ABTS Stock Overview
Operates in the bitcoin mining business in the United States. More details
| Snowflake Score | |
|---|---|
| Valuation | 2/6 |
| Future Growth | 0/6 |
| Past Performance | 0/6 |
| Financial Health | 3/6 |
| Dividends | 0/6 |
My Notes
Capture your thoughts, links and company narrative
Abits Group Inc. Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | US$0.46 |
| 52 Week High | US$1.60 |
| 52 Week Low | US$0.38 |
| Beta | 2.71 |
| 1 Month Change | -27.78% |
| 3 Month Change | -7.14% |
| 1 Year Change | -54.95% |
| 3 Year Change | -87.47% |
| 5 Year Change | -77.25% |
| Change since IPO | -98.58% |
Recent News & Updates
Recent updates
We're Keeping An Eye On Abits Group's (NASDAQ:ABTS) Cash Burn Rate
Mar 07
Is Moxian (BVI) (NASDAQ:MOXC) In A Good Position To Invest In Growth?
Nov 12Moxian to divest Chinese unit amid uncertainty over govt tightening control over gaming
Aug 15This Is Why We Think Moxian, Inc.'s (NASDAQ:MOXC) CEO Might Get A Pay Rise Approved By Shareholders
Jun 18Shareholder Returns
| ABTS | US Software | US Market | |
|---|---|---|---|
| 7D | -8.0% | -2.2% | -2.4% |
| 1Y | -55.0% | 22.4% | 23.4% |
Return vs Industry: ABTS underperformed the US Software industry which returned 21.9% over the past year.
Return vs Market: ABTS underperformed the US Market which returned 23.3% over the past year.
Price Volatility
| ABTS volatility | |
|---|---|
| ABTS Average Weekly Movement | 16.8% |
| Software Industry Average Movement | 7.9% |
| Market Average Movement | 6.3% |
| 10% most volatile stocks in US Market | 16.8% |
| 10% least volatile stocks in US Market | 3.1% |
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 (17%) has been stable over the past year, but is still higher than 75% of US stocks.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 2021 | 11 | Forrest Deng | www.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
| ABTS fundamental statistics | |
|---|---|
| Market cap | US$16.18m |
| Earnings (TTM) | -US$9.10m |
| Revenue (TTM) | US$5.34m |
3.0x
P/S Ratio-1.8x
P/E RatioIs ABTS overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| ABTS income statement (TTM) | |
|---|---|
| Revenue | US$5.34m |
| Cost of Revenue | US$3.56m |
| Gross Profit | US$1.79m |
| Other Expenses | US$10.88m |
| Earnings | -US$9.10m |
Last Reported Earnings
Jun 30, 2024
Next Earnings Date
n/a
| Earnings per share (EPS) | -0.26 |
| Gross Margin | 33.42% |
| Net Profit Margin | -170.22% |
| Debt/Equity Ratio | 0% |
How did ABTS perform over the long term?
See historical performance and comparisonCompany Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/22 07:42 |
| End of Day Share Price | 2024/12/20 00:00 |
| Earnings | 2024/06/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Abits Group Inc. is covered by 0 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
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