American Bitcoin (NASDAQ:ABTC) Stock Rating Upgraded by Wall Street Zen

American Bitcoin (NASDAQ:ABTC) was upgraded by investment analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a note issued to investors on Saturday, Wall Street Zen reports.

Several other equities research analysts have also weighed in on ABTC. HC Wainwright assumed coverage on American Bitcoin in a research note on Monday, October 12th. They issued a “buy” rating and a $22.00 price objective on the stock. Maxim Group set a $16.00 target price on American Bitcoin and gave the stock a “buy” rating in a report on Monday, October 12th. Zacks Research upgraded American Bitcoin to a “hold” rating in a research report on Tuesday, October 13th. BTIG Research decreased their price target on American Bitcoin from $15.00 to $12.00 and set a “buy” rating on the stock in a research note on Thursday. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of American Bitcoin in a research note on Monday, September 21st. Four analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $27.50.

American Bitcoin Price Performance

NASDAQ ABTC opened at $5.35 on Friday. The stock has a market cap of $389.59 million, a P/E ratio of -4.06 and a beta of 4.09. The company’s 50-day simple moving average is $8.09 and its 200 day simple moving average is $12.20. American Bitcoin has a twelve month low of $4.91 and a twelve month high of $80.35.

American Bitcoin (NASDAQ:ABTC) last posted its quarterly earnings results on Wednesday, November 4th. The company reported $1.73 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.86 by ($1.13). The business had revenue of $63.35 million during the quarter, compared to analyst estimates of $72.70 million. American Bitcoin had a negative return on equity of 10.23% and a negative net margin of 26.74%. Research analysts anticipate that American Bitcoin will post -0.03 earnings per share for the current year.

Institutional Investors Weigh In On American Bitcoin

Large investors have recently made changes to their positions in the company. Bank of New York Mellon Corp acquired a new stake in shares of American Bitcoin during the 2nd quarter worth about $273,000. Maripau Wealth Management LLC bought a new position in American Bitcoin during the 1st quarter valued at about $38,000. J. Derek Lewis & Associates Inc. lifted its holdings in American Bitcoin by 204.3% during the 1st quarter. J. Derek Lewis & Associates Inc. now owns 70,000 shares of the company’s stock valued at $65,000 after purchasing an additional 47,000 shares during the last quarter. Yu Fan bought a new position in American Bitcoin during the 1st quarter valued at about $285,000. Finally, EverSource Wealth Advisors LLC acquired a new position in American Bitcoin in the first quarter valued at about $37,000. Institutional investors own 10.21% of the company’s stock.

American Bitcoin News Summary

Here are the key news stories impacting American Bitcoin this week:

• Positive Sentiment: American Bitcoin reported about $126 million in third-quarter net income and $221 million in adjusted EBITDA, and grew its Bitcoin holdings to 8,427 BTC. The larger reserve gives the company substantial exposure to Bitcoin prices. Article: Eric Trump’s American Bitcoin Banks $126M Profit—But ABTC Shares Dive
• Neutral Sentiment: The $126 million profit was driven chiefly by gains in the value of Bitcoin holdings, making it less indicative of recurring mining profitability. Article: Trump-linked American Bitcoin swings to $126 million profit but misses revenue estimates
• Negative Sentiment: Revenue of roughly $63.4 million fell short of expectations of $72.7 million. Mining costs also rose while production declined, weighing on the operating outlook; coverage reported a sharp post-results share-price drop. Article: American Bitcoin (ABTC) Stock Drops 15% After Trump-Linked Miner Misses Revenue Target
• Negative Sentiment: HC Wainwright cut its estimates for multiple 2027 quarters and lowered its full-year 2027 EPS forecast from $1.64 to $1.46. It maintained a Buy rating and $22 target, but the reductions reinforce concerns about near-term earnings. MarketBeat analyst estimates

About American Bitcoin

Gryphon Digital Mining is an innovative venture in the bitcoin space. Gryphon Digital Mining, formerly known as Akerna Corp., is based in DENVER.