American Battery Technology (NASDAQ:ABAT - Get Free Report) was the target of some unusual options trading on Tuesday. Traders bought 4,707 call options on the stock. This represents an increase of approximately 1,760% compared to the average volume of 253 call options.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in ABAT. Dopkins Wealth Management LLC lifted its stake in shares of American Battery Technology by 76.5% during the 3rd quarter. Dopkins Wealth Management LLC now owns 50,000 shares of the company's stock valued at $54,000 after buying an additional 21,664 shares in the last quarter. Geode Capital Management LLC raised its holdings in American Battery Technology by 6.6% during the 3rd quarter. Geode Capital Management LLC now owns 645,063 shares of the company's stock valued at $690,000 after acquiring an additional 40,169 shares during the period. Finally, State Street Corp lifted its position in shares of American Battery Technology by 26.9% during the third quarter. State Street Corp now owns 204,200 shares of the company's stock worth $218,000 after acquiring an additional 43,300 shares in the last quarter. Institutional investors own 9.88% of the company's stock.
NASDAQ ABAT traded up $0.69 on Tuesday, hitting $2.47. 17,990,462 shares of the stock traded hands, compared to its average volume of 994,768. The business's fifty day moving average is $0.97 and its two-hundred day moving average is $1.02. American Battery Technology has a 12 month low of $0.73 and a 12 month high of $5.55. The firm has a market capitalization of $188.94 million, a price-to-earnings ratio of -2.52 and a beta of 2.16.
American Battery Technology (NASDAQ:ABAT - Get Free Report) last posted its quarterly earnings results on Monday, September 23rd. The company reported ($0.24) earnings per share for the quarter, missing the consensus estimate of ($0.13) by ($0.11). The firm had revenue of $0.34 million during the quarter, compared to the consensus estimate of $5.00 million.
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.
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
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 "Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.