Comparing American Battery Technology (ABAT) & 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 weigh in compared to its rivals? We will compare American Battery Technology to related companies based on the strength of its valuation, profitability, dividends, analyst recommendations, earnings, risk and institutional ownership.

Institutional and 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. 5.2% of American Battery Technology shares are held by insiders. Comparatively, 6.3% of shares of all “Mining & quarrying of nonmetallic minerals, except fuels” companies are held by insiders. Strong institutional ownership is an indication that endowments, large money managers and hedge funds believe a company is poised for long-term growth.

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	-1.52%	14.89%	3.96%

Volatility and Risk

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

Earnings & Valuation

This table compares American Battery Technology and its rivals revenue, earnings per share and valuation.

	Gross Revenue	Net Income	Price/Earnings Ratio
American Battery Technology	$340,000.00	-$52.50 million	-1.02
American Battery Technology Competitors	$2.14 billion	$259.42 million	27.70

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.

Analyst Ratings

This is a summary of current ratings for American Battery Technology and its rivals, 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	1167	1556	17	2.45

American Battery Technology currently has a consensus price target of $6.00, suggesting a potential upside of 503.93%. As a group, “Mining & quarrying of nonmetallic minerals, except fuels” companies have a potential upside of 6.44%. Given American Battery Technology’s stronger consensus rating and higher possible upside, equities research analysts clearly believe American Battery Technology is more favorable than its rivals.

Summary

American Battery Technology rivals 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.