American Battery Technology (ABAT) & The Competition Critical Review

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

Volatility & Risk

American Battery Technology has a beta of 2.17, meaning that its stock price is 117% more volatile than the S&P 500. Comparatively, American Battery Technology’s rivals have a beta of 1.12, meaning that their average stock price is 12% more volatile than the S&P 500.

Profitability

This table compares American Battery Technology and its rivals’ 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	-1.32%	14.96%	4.01%

Analyst Ratings

This is a breakdown of recent recommendations and price targets for American Battery Technology and its rivals, as reported 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	254	1167	1556	17	2.45

American Battery Technology presently has a consensus price target of $6.00, indicating a potential upside of 503.93%. As a group, “Mining & quarrying of nonmetallic minerals, except fuels” companies have a potential upside of 6.47%. Given American Battery Technology’s stronger consensus rating and higher possible upside, research analysts clearly believe American Battery Technology is more favorable than its rivals.

Institutional and Insider 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 insiders. Comparatively, 6.3% of shares of all “Mining & quarrying of nonmetallic minerals, except fuels” companies are owned by insiders. Strong institutional ownership is an indication that hedge funds, large money managers and endowments believe a stock will outperform the market over the long term.

Earnings & Valuation

This table compares American Battery Technology and its rivals top-line revenue, earnings per share and valuation.

	Gross Revenue	Net Income	Price/Earnings Ratio
American Battery Technology	$340,000.00	-$52.50 million	-1.02
American Battery Technology Competitors	$2.18 billion	$259.42 million	24.59

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

Summary

American Battery Technology rivals beat American Battery Technology on 7 of the 12 factors compared.

American Battery Technology Company Profile

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.