American Battery Technology (NASDAQ:ABAT – Get 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 competitors? We will compare American Battery Technology to similar companies based on the strength of its institutional ownership, earnings, dividends, risk, valuation, profitability and analyst recommendations.
Insider and Institutional Ownership
9.9% of American Battery Technology shares are held by institutional investors. Comparatively, 59.0% of shares of all “Mining & quarrying of nonmetallic minerals, except fuels” companies are held by institutional investors. 4.0% of American Battery Technology shares are held by company insiders. Comparatively, 6.2% of shares of all “Mining & quarrying of nonmetallic minerals, except fuels” companies are held by company insiders. Strong institutional ownership is an indication that endowments, hedge funds and large money managers believe a stock will outperform the market over the long term.
Valuation & Earnings
This table compares American Battery Technology and its competitors top-line revenue, earnings per share (EPS) and valuation.
Gross Revenue | Net Income | Price/Earnings Ratio | |
American Battery Technology | $343,500.00 | -$52.50 million | -1.03 |
American Battery Technology Competitors | $2.27 billion | $259.64 million | 5.15 |
Profitability
This table compares American Battery Technology and its competitors’ 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 | 2.78% | 24.52% | 4.11% |
Analyst Recommendations
This is a summary of recent ratings for American Battery Technology and its competitors, as reported by MarketBeat.com.
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 | 1154 | 1537 | 17 | 2.45 |
American Battery Technology presently has a consensus price target 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 10.56%. Given American Battery Technology’s stronger consensus rating and higher possible upside, equities analysts plainly believe American Battery Technology is more favorable than its competitors.
Summary
American Battery Technology competitors beat American Battery Technology on 9 of the 12 factors compared.
About American Battery Technology
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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