Financial Comparison: American Battery Technology (ABAT) and Its Rivals
by Jessica Moore · The Cerbat GemAmerican Battery Technology (NASDAQ:ABAT – Get Free Report) is one of 29 publicly-traded companies in the “Mining & quarrying of nonmetallic minerals, except fuels” industry, but how does it weigh in compared to its rivals? We will compare American Battery Technology to similar companies based on the strength of its institutional ownership, earnings, analyst recommendations, valuation, risk, dividends and profitability.
Earnings & Valuation
This table compares American Battery Technology and its rivals gross revenue, earnings per share 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 | 4.67 |
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.
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 | 2.78% | 24.52% | 4.11% |
Analyst Ratings
This is a summary of recent ratings and target prices for American Battery Technology and its rivals, 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 | 1154 | 1537 | 17 | 2.45 |
American Battery Technology currently has a consensus price target of $6.00, indicating 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, analysts clearly believe American Battery Technology is more favorable than its rivals.
Institutional & Insider 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 insiders. Comparatively, 6.2% of shares of all “Mining & quarrying of nonmetallic minerals, except fuels” companies are held by insiders. Strong institutional ownership is an indication that large money managers, endowments and hedge funds believe a company is poised for long-term growth.
Summary
American Battery Technology rivals 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.