American Battery Technology (ABAT) AI Stock Analysis

• Market Cap: $525.08M
• Dividend Yield: N/A
• Average Volume (3M): 6.42M
• Price to Earnings (P/E): ―
• Beta (1Y): 1.66
• Revenue Growth: 821.40%
• EPS Growth: 44.70%
• Country: US
• Employees: 96
• Sector: Industrials
• Sector Strength: 72
• Industry: Industrial Materials
• EPS (TTM): -0.09
• Shares Outstanding: 129,969,960
• 10 Day Avg. Volume: 6,885,771
• 30 Day Avg. Volume: 6,415,359
• PEG Ratio: 0.06
• Price to Book (P/B): 1.84
• Price to Sales (P/S): 30.33
• P/FCF Ratio: -4.13
• Enterprise Value/Market Cap: 0.69
• Enterprise Value/Revenue: 72.24
• Enterprise Value/Gross Profit: -30.90
• Enterprise Value/Ebitda: -9.54
• 1Y Price Target: $7.00
• Price Target Upside: 79.49% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 1
• EPS Forecast (FY): -0.24
• Revenue Forecast (FY): $10.30M

• Rating: 53 Neutral
• Price Target: $4.50 ▲(15.38% Upside)

The score is primarily held back by weak financial performance—large losses, deeply negative gross profit, and sustained cash burn—despite low leverage. Technicals are moderately constructive with price above key moving averages and neutral-to-positive momentum. Valuation is constrained by negative earnings, while the recent CFO appointment and performance-linked incentives provide a modest positive offset.

Positive Factors

Revenue Growth Traction

Consistent TTM revenue growth indicates improving commercialization and market adoption of recycling services. Over 2-6 months this supports scaling potential and partner interest, underpinning a path to higher volumes if unit economics and operations are tightened.

Low Leverage / Capital Cushion

Minimal debt and a meaningful equity base reduce near-term refinancing pressure and give management flexibility to fund project development or absorb delays. This structural balance-sheet strength lowers bankruptcy risk while the business pursues commercialization.

Strategic Partnerships & Project Progress

A commercial recycling agreement with Veolia and ongoing Tonopah project milestones demonstrate tangible customer and project traction. Durable partnerships and progress on permitting/finance materially de‑risk scaling and support long-term market positioning in battery circularity.

Negative Factors

Persistent Unprofitability

Large, sustained operating losses and negative gross margins indicate the core business has not yet achieved cost recovery. Over months this erodes capital, pressures operating plans, and means profitability depends on material improvements in process economics or price capture.

Negative Cash Generation

Significant cash burn signals reliance on external funding to sustain operations and project development. Over a 2-6 month horizon this raises execution risk, increases likelihood of dilutive financing, and constrains capacity to invest in scaling without clear cash-flow improvement.

Early-Stage Revenue Base / Scaling Risk

Fast percentage growth from a small revenue base masks scale risk: fixed costs and negative margins imply the company must materially expand volumes to achieve break-even. This structural scaling challenge can delay profitability and heighten funding needs over months.

American Battery Technology Business Overview & Revenue Model

Company Description

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.

How the Company Makes Money

ABAT generates revenue through multiple streams, primarily focusing on the recycling of lithium-ion batteries and the recovery of critical minerals such as lithium, cobalt, and nickel. The company partners with electric vehicle manufacturers, battery producers, and other stakeholders in the clean energy sector to provide recycling solutions that meet regulatory and environmental standards. Additionally, ABAT may explore government grants and incentives aimed at promoting clean energy technologies, as well as engaging in joint ventures or collaborations to expand its market reach. The growing demand for sustainable battery solutions and the increasing focus on circular economy practices contribute significantly to the company's potential earnings.

American Battery Technology Financial Statement Overview

Summary

Revenue growth is strong (+17.1% TTM), but fundamentals remain weak with deeply negative gross profit, large operating losses, and a sizable TTM net loss (~$45.4M). Cash flow is a key risk given meaningful operating cash burn (~-$30.5M) and negative free cash flow (~-$32.9M), partially offset by low leverage and a sizable equity base (~$96.0M).

Income Statement

TTM (Trailing-Twelve-Months) revenue increased strongly (+17.1%), showing improving commercialization traction off a very small base. However, profitability remains very weak: gross profit is deeply negative and operating losses are large, with a TTM net loss of about $45.4M and extremely negative margins. Overall, growth is encouraging, but the business model is not yet demonstrating cost absorption or a path to near-term profitability.

Balance Sheet

The balance sheet shows low leverage in TTM (Trailing-Twelve-Months), with minimal debt relative to equity and assets, which reduces financial risk and refinancing pressure. Equity is sizable (~$96.0M TTM), providing some cushion. The key weakness is persistent losses driving a materially negative return on equity, which could erode the capital base over time if losses continue.

Cash Flow

Cash generation is a major pressure point: TTM (Trailing-Twelve-Months) operating cash flow is meaningfully negative (about -$30.5M) and free cash flow is also negative (about -$32.9M), indicating ongoing cash burn to fund operations and investment. While free cash flow growth is positive in the TTM data, the company still relies on external funding capacity (e.g., equity raises) unless it materially improves operating efficiency or scales revenue faster.

Breakdown	TTM	Dec 2025	Dec 2023	Dec 2022	Dec 2022	Dec 2020
Income Statement
Total Revenue	5.03M	4.29M	343.50K	0.00	0.00	0.00
Gross Profit	-11.75M	-10.57M	-2.96M	-77.85K	-197.73K	―
EBITDA	-38.05M	-41.70M	-50.56M	-33.43M	-20.88M	―
Net Income	-45.37M	-46.76M	-52.50M	-33.54M	-21.34M	-17.76M
Balance Sheet
Total Assets	101.47M	84.46M	77.68M	52.86M	74.66M	1.16M
Cash, Cash Equivalents and Short-Term Investments	30.12M	7.47M	7.00M	29.01M	2.33M	829.92K
Total Debt	278.73K	8.04M	6.50M	275.56K	6.18M	442.38K
Total Liabilities	5.47M	13.86M	16.21M	3.23M	13.44M	6.10M
Stockholders Equity	96.00M	70.60M	61.47M	49.63M	61.21M	-4.94M
Cash Flow
Free Cash Flow	-32.90M	-31.47M	-29.43M	-25.26M	-28.20M	-3.02M
Operating Cash Flow	-30.51M	-28.92M	-16.74M	-10.18M	-13.37M	-3.02M
Investing Cash Flow	-2.39M	-2.55M	-12.97M	-15.08M	-36.72M	-3.90K
Financing Cash Flow	58.05M	36.94M	34.39M	41.41M	23.42M	3.84M

American Battery Technology Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 3.90
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: 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 3.9 is below the 20-day moving average (MA) of 4.65, below the 50-day MA of 4.15, and above the 200-day MA of 3.17, indicating a neutral trend. The MACD of <0.01 indicates Positive momentum. The RSI at 41.83 is Neutral, neither overbought nor oversold. The STOCH value of 9.60 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for ABAT.

American Battery Technology Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%
ABAT	53 Neutral	$525.08M	-7.66	-58.41%	―	821.40%	44.70%
WWR	52 Neutral	$111.46M	-3.79	-14.20%	―	―	-80.01%
LZM	44 Neutral	$443.22M	―	―	―	―	―
IONR	44 Neutral	$289.12M	―	-4.25%	―	―	-10.45%

American Battery Technology Corporate Events

American Battery Technology appoints new CFO, reshapes leadership compensation

On January 25, 2026, American Battery Technology Company’s board appointed Alejandro Flores Arteaga as chief financial officer, effective February 9, 2026, bringing more than two decades of global automotive and manufacturing finance experience, including securing a multibillion-dollar U.S. Department of Energy loan for EV battery manufacturing and managing large capital expenditure programs. Under his offer letter, Flores will be an at-will employee with a $280,000 base salary, a performance-based annual cash bonus targeted at 75% of salary, and significant performance-tied equity incentives in the form of restricted stock units and warrants that vest over time. Interim CFO Jesse Deutsch will retire from the company effective February 9, 2026, receiving a $50,000 cash bonus in connection with his departure, while chief mineral resource officer Scott Jolcover notified the company on January 26, 2026 of his plan to retire effective January 31, 2026, transitioning to a consulting role that preserves the vesting of his existing equity and binds him to non-compete and non-solicitation commitments. In a further move to align leadership compensation with execution, on January 27, 2026 the company amended the offer letters of chief executive and chief technology officer Ryan Melsert and chief operating officer Steven Wu to define detailed performance-based milestone criteria governing their 2026 bonus equity awards, signaling a broader emphasis on performance-linked incentives across the senior management team.

The most recent analyst rating on (ABAT) stock is a Hold with a $4.50 price target. To see the full list of analyst forecasts on American Battery Technology stock, see the ABAT Stock Forecast page.

American Battery Technology Holds Annual Shareholder Meeting

On November 13, 2025, American Battery Technology Company held its annual meeting of shareholders, with a quorum present. During the meeting, five directors were elected, and KPMG LLP was ratified as the independent registered public accounting firm for the fiscal year ending June 30, 2026.

The most recent analyst rating on (ABAT) stock is a Buy with a $6.00 price target. To see the full list of analyst forecasts on American Battery Technology stock, see the ABAT Stock Forecast page.

American Battery Technology Signs Recycling Agreement with Veolia

On November 5, 2025, American Battery Technology Company entered into a Recycling/Reclamation Services Agreement with Veolia ES Technical Solutions to provide recycling services for lithium-ion battery products from the Moss Landing Battery Energy Storage System in Monterey County, California. This agreement, overseen by the U.S. Environmental Protection Agency, positions the company to enhance its operations in the battery recycling sector, potentially impacting its market standing and stakeholder interests.

The most recent analyst rating on (ABAT) stock is a Buy with a $6.00 price target. To see the full list of analyst forecasts on American Battery Technology stock, see the ABAT Stock Forecast page.