAQ:ABAT - Get Free Report) COO Steven Wu sold 12,333 shares of the firm's stock in a transaction that occurred on Thursday, December 4th. The stock was sold at an average price of $4.05, for a total transaction of $49,948.65. Following the completion of the transaction, the chief operating officer owned 286,236 shares in the company, valued at $1,159,255.80. This represents a 4.13% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.
American Battery Technology Stock Up 1.9%
Shares of American Battery Technology stock opened at $4.23 on Tuesday. The company's fifty day simple moving average is $4.92 and its two-hundred day simple moving average is $3.17. American Battery Technology Company has a 12-month low of $0.83 and a 12-month high of $11.49. The firm has a market cap of $549.77 million, a PE ratio of -8.29 and a beta of -1.41.
American Battery Technology (NASDAQ:ABAT - Get Free Report) last posted its earnings results on Thursday, November 6th. The company reported ($0.09) earnings per share for the quarter. The firm had revenue of $0.94 million for the quarter. American Battery Technology had a negative return on equity of 59.93% and a negative net margin of 902.69%.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently made changes to their positions in the company. ProShare Advisors LLC purchased a new stake in American Battery Technology in the second quarter worth $27,000. Goldman Sachs Group Inc. bought a new stake in shares of American Battery Technology during the 1st quarter valued at $27,000. Creative Planning grew its position in shares of American Battery Technology by 35.8% in the 2nd quarter. Creative Planning now owns 18,958 shares of the company's stock worth $31,000 after buying an additional 5,000 shares during the period. Police & Firemen s Retirement System of New Jersey bought a new position in shares of American Battery Technology in the 2nd quarter worth about $36,000. Finally, Cetera Investment Advisers lifted its position in American Battery Technology by 67.2% during the 2nd quarter. Cetera Investment Advisers now owns 22,117 shares of the company's stock valued at $36,000 after acquiring an additional 8,886 shares during the period. Hedge funds and other institutional investors own 9.88% of the company's stock.
Wall Street Analysts Forecast Growth
Several equities analysts have recently issued reports on the company. Wall Street Zen cut American Battery Technology from a "hold" rating to a "sell" rating in a research note on Sunday, October 19th. Weiss Ratings reissued a "sell (d-)" rating on shares of American Battery Technology in a research report on Monday, December 1st. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock presently has a consensus rating of "Sell".
Get Our Latest Stock Report on ABAT
About American Battery Technology
(
Get Free Report)
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.
Further Reading
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