Head to Head Analysis: American Battery Technology (ABAT) versus Its Competitors

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

Earnings and Valuation

This table compares American Battery Technology and its peers 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	$2.27 billion	$259.64 million	5.15

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.

Institutional & 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. 4.0% of American Battery Technology shares are held by company insiders. Comparatively, 6.2% of shares of all “Mining & quarrying of nonmetallic minerals, except fuels” companies are held by company insiders. Strong institutional ownership is an indication that endowments, hedge funds and large money managers believe a company is poised for long-term growth.

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	-61.72%	-46.74%
American Battery Technology Competitors	2.78%	24.52%	4.11%

Analyst Ratings

This is a summary of current recommendations and price targets for American Battery Technology and its peers, as provided 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	253	1154	1537	17	2.45

American Battery Technology currently has a consensus target price of $6.00, suggesting a potential upside of 500.00%. As a group, “Mining & quarrying of nonmetallic minerals, except fuels” companies have a potential upside of 10.56%. Given American Battery Technology’s stronger consensus rating and higher probable upside, analysts plainly believe American Battery Technology is more favorable than its peers.

Summary

American Battery Technology peers 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.