Abits Group Stock Price on October 30, 2024
| ABTS Stock | 0.66 0.03 4.76% |
Below is the normalized historical share price chart for Abits Group extending back to April 10, 2014. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of Abits stands at 0.66, as last reported on the 25th of November, with the highest price reaching 0.68 and the lowest price hitting 0.62 during the day.
If you're considering investing in Abits Stock, it is important to understand the factors that can impact its price. Abits appears to be out of control, given 3 months investment horizon. Abits Group secures Sharpe Ratio (or Efficiency) of 0.087, which signifies that the company had a 0.087% return per unit of risk over the last 3 months. By analyzing Abits' technical indicators, you can evaluate if the expected return of 0.58% is justified by implied risk. Please makes use of Abits' Downside Deviation of 7.18, mean deviation of 4.54, and Risk Adjusted Performance of 0.0745 to double-check if our risk estimates are consistent with your expectations.
Total Stockholder Equity is likely to drop to about 9.3 M in 2024. Common Stock Shares Outstanding is likely to drop to about 24.3 M in 2024. At this time, Abits' Price Book Value Ratio is comparatively stable compared to the past year. Price Earnings To Growth Ratio is likely to gain to 0.08 in 2024, despite the fact that Price Earnings Ratio is likely to grow to (3.32). Abits Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
IPO Date 10th of April 2014 | 200 Day MA 0.6286 | 50 Day MA 0.5204 | Beta 2.706 |
Abits |
Sharpe Ratio = 0.087
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Estimated Market Risk
| 6.63 actual daily | 59 59% of assets are less volatile |
Expected Return
| 0.58 actual daily | 11 89% of assets have higher returns |
Risk-Adjusted Return
| 0.09 actual daily | 6 94% of assets perform better |
Based on monthly moving average Abits is performing at about 6% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Abits by adding it to a well-diversified portfolio.
Price Book 1.9864 | Enterprise Value Ebitda (19.39) | Price Sales 4.1916 | Shares Float 25.9 M | Earnings Share (0.26) |
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Abits Valuation on October 30, 2024
It is possible to determine the worth of Abits on a given historical date. On October 30, 2024 Abits was worth 0.51 at the beginning of the trading date compared to the closed value of 0.55. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Abits stock. Still, in general, we apply an absolute valuation method to find Abits' value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Abits where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Abits' related companies.
| Open | High | Low | Close | Volume | |
| 0.47 | 0.61 | 0.45 | 0.58 | 396,726 | |
10/30/2024 | 0.51 | 0.58 | 0.51 | 0.55 | 175,500 |
| 0.62 | 0.62 | 0.51 | 0.54 | 36,900 |
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Abits Trading Date Momentum on October 30, 2024
| On October 31 2024 Abits Group was traded for 0.54 at the closing time. The top price for the day was 0.62 and the lowest listed price was 0.51 . The trading volume for the day was 36.9 K. The trading history from October 31, 2024 was a factor to the next trading day price decrease. The overall trading delta against the next closing price was 1.82% . The overall trading delta against the current closing price is 9.09% . |
Abits Group Fundamentals Correlations and Trends
By evaluating Abits' financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Abits' main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Abits financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Abits Stock history
Abits investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Abits is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Abits Group will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Abits stock prices may prove useful in developing a viable investing in Abits
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 35.6 M | 24.3 M |
Abits Quarterly Net Working Capital |
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Abits Stock Technical Analysis
Abits technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
Price Boundaries
Abits Period Price Range
Low | November 25, 2024
| High |
0.00 | 0.00 |
Abits Group cannot be verified against its exchange. Please verify the symbol is currently traded on NASDAQ Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
Abits November 25, 2024 Market Strength
Market strength indicators help investors to evaluate how Abits stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Abits shares will generate the highest return on investment. By undertsting and applying Abits stock market strength indicators, traders can identify Abits Group entry and exit signals to maximize returns
Abits Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Abits' price direction in advance. Along with the technical and fundamental analysis of Abits Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Abits to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.0745 | |||
| Jensen Alpha | 0.6121 | |||
| Total Risk Alpha | (0.48) | |||
| Sortino Ratio | 0.0598 | |||
| Treynor Ratio | (1.07) |
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Additional Tools for Abits Stock Analysis
When running Abits' price analysis, check to measure Abits' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Abits is operating at the current time. Most of Abits' value examination focuses on studying past and present price action to predict the probability of Abits' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Abits' price. Additionally, you may evaluate how the addition of Abits to your portfolios can decrease your overall portfolio volatility.