Key Points
- Scott Jolcover sold 17,500 shares of American Battery Technology on December 16 at an average price of $3.88 for $67,900, trimming his position by 5.16% to 321,424 shares (≈$1.25M).
- The company reported weak fundamentals last quarter with EPS of ($0.09), a negative ROE of 59.93% and net margin of -902.69% on revenue of $0.94M, while the stock trades within a 52-week range of $0.86–$11.49 and a market cap of about $490M.
- Large investors have recently increased stakes (e.g., Millennium, Geode, Vanguard) but institutional ownership is only ~9.9%, and analyst coverage is negative with a consensus "Sell" rating.
American Battery Technology Company (NASDAQ:ABAT - Get Free Report) insider Scott Jolcover sold 17,500 shares of American Battery Technology stock in a transaction on Tuesday, December 16th. The shares were sold at an average price of $3.88, for a total value of $67,900.00. Following the completion of the transaction, the insider owned 321,424 shares of the company's stock, valued at approximately $1,247,125.12. The trade was a 5.16% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.
American Battery Technology Stock Performance
Shares of ABAT stock opened at $3.77 on Friday. American Battery Technology Company has a 52 week low of $0.86 and a 52 week high of $11.49. The stock has a market capitalization of $489.99 million, a PE ratio of -7.39 and a beta of -1.42. The stock's fifty day moving average is $4.69 and its 200-day moving average is $3.29.
American Battery Technology (NASDAQ:ABAT - Get Free Report) last issued its quarterly earnings results on Thursday, November 6th. The company reported ($0.09) earnings per share (EPS) for the quarter. American Battery Technology had a negative return on equity of 59.93% and a negative net margin of 902.69%.The company had revenue of $0.94 million for the quarter.
Hedge Funds Weigh In On American Battery Technology
Several large investors have recently bought and sold shares of ABAT. Millennium Management LLC raised its position in shares of American Battery Technology by 8,555.4% during the 3rd quarter. Millennium Management LLC now owns 1,205,614 shares of the company's stock valued at $5,859,000 after acquiring an additional 1,191,685 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of American Battery Technology by 113.8% in the 2nd quarter. Geode Capital Management LLC now owns 1,935,526 shares of the company's stock worth $3,136,000 after purchasing an additional 1,030,323 shares during the last quarter. Vanguard Group Inc. grew its stake in shares of American Battery Technology by 18.7% during the third quarter. Vanguard Group Inc. now owns 5,277,095 shares of the company's stock worth $25,647,000 after purchasing an additional 829,609 shares during the period. Soviero Asset Management LP acquired a new stake in shares of American Battery Technology during the third quarter worth $3,062,000. Finally, Raymond James Financial Inc. increased its holdings in American Battery Technology by 833.3% in the third quarter. Raymond James Financial Inc. now owns 396,125 shares of the company's stock valued at $1,925,000 after purchasing an additional 353,681 shares during the last quarter. 9.88% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
ABAT has been the topic of several research analyst reports. Wall Street Zen cut shares of American Battery Technology from a "hold" rating to a "sell" rating in a research note on Sunday, October 19th. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of American Battery Technology in a report on Monday, December 8th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company presently has a consensus rating of "Sell".
View Our Latest Report on ABAT
American Battery Technology Company Profile
(
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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