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 contrast to its peers? We will compare American Battery Technology to related companies based on the strength of its dividends, earnings, profitability, risk, analyst recommendations, institutional ownership and valuation.
Risk and Volatility
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.
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 | -63.92% | -49.51% |
| American Battery Technology Competitors | -1.60% | 14.74% | 3.91% |
Analyst Ratings
| 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 | 1170 | 1558 | 17 | 2.45 |
American Battery Technology presently has a consensus target price of $6.00, indicating a potential upside of 650.00%. As a group, “Mining & quarrying of nonmetallic minerals, except fuels” companies have a potential upside of 12.59%. Given American Battery Technology’s stronger consensus rating and higher possible upside, analysts plainly believe American Battery Technology is more favorable than its peers.
Earnings and Valuation
This table compares American Battery Technology and its peers gross revenue, earnings per share and valuation.
| Gross Revenue | Net Income | Price/Earnings Ratio | |
| American Battery Technology | $340,000.00 | -$52.50 million | -0.82 |
| American Battery Technology Competitors | $2.18 billion | $259.42 million | 16.14 |
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.
Insider and 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 company insiders. Comparatively, 6.3% of shares of all “Mining & quarrying of nonmetallic minerals, except fuels” companies are held by company insiders. Strong institutional ownership is an indication that hedge funds, endowments and large money managers believe a company is poised for long-term growth.
Summary
American Battery Technology peers beat American Battery Technology on 8 of the 13 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.
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