Contrasting American Battery Technology (ABAT) and Its Peers

American Battery Technology (NASDAQ:ABATGet Free Report) is one of 29 public companies in the “Mining & quarrying of nonmetallic minerals, except fuels” industry, but how does it compare to its peers? We will compare American Battery Technology to related businesses based on the strength of its earnings, risk, dividends, institutional ownership, profitability, analyst recommendations and valuation.

Insider & Institutional Ownership

9.9% of American Battery Technology shares are owned by institutional investors. Comparatively, 59.0% of shares of all “Mining & quarrying of nonmetallic minerals, except fuels” companies are owned by institutional investors. 5.2% of American Battery Technology shares are owned by company insiders. Comparatively, 6.3% of shares of all “Mining & quarrying of nonmetallic minerals, except fuels” companies are owned by company insiders. Strong institutional ownership is an indication that hedge funds, endowments and large money managers believe a stock is poised for long-term growth.

Earnings & Valuation

This table compares American Battery Technology and its peers revenue, earnings per share and valuation.

Gross Revenue Net Income Price/Earnings Ratio
American Battery Technology $340,000.00 -$52.50 million -1.03
American Battery Technology Competitors $2.29 billion $259.64 million 27.39

American Battery Technology’s peers have higher revenue and earnings than American Battery Technology. American Battery Technology is trading at a lower price-to-earnings ratio than its peers, indicating that it is currently more affordable than other companies in its industry.

Risk and Volatility

American Battery Technology has a beta of 2.15, suggesting that its share price is 115% more volatile than the S&P 500. Comparatively, American Battery Technology’s peers have a beta of 1.12, suggesting that their average share price is 12% more volatile than the S&P 500.

Analyst Ratings

This is a summary of recent ratings and recommmendations for American Battery Technology and its peers, as provided by MarketBeat.

Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
American Battery Technology 0 0 1 0 3.00
American Battery Technology Competitors 253 1161 1550 17 2.45

American Battery Technology presently has a consensus target price of $6.00, suggesting a potential upside of 500.00%. As a group, “Mining & quarrying of nonmetallic minerals, except fuels” companies have a potential upside of 12.95%. Given American Battery Technology’s stronger consensus rating and higher probable upside, equities research analysts plainly believe American Battery Technology is more favorable than its peers.

Profitability

This table compares American Battery Technology and its peers’ net margins, return on equity and return on assets.

Net Margins Return on Equity Return on Assets
American Battery Technology N/A -61.72% -46.74%
American Battery Technology Competitors -1.65% 14.93% 3.98%

Summary

American Battery Technology peers beat American Battery Technology on 8 of the 13 factors compared.

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. The company was formerly known as American Battery Metals Corporation. American Battery Technology Company was incorporated in 2011 and is headquartered in Reno, Nevada.

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