American Bitcoin Corp. (NASDAQ:ABTC) Receives Consensus Recommendation of "Hold" from Analysts

Shares of American Bitcoin Corp. (NASDAQ:ABTC - Get Free Report) have been assigned a consensus recommendation of "Hold" from the five ratings firms that are presently covering the firm, Marketbeat reports. One analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and three have given a buy recommendation to the company. The average 1 year price target among analysts that have covered the stock in the last year is $45.00.

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A number of research analysts have recently commented on ABTC shares. Maxim Group set a $15.00 price objective on American Bitcoin and gave the company a "buy" rating in a report on Tuesday, July 21st. Weiss Ratings restated a "sell (d)" rating on shares of American Bitcoin in a research note on Wednesday, June 24th. Wall Street Zen downgraded American Bitcoin from a "hold" rating to a "sell" rating in a report on Saturday, August 8th. Finally, Zacks Research raised shares of American Bitcoin from a "strong sell" rating to a "hold" rating in a report on Tuesday, April 28th.

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American Bitcoin Trading Down 0.8%

American Bitcoin stock opened at $7.26 on Friday. The stock has a market cap of $528.67 million, a P/E ratio of -2.38 and a beta of 3.86. The company has a fifty day simple moving average of $8.16 and a 200-day simple moving average of $13.66. American Bitcoin has a 12-month low of $4.92 and a 12-month high of $217.80.