American Battery Technology (NASDAQ:ABAT - Get Free Report) posted its quarterly earnings results on Monday. The company reported ($0.15) EPS for the quarter, Zacks reports. American Battery Technology had a negative return on equity of 63.85% and a negative net margin of 390.48%.

American Battery Technology Price Performance

• 3 Stocks to Benefit From China’s Rare Earth Export Ban on U.S.

Shares of ABAT stock opened at $2.47 on Monday. The business's 50 day simple moving average is $2.49 and its 200 day simple moving average is $2.95. The stock has a market capitalization of $336.93 million, a PE ratio of -4.75 and a beta of 0.32. American Battery Technology has a one year low of $2.00 and a one year high of $11.49.

Wall Street Analyst Weigh In

Separately, Weiss Ratings raised American Battery Technology from a "sell (e+)" rating to a "sell (d-)" rating in a report on Monday, June 29th. One research analyst has rated the stock with a Strong Buy rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $6.00.

View Our Latest Stock Report on ABAT

Hedge Funds Weigh In On American Battery Technology

A number of hedge funds have recently bought and sold shares of ABAT. Police & Firemen s Retirement System of New Jersey boosted its holdings in American Battery Technology by 8.9% in the 4th quarter. Police & Firemen s Retirement System of New Jersey now owns 32,455 shares of the company's stock worth $108,000 after buying an additional 2,666 shares during the period. Deutsche Bank AG raised its holdings in American Battery Technology by 4.3% during the 4th quarter. Deutsche Bank AG now owns 80,147 shares of the company's stock valued at $268,000 after acquiring an additional 3,305 shares during the period. Osaic Holdings Inc. raised its holdings in American Battery Technology by 8.5% during the 2nd quarter. Osaic Holdings Inc. now owns 57,541 shares of the company's stock valued at $93,000 after acquiring an additional 4,502 shares during the period. Creative Planning lifted its position in shares of American Battery Technology by 35.8% during the second quarter. Creative Planning now owns 18,958 shares of the company's stock worth $31,000 after acquiring an additional 5,000 shares in the last quarter. Finally, Mariner LLC lifted its position in shares of American Battery Technology by 19.6% during the fourth quarter. Mariner LLC now owns 30,482 shares of the company's stock worth $102,000 after acquiring an additional 5,000 shares in the last quarter. 9.88% of the stock is owned by hedge funds and other institutional investors.

American Battery Technology Company Profile

(Get Free Report)

American Battery Technology Company NASDAQ: ABAT is a U.S.-based company focused on developing domestic supply chain solutions for critical battery metals. The company's core activities span from exploration and extraction of lithium resources to the design and operation of recycling facilities targeted at end-of-life batteries and manufacturing scrap. By integrating upstream resource development with downstream recycling, ABAT aims to create a closed-loop system that bolsters North American battery manufacturing.

On the resource side, American Battery Technology holds lithium claystone claims in Nevada's Clayton Valley and is advancing a pilot direct-extraction facility designed to recover lithium and other valuable metals from brines.

Further Reading

• Five stocks we like better than American Battery Technology
• Intel’s Price Hikes Could Put $120 Back in Play
• Blue-Chip Stocks Are Looking Anything But Boring With Dividends and Big 2026 Gains
• Digging for Value: Alpha Metallurgical Resources Insider Buys Big
• Smart Money Shifts: U.S. Bancorp Pairs Tech With Yield

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Should You Invest $1,000 in American Battery Technology Right Now?

Before you consider American Battery Technology, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and American Battery Technology wasn't on the list.

While American Battery Technology currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here