(ABTS) Abits - Ratings and Ratios

Abitz Group Inc. (NASDAQ: ABTS) operates in the bitcoin mining sector in the United States. The company, rebranded from Moxian (BVI) Inc. in November 2023, focuses on cryptocurrency mining activities. Incorporated in 2021 and headquartered in Causeway Bay, Hong Kong, Abitz Group Inc. has shifted its strategic direction toward bitcoin mining, reflecting a broader industry trend of companies diversifying into cryptocurrency-related ventures. The companys website is accessible at https://www.abitsgroup.com.

Ticker Symbol: ABTS
Exchange: NASDAQ
Type: common stock
Country Origin: Hong Kong
GICS Sub Industry: Advertising

Average Volume 20d: 23250
Last Price: 0.25
SMA 20: 0.41
SMA 50: 0.46
SMA 200: 0.52
ATR: 0.05

Market Cap: 8.94M USD
P/E: 0.00
P/E Forward: 0.00
P/B: 1.01
P/S: 1.67
RoE: None

3-Month Forecast:
Based on the technical and fundamental data, Abitz Group Inc. (ABTS) is expected to experience continued volatility in its stock price. The stock is currently trading below its 20, 50, and 200-day moving averages, indicating bearish momentum. The low average volume of 23,250 shares suggests limited liquidity, which could exacerbate price swings. The Average True Range (ATR) of 0.05 indicates relatively small price movements, but this could change if volume increases. From a fundamental perspective, the companys small market capitalization of $8.94 million and price-to-book (P/B) ratio of 1.01 suggest it is valued near its book value. The price-to-sales (P/S) ratio of 1.67 indicates the market is pricing the stock based on its revenue potential. With no forward P/E ratio available, investors should focus on the companys ability to generate profits and grow its operations in the competitive bitcoin mining industry. Over the next three months, ABTS is likely to remain under pressure, trading in a narrow range near its current price of $0.25, with potential downside risks if the broader cryptocurrency market weakens. Any positive movement would likely depend on external factors such as increases in bitcoin prices or improved mining efficiency.