HC Wainwright Has Bearish Estimate for ABTC FY2026 Earnings

American Bitcoin Corp. (NASDAQ:ABTC) – Equities researchers at HC Wainwright cut their FY2026 EPS estimates for shares of American Bitcoin in a research note issued to investors on Thursday, November 5th. HC Wainwright analyst M. Colonnese now forecasts that the company will earn ($0.03) per share for the year, down from their prior forecast of $1.24. HC Wainwright currently has a “Buy” rating and a $22.00 price target on the stock. The consensus estimate for American Bitcoin’s current full-year earnings is ($0.03) per share.

ABTC has been the subject of a number of other reports. Wall Street Zen upgraded American Bitcoin from a “sell” rating to a “hold” rating in a research note on Saturday. Zacks Research raised American Bitcoin to a “hold” rating in a research report on Tuesday, October 13th. BTIG Research cut their target price on American Bitcoin from $15.00 to $12.00 and set a “buy” rating on the stock in a research note on Thursday, November 5th. Maxim Group set a $16.00 price target on shares of American Bitcoin and gave the company a “buy” rating in a report on Monday, October 12th. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of American Bitcoin in a report on Monday, September 21st. Four equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $27.50.

American Bitcoin Price Performance

Shares of NASDAQ ABTC opened at $5.13 on Monday. American Bitcoin has a 12-month low of $4.91 and a 12-month high of $80.35. The stock’s 50 day simple moving average is $7.98 and its 200 day simple moving average is $12.02.

American Bitcoin (NASDAQ:ABTC) last announced its quarterly earnings results on Wednesday, November 4th. The company reported $1.73 earnings per share for the quarter, missing analysts’ consensus estimates of $2.86 by ($1.13). The company had revenue of $63.35 million for the quarter, compared to analyst estimates of $72.70 million. American Bitcoin had a negative return on equity of 10.23% and a negative net margin of 26.74%.

Institutional Investors Weigh In On American Bitcoin

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Integrated Wealth Concepts LLC lifted its position in American Bitcoin by 44.8% in the second quarter. Integrated Wealth Concepts LLC now owns 49,517 shares of the company’s stock worth $34,000 after purchasing an additional 15,321 shares during the period. Kingsbury Capital Investment Advisors LLC increased its position in shares of American Bitcoin by 142.1% during the 2nd quarter. Kingsbury Capital Investment Advisors LLC now owns 2,391,091 shares of the company’s stock valued at $1,629,000 after purchasing an additional 1,403,547 shares during the period. PCG Wealth Advisors LLC increased its position in shares of American Bitcoin by 78.2% during the 2nd quarter. PCG Wealth Advisors LLC now owns 1,222,358 shares of the company’s stock valued at $833,000 after purchasing an additional 536,325 shares during the period. Bank of New York Mellon Corp bought a new stake in shares of American Bitcoin in the 2nd quarter worth $273,000. Finally, Maripau Wealth Management LLC bought a new stake in shares of American Bitcoin in the 1st quarter worth $38,000. Institutional investors own 10.21% of the company’s stock.

American Bitcoin Company Profile

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