Financial Comparison: American Battery Technology (ABAT) and Its Peers

American Battery Technology (NASDAQ:ABAT) is one of 28 public companies in the “Mining & quarrying of nonmetallic minerals, except fuels” industry, but how does it compare to its competitors? We will compare American Battery Technology to similar companies based on the strength of its risk, dividends, profitability, institutional ownership, valuation, earnings and analyst recommendations.

Insider & Institutional Ownership

9.9% of American Battery Technology shares are held by institutional investors. Comparatively, 58.7% 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 company insiders. Comparatively, 6.5% of shares of all “Mining & quarrying of nonmetallic minerals, except fuels” companies are held by company insiders. Strong institutional ownership is an indication that hedge funds, large money managers and endowments believe a company will outperform the market over the long term.

Earnings & Valuation

This table compares American Battery Technology and its competitors top-line 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	$2.32 billion	$272.82 million	6.06

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

Profitability

This table compares American Battery Technology and its competitors’ 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	5.02%	27.42%	5.27%

Analyst Recommendations

This is a breakdown of current ratings and price targets for American Battery Technology and its competitors, 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	252	1146	1508	17	2.44

American Battery Technology presently has a consensus price target of $6.00, suggesting a potential upside of 501.20%. As a group, “Mining & quarrying of nonmetallic minerals, except fuels” companies have a potential upside of 7.71%. Given American Battery Technology’s stronger consensus rating and higher possible upside, research analysts clearly believe American Battery Technology is more favorable than its competitors.

Summary

American Battery Technology competitors beat American Battery Technology on 9 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.