Head-To-Head Analysis: American Battery Technology (ABAT) & The Competition

American Battery Technology (NASDAQ:ABAT) is one of 29 publicly-traded 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 businesses based on the strength of its dividends, earnings, valuation, profitability, analyst recommendations, risk and institutional ownership.

Institutional & Insider Ownership

9.9% of American Battery Technology shares are owned by institutional investors. Comparatively, 59.0% of shares of all “Mining & quarrying of nonmetallic minerals, except fuels” companies are owned by institutional investors. 5.2% of American Battery Technology shares are owned by company insiders. Comparatively, 6.3% of shares of all “Mining & quarrying of nonmetallic minerals, except fuels” companies are owned by company insiders. Strong institutional ownership is an indication that endowments, large money managers and hedge funds believe a company will outperform the market over the long term.

Analyst Ratings

This is a breakdown of current ratings and target prices for American Battery Technology and its peers, 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	254	1169	1557	17	2.45

American Battery Technology presently has a consensus target price of $6.00, indicating a potential upside of 515.38%. As a group, “Mining & quarrying of nonmetallic minerals, except fuels” companies have a potential upside of 8.42%. 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	-1.34%	14.96%	4.01%

Earnings and 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	-1.01
American Battery Technology Competitors	$2.29 billion	$259.42 million	20.16

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.

Volatility & Risk

American Battery Technology has a beta of 2.17, suggesting 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, suggesting that their average share price is 12% more volatile than the S&P 500.

Summary

American Battery Technology peers beat American Battery Technology on 7 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.