American Battery Technology (NASDAQ:ABAT – Get Free Report) 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 similar companies based on the strength of its institutional ownership, risk, dividends, analyst recommendations, valuation, profitability and earnings.
Volatility & Risk
American Battery Technology has a beta of 2.17, meaning that its share price is 117% more volatile than the S&P 500. Comparatively, American Battery Technology’s peers have a beta of 1.12, meaning that their average share price is 12% more volatile than the S&P 500.
Earnings & Valuation
This table compares American Battery Technology and its peers top-line 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 | $2.27 billion | $259.42 million | 28.06 |
Insider & Institutional 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, 6.2% of shares of all “Mining & quarrying of nonmetallic minerals, except fuels” companies are held by insiders. Strong institutional ownership is an indication that large money managers, hedge funds and endowments believe a company will outperform the market over the long term.
Analyst Recommendations
This is a breakdown of recent ratings for American Battery Technology and its peers, as provided 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 | 1166 | 1555 | 17 | 2.45 |
American Battery Technology presently has a consensus target price of $6.00, suggesting a potential upside of 509.14%. As a group, “Mining & quarrying of nonmetallic minerals, except fuels” companies have a potential upside of 6.89%. Given American Battery Technology’s stronger consensus rating and higher probable upside, analysts plainly believe American Battery Technology is more favorable than its peers.
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 | -1.52% | 14.89% | 3.96% |
Summary
American Battery Technology peers beat American Battery Technology on 7 of the 12 factors compared.
About American Battery Technology
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.
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