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Abits Group NasdaqCM:ABTS Stock Report

Last Price

US$0.46

Market Cap

US$16.7m

7D

-1.4%

1Y

-48.5%

Updated

07 Oct, 2024

Data

Company Financials

Abits Group Inc. Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Abits Group
Historical stock prices
Current Share PriceUS$0.46
52 Week HighUS$1.60
52 Week LowUS$0.38
Beta2.73
11 Month Change-10.85%
3 Month Change1.33%
1 Year Change-48.49%
33 Year Change-93.76%
5 Year Change-75.34%
Change since IPO-98.55%

Recent News & Updates

We're Keeping An Eye On Abits Group's (NASDAQ:ABTS) Cash Burn Rate

Mar 07
We're Keeping An Eye On Abits Group's (NASDAQ:ABTS) Cash Burn Rate

Is Moxian (BVI) (NASDAQ:MOXC) In A Good Position To Invest In Growth?

Nov 12
Is Moxian (BVI) (NASDAQ:MOXC) In A Good Position To Invest In Growth?

Recent updates

We're Keeping An Eye On Abits Group's (NASDAQ:ABTS) Cash Burn Rate

Mar 07
We're Keeping An Eye On Abits Group's (NASDAQ:ABTS) Cash Burn Rate

Is Moxian (BVI) (NASDAQ:MOXC) In A Good Position To Invest In Growth?

Nov 12
Is Moxian (BVI) (NASDAQ:MOXC) In A Good Position To Invest In Growth?

Moxian to divest Chinese unit amid uncertainty over govt tightening control over gaming

Aug 15

This Is Why We Think Moxian, Inc.'s (NASDAQ:MOXC) CEO Might Get A Pay Rise Approved By Shareholders

Jun 18
This Is Why We Think Moxian, Inc.'s (NASDAQ:MOXC) CEO Might Get A Pay Rise Approved By Shareholders

Shareholder Returns

ABTSUS SoftwareUS Market
7D-1.4%-2.8%-0.7%
1Y-48.5%25.5%30.3%

Return vs Industry: ABTS underperformed the US Software industry which returned 27.8% over the past year.

Return vs Market: ABTS underperformed the US Market which returned 32.2% over the past year.

Price Volatility

Is ABTS's price volatile compared to industry and market?
ABTS volatility
ABTS Average Weekly Movement13.3%
Software Industry Average Movement7.7%
Market Average Movement6.4%
10% most volatile stocks in US Market15.1%
10% least volatile stocks in US Market3.1%

Stable Share Price: ABTS's share price has been volatile over the past 3 months compared to the US market.

Volatility Over Time: ABTS's weekly volatility (13%) has been stable over the past year, but is still higher than 75% of US stocks.

About the Company

FoundedEmployeesCEOWebsite
202111Forrest Dengwww.abitsgroup.com

Abits Group Inc. operates in the bitcoin mining business in the United States. The company was formerly known as Moxian (BVI) Inc and changed its name to Abits Group Inc. in November 2023. Abits Group Inc. was incorporated in 2021 and is based in Causeway Bay, Hong Kong.

Abits Group Inc. Fundamentals Summary

How do Abits Group's earnings and revenue compare to its market cap?
ABTS fundamental statistics
Market capUS$16.71m
Earnings (TTM)-US$9.10m
Revenue (TTM)US$5.34m

3.1x

P/S Ratio

-1.8x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
ABTS income statement (TTM)
RevenueUS$5.34m
Cost of RevenueUS$3.56m
Gross ProfitUS$1.79m
Other ExpensesUS$10.88m
Earnings-US$9.10m

Last Reported Earnings

Jun 30, 2024

Next Earnings Date

n/a

Earnings per share (EPS)-0.26
Gross Margin33.42%
Net Profit Margin-170.22%
Debt/Equity Ratio0%

How did ABTS perform over the long term?

See historical performance and comparison