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American Battery Technology
(NASDAQ:ABAT)
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Rating:51Neutral
Price Target:
$2.00
▼(-22.78% Downside)
Action:Reiterated
Date:10/02/26
The score is held back primarily by weak financial performance (large losses and continued cash burn) and a technically weak price trend below major moving averages. These are partially offset by encouraging operational progress and sentiment from the earnings call (improving gross margin, scaling facilities, no long-term debt) and a positive corporate event that eases export-related regulatory risk, while valuation remains challenged due to negative earnings and no dividend.
Positive Factors
Rapid Revenue Growth and Operating Scale
Revenue growth above 400% demonstrates that the first recycling facility is moving from development toward meaningful commercial activity. Continued throughput expansion can improve fixed-cost absorption, strengthen customer traction, and establish a larger operating base for future facilities.
Negative Factors
Persistent Large Net Losses
Despite rapid revenue growth and an initial positive gross margin, ABAT remains deeply unprofitable at the net-income level. Large losses indicate that operating scale has not yet translated into durable earnings, leaving execution and cost control critical over the coming quarters.
Read all positive and negative factors
Positive Factors
Negative Factors
Rapid Revenue Growth and Operating Scale
Revenue growth above 400% demonstrates that the first recycling facility is moving from development toward meaningful commercial activity. Continued throughput expansion can improve fixed-cost absorption, strengthen customer traction, and establish a larger operating base for future facilities.
Read all positive factors
American Battery Technology (ABAT) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$260.92M
Dividend YieldN/A
Average Volume (3M)3.56M
Price to Earnings (P/E)―
Beta (1Y)2.27
Revenue Growth406.77%
EPS Growth3.36%
CountryUS
Employees193
SectorIndustrials
Sector Strength72
IndustryWaste Management
Share Statistics
EPS (TTM)-0.57
Shares Outstanding142,577,760
10 Day Avg. Volume4,504,996
30 Day Avg. Volume3,564,797
Financial Highlights & Ratios
PEG Ratio0.00
Price to Book (P/B)2.86
Price to Sales (P/S)16.61
P/FCF Ratio-9.56
Enterprise Value/Market Cap1.29
Enterprise Value/Revenue15.51
Enterprise Value/Gross Profit-51.86
Enterprise Value/Ebitda-4.85
Forecast
1Y Price Target
$6.00Price Target Upside131.66% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
EPS Forecast (FY)-0.2
Revenue Forecast (FY)$31.71M
American Battery Technology Business Overview & Revenue Model
Company Description
American Battery Technology Company (ABTC) specializes in the field of battery materials. The firm's activities include discovering and securing resources of critical battery metals like lithium, nickel, cobalt, and manganese. Furthermore, ABTC de...
How the Company Makes Money
ABAT makes money primarily by (1) selling battery-grade materials and (2) providing (or capturing value from) lithium-ion battery recycling and materials recovery. Key revenue streams include: (a) sales of recovered or refined battery metals/compo...
American Battery Technology Earnings Call Summary
Earnings Call Date:Sep 14, 2026
(Q4-2026)
| % Change Since: |
Next Earnings Date:Nov 12, 2026
Earnings Call Sentiment Positive
The call was strongly positive, with substantial revenue growth, the first adjusted annual profit and positive gross margin, lower operating cash spending despite much higher throughput, a stronger cash balance, no long-term debt, and continued progress across recycling and claystone lithium projects. The main challenges were the unresolved black mass export directive, ongoing permitting requirements for the Tonopah project, and the prior cancellation of a DOE grant that was ultimately reinstated.Positive Updates
Revenue Increased More Than 400%
Fiscal year 2026 revenue increased by over 400% to $21.7 million, compared with the prior year, driven by the ramp-up and substantially higher throughput at the first battery recycling facility.
Negative Updates
Black Mass Export Directive Creates Regulatory Uncertainty
The Department of Commerce issued a directive that effectively bans black mass exports unless an exception or adjustment is obtained. The company submitted an exception request and received follow-up questions, but there was no formal response on its status as of the call.
Read all updates
Q4-2026 Updates
Positive
Negative
Revenue Increased More Than 400%
Fiscal year 2026 revenue increased by over 400% to $21.7 million, compared with the prior year, driven by the ramp-up and substantially higher throughput at the first battery recycling facility.
Read all positive updates
Company Guidance
The call did not provide explicit revenue or earnings guidance, but management said it is continuing to scale the first recycling facility, which has a design rate of about 20,000 tons per year, develop a second Southeast U.S. recycling plant designed to process about 100,000 tons per year with support from a $150 million U.S. Department of Energy grant, commercialize next-generation recycling technologies through a $10 million grant, and roll out a 30,000 ton per year mine and refinery in Tonopah, Nevada; the Tonopah Flats Lithium Project has about 21.3 million tons of lithium hydroxide that could be made, including about 2.7 million tons classified as proven or probable reserves, while the company expects to continue expanding facilities as needed, draw down government contracts over the next few years, and work through the remaining NEPA process for permits to begin site work and construction.American Battery Technology Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
62
Positive
Cash Flow
24
Negative
| Breakdown | Jun 2026 | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 21.74M | 4.29M | 343.50K | 0.00 | 0.00 |
| Gross Profit | -6.50M | -10.57M | -2.96M | 0.00 | 0.00 |
| EBITDA | -69.58M | -41.58M | -50.56M | -21.86M | -33.43M |
| Net Income | -73.38M | -46.76M | -52.50M | -22.19M | -33.54M |
Balance Sheet | |||||
| Total Assets | 132.84M | 84.46M | 77.68M | 74.66M | 52.86M |
| Cash, Cash Equivalents and Short-Term Investments | 49.52M | 7.47M | 7.00M | 2.32M | 29.01M |
| Total Debt | 190.16K | 8.04M | 6.50M | 6.18M | 275.56K |
| Total Liabilities | 6.45M | 13.86M | 16.21M | 13.79M | 3.23M |
| Stockholders Equity | 126.39M | 70.60M | 61.47M | 60.87M | 49.63M |
Cash Flow | |||||
| Free Cash Flow | -37.77M | -31.47M | -29.43M | -28.20M | -25.26M |
| Operating Cash Flow | -24.19M | -28.92M | -16.74M | -13.37M | -10.18M |
| Investing Cash Flow | -13.58M | -2.55M | -12.97M | -36.72M | -15.08M |
| Financing Cash Flow | 75.61M | 36.94M | 34.39M | 23.42M | 41.41M |
American Battery Technology Technical Analysis
Negative
2.59
Price Trends
2.39
Negative
2.64
Negative
3.13
Negative
Market Momentum
-0.13
Positive
28.77
Positive
5.65
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For ABAT, the sentiment is Negative. The current price of 2.59 is above the 20-day moving average (MA) of 2.19, above the 50-day MA of 2.39, and below the 200-day MA of 3.13, indicating a bearish trend. The MACD of -0.13 indicates Positive momentum. The RSI at 28.77 is Positive, neither overbought nor oversold. The STOCH value of 5.65 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for ABAT.
American Battery Technology Risk Analysis
American Battery Technology disclosed 40 risk factors in its most recent earnings report. American Battery Technology reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
American Battery Technology Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
51 Neutral | $260.92M | -3.19 | -64.63% | ― | 406.77% | 3.36% | |
50 Neutral | $55.93M | -1.51 | -17.63% | ― | ― | -54.49% | |
48 Neutral | $303.91M | -12.54 | -27.57% | ― | ― | ― | |
48 Neutral | $225.48M | -14.37 | -3.66% | ― | ― | 26.53% |
* Industrials Sector Average
ABAT
American Battery Technology
1.83
-9.50
-83.85%
WWR
Westwater Resources
0.44
-3.05
-87.50%
LZM
Lifezone Metals
3.38
-2.61
-43.57%
CRML
Critical Metals Corp
6.82
-23.15
-77.24%
IONR
ioneer Limited Sponsored ADR
2.84
-4.74
-62.53%
American Battery Technology Corporate Events
Business Operations and StrategyFinancial DisclosuresRegulatory Filings and Compliance
American Battery Technology Secures Key Export License Approval
Positive
Oct 1, 2026
On Oct. 1, 2026, American Battery Technology Company reported it had received approval from the U.S. Department of Commerce’s Bureau of Industry and Security for a Defense Priorities and Allocation System license to export up to $100 million...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.