American Bitcoin Corp. (NASDAQ:ABTC) Given Consensus Rating of "Hold" by Analysts
American Bitcoin Corp. (NASDAQ:ABTC - Get Free Report) has been assigned a consensus recommendation of "Hold" from the five ratings firms that are currently covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, one has issued a hold
American Bitcoin Corp. (NASDAQ:ABTC-Get Free Report) has been assigned a consensus recommendation of "Hold" from the five ratings firms that are currently covering the stock,Marketbeat Ratingsreports. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating on the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $45. 00. The Great Pivot: Bitcoin Miners Are Becoming AI’s LandlordsA number of equities research analysts recently issued reports on the company. Zacks Research raised American Bitcoin from a "strong sell" rating to a "hold" rating in a research note on Tuesday, April 28th. Maxim Group set a $15. 00 target price on American Bitcoin and gave the stock a "buy" rating in a research report on Tuesday. Finally,Weiss Ratingsrestated a "sell (d)" rating on shares of American Bitcoin in a report on Wednesday, June 24th. GetAmerican Bitcoinalerts:Get Our Latest Stock Report on American BitcoinHedge Funds Weigh In On American BitcoinHedge funds have recently added to or reduced their stakes in the stock. CWM LLC raised its stake in shares of American Bitcoin by 1,031. 4% during the fourth quarter. CWM LLC now owns 17,062 shares of the company's stock valued at $29,000 after acquiring an additional 15,554 shares in the last quarter. Aptus Capital Advisors LLC bought a new stake in American Bitcoin during the 4th quarter valued at $33,000. Forty three Eighteen Advisors LLC bought a new position in shares of American Bitcoin during the 4th quarter worth $34,000. EverSource Wealth Advisors LLC purchased a new position in shares of American Bitcoin during the first quarter valued at $37,000. Finally, Kitching Partners LLC purchased a new stake in American Bitcoin in the fourth quarter worth about $37,000. 10. 21% of the stock is currently owned by institutional investors. American Bitcoin Trading Up 11. 7%Shares ofNASDAQ:ABTCtraded up $0. 68 during trading on Tuesday, reaching $6. 45. The company's stock had a trading volume of 1,368,385 shares, compared to its average volume of 1,053,807. The stock has a market capitalization of $456. 95 million, a PE ratio of -0. 86 and a beta of 3. 81. American Bitcoin has a 12 month low of $5. 04 and a 12 month high of $217. 80. The firm's 50 day simple moving average is $11. 83 and its two-hundred day simple moving average is $16. 24. American Bitcoin (NASDAQ:ABTC-Get Free Report) last issued its quarterly earnings results on Wednesday, May 6th. The company reported ($1. 20) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0. 15 by ($1. 35). The company had revenue of $62. 12 million during the quarter, compared to the consensus estimate of $74. 85 million. American Bitcoin had a negative return on equity of 29. 72% and a negative net margin of 69. 42%. American Bitcoin Company Profile(Get Free Report)Gryphon Digital Mining is an innovative venture in the bitcoin space. Gryphon Digital Mining, formerly known as Akerna Corp. , is based in DENVER. Featured ArticlesFive stocks we like better than American BitcoinAeroVironment’s Stock Is Down, But Drone Demand Is Taking Off3M's Redemption Arc: Can Q2 Earnings Change the Narrative?3 Photonics Companies Making Quantum Tech PossibleIndustrial and Utility Giants Boost Dividends as Data Center Tailwinds BuildThis instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat. com. Should You Invest $1,000 in American Bitcoin Right Now?Before you consider American Bitcoin, you'll want to hear this. MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified thefive stocksthat top analysts are quietly whispering to their clients to buy now before the broader market catches on. . . and American Bitcoin wasn't on the list. While American Bitcoin currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys. View The Five Stocks HereDiscover the 10 Best High-Yield Dividend Stocks for 2026 and secure reliable income in uncertain markets. Download the report now to identify top dividend payers and avoid common yield traps. Get This Free Report