Abits Group Stock Today
| ABTS Stock | 0.62 0.04 6.06% |
Performance6 of 100
| Odds Of DistressOver 54
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Abits is selling for under 0.62 as of the 28th of November 2024; that is 6.06% down since the beginning of the trading day. The stock's lowest day price was 0.6. Abits has 54 percent odds of going through some form of financial distress in the next two years and did not have a very good performance for investor during the last 90 trading days. Equity ratings for Abits Group are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 29th of October 2024 and ending today, the 28th of November 2024. Click here to learn more.
Business Domain Media & Entertainment | IPO Date 10th of April 2014 | Category Financial Services | Classification Communication Services |
Abits is entity of United States. It is traded as Stock on NASDAQ exchange. The company has 35.55 M outstanding shares of which 352.12 K shares are presently shorted by private and institutional investors with about 1.42 trading days to cover. More on Abits Group
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Abits Stock Highlights
| CEO Director | Conglin Deng | |||||||||||||||||||||||||||||||||||||||||||||
| Thematic Idea | Advertising (View all Themes) | |||||||||||||||||||||||||||||||||||||||||||||
| Business Concentration | Advertising, Media & Entertainment, Communication Services, NASDAQ Composite, Communication Services, Media, Advertising Agencies, Communication Services (View all Sectors) | |||||||||||||||||||||||||||||||||||||||||||||
Financial Strength
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Abits can leverage the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand Abits' financial leverage. It provides some insight into what part of Abits' total assets is financed by creditors.
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Abits Group (ABTS) is traded on NASDAQ Exchange in USA. It is located in Lee Garden One, Causeway Bay, Hong Kong and employs 11 people. Abits is listed under Advertising category by Fama And French industry classification. The company currently falls under 'Micro-Cap' category with a current market capitalization of 20.98 M. Abits Group conducts business under Media sector and is part of Communication Services industry. The entity has 35.55 M outstanding shares of which 352.12 K shares are presently shorted by private and institutional investors with about 1.42 trading days to cover.
Abits generates positive cash flow from operations, but has no cash available
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Ownership AllocationAbits holds a total of 35.55 Million outstanding shares. Abits Group retains significant amount of outstanding shares owned by insiders. An insider is usually defined as a CEO, other corporate executive, director, or institutional investor who own at least 10% of the company's outstanding shares. Please note that no matter how many assets the company secures, if the real value of the firm is less than the current market value, you may not be able to make money on it.
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Abits Corporate Executives
Elected by the shareholders, the Abits' board of directors comprises two types of representatives: Abits inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Abits. The board's role is to monitor Abits' management team and ensure that shareholders' interests are well served. Abits' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Abits' outside directors are responsible for providing unbiased perspectives on the board's policies.
| Wanhong Tan | CFO Secretary | Profile |
Already Invested in Abits Group?
The danger of trading Abits Group is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Abits is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Abits. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Abits Group is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
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.