Abits Group Stock Performance
| ABTS Stock | 0.62 0.04 6.06% |
On a scale of 0 to 100, Abits holds a performance score of 6. The firm shows a Beta (market volatility) of 1.09, which signifies a somewhat significant risk relative to the market. Abits returns are very sensitive to returns on the market. As the market goes up or down, Abits is expected to follow. Please check Abits' total risk alpha and the relationship between the potential upside and day typical price , to make a quick decision on whether Abits' price patterns will revert.
Risk-Adjusted Performance
6 of 100
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Modest
Compared to the overall equity markets, risk-adjusted returns on investments in Abits Group are ranked lower than 6 (%) of all global equities and portfolios over the last 90 days. In spite of comparatively conflicting basic indicators, Abits unveiled solid returns over the last few months and may actually be approaching a breakup point. ...more
Last Split Factor 1:5 | Last Split Date 2019-04-22 |
1 | SRM Entertainment Trading Down 1.3 percent - Defense World | 09/04/2024 |
2 | Enstar Group Shares Up 0.6 percent - Defense World | 09/30/2024 |
3 | 12 Information Technology Stocks Moving In Thursdays Pre-Market Session - Benzinga | 10/17/2024 |
4 | 12 Information Technology Stocks Moving In Tuesdays After-Market Session - Benzinga | 10/29/2024 |
5 | ABITS GROUP INC. Acquires Additional 400 Units of Antminer T21 | 11/25/2024 |
| Begin Period Cash Flow | 2.5 M | |
| Free Cash Flow | -7.5 M |
Abits |
Abits Relative Risk vs. Return Landscape
If you would invest 49.00 in Abits Group on August 30, 2024 and sell it today you would earn a total of 10.00 from holding Abits Group or generate 20.41% return on investment over 90 days. Abits Group is currently generating 0.5194% in daily expected returns and assumes 6.773% risk (volatility on return distribution) over the 90 days horizon. In different words, 60% of stocks are less volatile than Abits, and 90% of all traded equity instruments are projected to make higher returns than the company over the 90 days investment horizon. Expected Return |
| Risk |
Abits Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Abits' investment risk. Standard deviation is the most common way to measure market volatility of stocks, such as Abits Group, and traders can use it to determine the average amount a Abits' price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = 0.0767
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Estimated Market Risk
| 6.77 actual daily | 60 60% of assets are less volatile |
Expected Return
| 0.52 actual daily | 10 90% of assets have higher returns |
Risk-Adjusted Return
| 0.08 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.
Abits Fundamentals Growth
Abits Stock prices reflect investors' perceptions of the future prospects and financial health of Abits, and Abits fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on Abits Stock performance.
| Return On Equity | -0.57 | ||||
| Return On Asset | -0.0777 | ||||
| Profit Margin | (1.70) % | ||||
| Operating Margin | (0.1) % | ||||
| Current Valuation | 20.59 M | ||||
| Shares Outstanding | 35.55 M | ||||
| Price To Book | 1.86 X | ||||
| Price To Sales | 3.93 X | ||||
| Revenue | 1.68 M | ||||
| EBITDA | (7.59 M) | ||||
| Net Income | (12.59 M) | ||||
| Total Debt | 1.01 M | ||||
| Book Value Per Share | 0.32 X | ||||
| Cash Flow From Operations | 1.76 M | ||||
| Earnings Per Share | (0.26) X | ||||
| Market Capitalization | 20.98 M | ||||
| Total Asset | 12.32 M | ||||
| Retained Earnings | (77.89 M) | ||||
| Working Capital | 652.94 K | ||||
About Abits Performance
Assessing Abits' fundamental ratios provides investors with valuable insights into Abits' financial health and overall profitability. This information is crucial for making informed investment decisions. A high ROA would indicate that the Abits is effectively leveraging its assets and equity to generate significant profits, making it an appealing investment. Conversely, low Return on Assets could signal underlying management issues in assets and equity, indicating a necessity for operational refinements. Please also refer to our technical analysis and fundamental analysis pages.
| Last Reported | Projected for Next Year | ||
| Days Of Inventory On Hand | 1.18 | 1.12 | |
| Return On Tangible Assets | (1.13) | (1.19) | |
| Return On Capital Employed | (0.97) | (0.92) | |
| Return On Assets | (1.02) | (1.07) | |
| Return On Equity | (1.11) | (1.06) |
Things to note about Abits Group performance evaluation
Checking the ongoing alerts about Abits for important developments is a great way to find new opportunities for your next move. Stock alerts and notifications screener for Abits Group help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| Abits Group is way too risky over 90 days horizon | |
| Abits Group has some characteristics of a very speculative penny stock | |
| Abits Group appears to be risky and price may revert if volatility continues | |
| Abits Group has high likelihood to experience some financial distress in the next 2 years | |
| The company reported the previous year's revenue of 1.68 M. Net Loss for the year was (12.59 M) with profit before overhead, payroll, taxes, and interest of 0. | |
| About 23.0% of the company shares are held by company insiders | |
| Latest headline from gurufocus.com: ABITS GROUP INC. Acquires Additional 400 Units of Antminer T21 |
- Analyzing Abits' financial statements, including its income statement, balance sheet, and cash flow statement, helps in understanding its overall financial health and growth potential.
- Getting a closer look at valuation ratios like price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and price-to-book (P/B) ratio help in understanding whether Abits' stock is overvalued or undervalued compared to its peers.
- Examining Abits' industry or sector and how it is performing can give you an idea of its growth potential and how it is positioned relative to its competitors.
- Evaluating Abits' management team can have a significant impact on its success or failure. Reviewing the track record and experience of Abits' management team can help you assess the Company's leadership.
- Pay attention to analyst opinions and ratings of Abits' stock. These opinions can provide insight into Abits' potential for growth and whether the stock is currently undervalued or overvalued.
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.