American Bitcoin Corp. (NASDAQ:ABTC – Get Free Report) Director Justin Mateen bought 144,543 shares of American Bitcoin stock in a transaction that occurred on Wednesday, August 5th. The stock was bought at an average price of $6.40 per share, with a total value of $925,075.20. Following the completion of the acquisition, the director owned 329,859 shares in the company, valued at approximately $2,111,097.60. The trade was a 78.00% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Justin Mateen also recently made the following trade(s):

• On Thursday, August 6th, Justin Mateen bought 162,438 shares of American Bitcoin stock. The shares were bought at an average cost of $6.19 per share, with a total value of $1,005,491.22.

Shares of ABTC stock opened at $6.47 on Friday. American Bitcoin Corp. has a 12 month low of $4.92 and a 12 month high of $217.80. The business’s 50 day moving average is $8.88 and its two-hundred day moving average is $14.24. The company has a market cap of $471.15 million, a PE ratio of -2.12 and a beta of 3.86.

American Bitcoin (NASDAQ:ABTC – Get Free Report) last released its quarterly earnings results on Monday, August 3rd. The company reported ($0.80) EPS for the quarter. American Bitcoin had a negative net margin of 71.75% and a negative return on equity of 29.89%. The firm had revenue of $67.01 million during the quarter.

Several research analysts recently commented on the stock. Wall Street Zen downgraded shares of American Bitcoin from a “hold” rating to a “sell” rating in a report on Saturday. Zacks Research upgraded shares of American Bitcoin from a “strong sell” rating to a “hold” rating in a report on Tuesday, April 28th. Maxim Group set a $15.00 price target on American Bitcoin and gave the company a “buy” rating in a research report on Tuesday, July 21st. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of American Bitcoin in a research note on Wednesday, June 24th. Three investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $45.00.

View Our Latest Stock Analysis on ABTC

Several hedge funds have recently modified their holdings of ABTC. Solari Capital Management LLC acquired a new position in American Bitcoin during the 3rd quarter valued at $317,612,000. Charles Schwab Investment Management Inc. acquired a new stake in American Bitcoin in the 4th quarter worth $5,285,000. Providence Capital Advisors LLC acquired a new stake in American Bitcoin in the 4th quarter worth $4,244,000. State Street Corp increased its holdings in shares of American Bitcoin by 3,933.2% during the 4th quarter. State Street Corp now owns 2,392,690 shares of the company’s stock worth $4,068,000 after purchasing an additional 2,333,365 shares during the period. Finally, Renaissance Technologies LLC bought a new position in shares of American Bitcoin during the 1st quarter worth about $1,589,000. 10.21% of the stock is owned by institutional investors.

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Gryphon Digital Mining is an innovative venture in the bitcoin space. Gryphon Digital Mining, formerly known as Akerna Corp., is based in DENVER.

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