Shares of American Bitcoin Corp. (NASDAQ:ABTC - Get Free Report) have been assigned a consensus recommendation of "Hold" from the five ratings firms that are presently covering the firm, Marketbeat reports. One analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and three have given a buy recommendation to the company. The average 1 year price target among analysts that have covered the stock in the last year is $45.00.
A number of research analysts have recently commented on ABTC shares. Maxim Group set a $15.00 price objective on American Bitcoin and gave the company a "buy" rating in a report on Tuesday, July 21st. Weiss Ratings restated a "sell (d)" rating on shares of American Bitcoin in a research note on Wednesday, June 24th. Wall Street Zen downgraded American Bitcoin from a "hold" rating to a "sell" rating in a report on Saturday, August 8th. Finally, Zacks Research raised shares of American Bitcoin from a "strong sell" rating to a "hold" rating in a report on Tuesday, April 28th.
Read Our Latest Stock Report on ABTC
American Bitcoin Trading Down 0.8%
American Bitcoin stock opened at $7.26 on Friday. The stock has a market cap of $528.67 million, a P/E ratio of -2.38 and a beta of 3.86. The company has a fifty day simple moving average of $8.16 and a 200-day simple moving average of $13.66. American Bitcoin has a 12-month low of $4.92 and a 12-month high of $217.80.
American Bitcoin (NASDAQ:ABTC - Get Free Report) last posted its earnings results on Monday, August 3rd. The company reported ($0.80) EPS for the quarter. American Bitcoin had a negative net margin of 71.75% and a negative return on equity of 29.89%. The business had revenue of $67.01 million during the quarter.
Insider Activity at American Bitcoin
In related news, Director Justin Mateen bought 162,438 shares of the company's stock in a transaction that occurred on Thursday, August 6th. The shares were purchased at an average cost of $6.19 per share, with a total value of $1,005,491.22. Following the transaction, the director directly owned 492,297 shares of the company's stock, valued at approximately $3,047,318.43. This represents a 49.24% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 2.57% of the stock is owned by company insiders.
