American Battery Technology (NASDAQ:ABAT – Get Free Report) is one of 27 publicly-traded companies in the “Mining & quarrying of nonmetallic minerals, except fuels” industry, but how does it weigh in compared to its competitors? We will compare American Battery Technology to related businesses based on the strength of its valuation, institutional ownership, analyst recommendations, risk, earnings, profitability and dividends.
Insider and Institutional Ownership
9.9% of American Battery Technology shares are owned by institutional investors. Comparatively, 58.7% of shares of all “Mining & quarrying of nonmetallic minerals, except fuels” companies are owned by institutional investors. 4.0% of American Battery Technology shares are owned by company insiders. Comparatively, 6.6% of shares of all “Mining & quarrying of nonmetallic minerals, except fuels” companies are owned by company insiders. Strong institutional ownership is an indication that large money managers, endowments and hedge funds believe a company is poised for long-term growth.
Profitability
This table compares American Battery Technology and its competitors’ 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 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 competitors have higher revenue and earnings than American Battery Technology. American Battery Technology is trading at a lower price-to-earnings ratio than its competitors, indicating that it is currently more affordable than other companies in its industry.
Analyst Recommendations
This is a breakdown of current ratings and recommmendations for American Battery Technology and its competitors, 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 presently has a consensus price target 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 possible upside, equities research analysts clearly believe American Battery Technology is more favorable than its competitors.
Summary
American Battery Technology competitors 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.
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