Analyzing American Battery Technology (ABAT) and The Competition

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 compare to its peers? We will compare American Battery Technology to related companies based on the strength of its earnings, valuation, dividends, institutional ownership, profitability, risk and analyst recommendations.

Profitability

This table compares American Battery Technology and its peers’ net margins, return on equity and return on assets.

	Net Margins	Return on Equity	Return on Assets
American Battery Technology	N/A	-63.92%	-49.51%
American Battery Technology Competitors	-1.60%	14.74%	3.91%

Valuation and Earnings

This table compares American Battery Technology and its peers gross revenue, earnings per share (EPS) and valuation.

	Gross Revenue	Net Income	Price/Earnings Ratio
American Battery Technology	$340,000.00	-$52.50 million	-0.87
American Battery Technology Competitors	$2.19 billion	$259.42 million	16.18

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

Risk & Volatility

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

Analyst Ratings

This is a summary of current ratings and target prices for American Battery Technology and its peers, 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	254	1170	1558	17	2.45

American Battery Technology presently has a consensus price target of $6.00, suggesting a potential upside of 605.88%. As a group, “Mining & quarrying of nonmetallic minerals, except fuels” companies have a potential upside of 13.40%. Given American Battery Technology’s stronger consensus rating and higher possible upside, analysts clearly believe American Battery Technology is more favorable than its peers.

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, endowments and large money managers believe a company will outperform the market over the long term.

Summary

American Battery Technology peers beat American Battery Technology on 8 of the 13 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.