Comparing American Battery Technology (ABAT) and Its Peers

American Battery Technology (NASDAQ:ABAT) is one of 27 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 companies based on the strength of its earnings, risk, institutional ownership, dividends, profitability, analyst recommendations and valuation.

Institutional & Insider Ownership

9.9% of American Battery Technology shares are held by institutional investors. Comparatively, 58.7% 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 insiders. Comparatively, 6.6% of shares of all “Mining & quarrying of nonmetallic minerals, except fuels” companies are held by insiders. Strong institutional ownership is an indication that hedge funds, endowments and large money managers believe a stock will outperform the market over the long term.

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	5.32%	27.71%	4.93%

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	$343,500.00	-$52.50 million	-1.07
American Battery Technology Competitors	$2.17 billion	$241.85 million	5.60

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.

Analyst Recommendations

This is a breakdown of recent 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	224	1060	1437	16	2.45

American Battery Technology currently has a consensus target price of $6.00, suggesting a potential upside of 476.92%. As a group, “Mining & quarrying of nonmetallic minerals, except fuels” companies have a potential upside of 10.64%. Given American Battery Technology’s stronger consensus rating and higher probable upside, research 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.

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.