BTIG Research Has Lowered Expectations for American Bitcoin (NASDAQ:ABTC) Stock Price

American Bitcoin (NASDAQ:ABTC) had its price target dropped by research analysts at BTIG Research from $15.00 to $12.00 in a note issued to investors on Thursday, Benzinga reports. The firm presently has a “buy” rating on the stock. BTIG Research‘s price objective would indicate a potential upside of 124.30% from the stock’s previous close.

Other equities research analysts also recently issued research reports about the company. Zacks Research raised American Bitcoin to a “hold” rating in a research report on Tuesday, October 13th. Weiss Ratings restated a “sell (d)” rating on shares of American Bitcoin in a research report on Monday, September 21st. Wall Street Zen downgraded American Bitcoin from a “hold” rating to a “sell” rating in a research note on Saturday, August 8th. Maxim Group set a $16.00 price objective on shares of American Bitcoin and gave the stock a “buy” rating in a research report on Monday, October 12th. Finally, HC Wainwright assumed coverage on shares of American Bitcoin in a research report on Monday, October 12th. They set a “buy” rating and a $22.00 price objective for the company. Four investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $27.50.

American Bitcoin Price Performance

American Bitcoin stock traded up $0.04 during midday trading on Thursday, hitting $5.35. The company’s stock had a trading volume of 1,086,598 shares, compared to its average volume of 910,776. The company has a market cap of $389.59 million, a price-to-earnings ratio of -4.06 and a beta of 4.09. American Bitcoin has a 1-year low of $4.91 and a 1-year high of $80.35. The company has a 50-day moving average price of $8.09 and a two-hundred day moving average price of $12.20.

American Bitcoin (NASDAQ:ABTC) last announced its earnings results on Wednesday, November 4th. The company reported $1.73 EPS for the quarter, missing the consensus estimate of $2.86 by ($1.13). American Bitcoin had a negative return on equity of 29.89% and a negative net margin of 71.75%. The business had revenue of $63.35 million for the quarter, compared to the consensus estimate of $72.70 million. Sell-side analysts forecast that American Bitcoin will post 1.24 EPS for the current year.

Institutional Investors Weigh In On American Bitcoin

Several hedge funds and other institutional investors have recently made changes to their positions in ABTC. Bank of New York Mellon Corp lifted its stake in American Bitcoin by 1,114.2% in the 1st quarter. Bank of New York Mellon Corp now owns 376,270 shares of the company’s stock valued at $348,000 after purchasing an additional 345,282 shares during the last quarter. Cetera Investment Advisers grew its stake in shares of American Bitcoin by 247.2% during the first quarter. Cetera Investment Advisers now owns 73,887 shares of the company’s stock worth $68,000 after buying an additional 52,608 shares during the last quarter. Kingsbury Capital Investment Advisors LLC increased its holdings in shares of American Bitcoin by 142.1% during the second quarter. Kingsbury Capital Investment Advisors LLC now owns 2,391,091 shares of the company’s stock worth $1,629,000 after buying an additional 1,403,547 shares in the last quarter. Integrated Wealth Concepts LLC increased its holdings in shares of American Bitcoin by 44.8% during the second quarter. Integrated Wealth Concepts LLC now owns 49,517 shares of the company’s stock worth $34,000 after buying an additional 15,321 shares in the last quarter. Finally, Procyon Advisors LLC lifted its stake in shares of American Bitcoin by 310.1% in the 1st quarter. Procyon Advisors LLC now owns 103,500 shares of the company’s stock valued at $96,000 after acquiring an additional 78,264 shares during the last quarter. 10.21% of the stock is owned by institutional investors.

American Bitcoin News Roundup

Here are the key news stories impacting American Bitcoin this week:

• Positive Sentiment: American Bitcoin reported about $126 million in third-quarter net income and $221 million in adjusted EBITDA, and grew its Bitcoin holdings to 8,427 BTC. The larger reserve gives the company substantial exposure to Bitcoin prices. Article: Eric Trump’s American Bitcoin Banks $126M Profit—But ABTC Shares Dive
• Neutral Sentiment: The $126 million profit was driven chiefly by gains in the value of Bitcoin holdings, making it less indicative of recurring mining profitability. Article: Trump-linked American Bitcoin swings to $126 million profit but misses revenue estimates
• Negative Sentiment: Revenue of roughly $63.4 million fell short of expectations of $72.7 million. Mining costs also rose while production declined, weighing on the operating outlook; coverage reported a sharp post-results share-price drop. Article: American Bitcoin (ABTC) Stock Drops 15% After Trump-Linked Miner Misses Revenue Target
• Negative Sentiment: HC Wainwright cut its estimates for multiple 2027 quarters and lowered its full-year 2027 EPS forecast from $1.64 to $1.46. It maintained a Buy rating and $22 target, but the reductions reinforce concerns about near-term earnings. MarketBeat analyst estimates

About American Bitcoin

Gryphon Digital Mining is an innovative venture in the bitcoin space. Gryphon Digital Mining, formerly known as Akerna Corp., is based in DENVER.