Comparing American Battery Technology (ABAT) and Its Peers

American Battery Technology (NASDAQ:ABAT) is among the 29 publicly listed companies operating in the "Mining & quarrying of nonmetallic minerals, except fuels" sector. This article examines how ABAT measures up against its competitors regarding various financial and operational metrics.

Insider and Institutional Ownership

Currently, 9.9% of American Battery Technology's shares are owned by institutional investors, which is relatively lower than the average of 59.0% across its industry peers. Additionally, only 5.2% of ABAT's shares are held by insiders, compared to 6.3% for all companies in the same sector. A higher institutional ownership generally indicates that major investors believe a company is likely to perform well over time.

Profitability

When analyzing profitability, American Battery Technology shows significant challenges compared to its peers. Its net margins are currently not available (N/A), and it has a return on equity of -61.72% and a return on assets of -46.74%. In contrast, competitors average a net margin of -1.65%, with a return on equity of 14.93% and a return on assets of 3.98%.

Analyst Ratings

According to MarketBeat.com, American Battery Technology has garnered positive attention from analysts, with one strong buy rating and no sell or hold ratings, yielding a rating score of 3.00. Its competitors, however, received 253 sell ratings, 1161 hold ratings, and 1550 buy ratings, resulting in an average score of 2.45. The current consensus price target for ABAT is $6.00, indicating a potential upside of 500.00%, which is significantly higher than the 12.95% average potential upside for its industry.

Volatility and Risk

The stock demonstrates considerable volatility, with a beta of 2.15, signifying it is 115% more volatile than the S&P 500. On the other hand, the average beta for its competitors is 1.12, indicating they are only 12% more volatile than the index.

Valuation & Earnings

In terms of financial performance, American Battery Technology reported gross revenue of $340,000 and a net income loss of $52.5 million, resulting in a price-to-earnings ratio of -1.03. Comparatively, competitors had gross revenues averaging $2.29 billion and net earnings of $259.64 million, with a price-to-earnings ratio of 27.39. This indicates that while ABAT is currently more affordable based on its P/E ratio, it struggles with lower revenue and higher losses.

Summary

Overall, American Battery Technology ranks behind its peers in eight out of thirteen areas evaluated.

About American Battery Technology

American Battery Technology operates as a battery materials firm focused on exploring battery metals—including lithium, nickel, cobalt, and manganese. The company is involved in developing and promoting technologies for extracting battery metals and recycling lithium-ion batteries. Established in 2011 and headquartered in Reno, Nevada, the company was previously known as American Battery Metals Corporation.

Finance, Comparison, Technology