12 Month Price Forecast For ABTS
Distance to ABTS Price Forecasts
ABTS Price Momentum
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Disclaimer: The information provided by Ticker Nerd is for educational and informational purposes only. It should not be considered financial or investment advice. Past performance is not indicative of future results. Always conduct your own research and consult with a qualified financial advisor before making any investment decisions. Analyst ratings and price forecasts are sourced from Wall St analysts and other experts. These projections are speculative and do not guarantee future stock performance.
Data last updated: January 23, 2025 2:01 AM UTC
ABTS Analyst Ratings & Price Targets
Currently, there are no Wall Street analyst price targets or forecasts available for ABTS (Abits Group).
ABTS is currently trading at $0.52. Without active analyst coverage, investors should conduct thorough independent research and consider multiple data points beyond price targets when evaluating this stock for their portfolio.
Please note that analyst price targets are forward-looking estimates subject to substantial market, economic, and company-specific risks. Past performance does not guarantee future results, and actual stock performance may materially differ from these projections. Investors should conduct their own due diligence and consider their investment objectives and risk tolerance before making investment decisions.
ABTS Analyst Consensus
ABTS Price Target Range
Latest ABTS Stock Forecasts by Analyst
These are the latest 20 analyst ratings and price targets for ABTS.
| Date | Firm | Analyst | Rating | Change | Price Target |
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The following stocks are similar to Abits Group based on their market capitalization and industry sector. These similar stocks potentially provide investors with alternative investment opportunities within the same market segment.
Abits Group Inc (ABTS) Financial Data
Abits Group Inc has a market capitalization of $18.13M with a P/E ratio of -1.5x. The company generates $5.34M in trailing twelve-month revenue with a -170.2% profit margin.
Revenue growth is +50,362.4% quarter-over-quarter, while maintaining an operating margin of -9.7% and return on equity of -57.3%.
Valuation Metrics
Growth & Margins
Financial Health
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Abits Group Inc (ABTS) Company Overview
About Abits Group Inc
Operates in the bitcoin mining business.
The company generates revenue through bitcoin mining activities, leveraging advanced technology and infrastructure to mine cryptocurrencies efficiently. By capitalizing on the growing demand for bitcoin and other digital currencies, it aims to maximize profitability in this volatile market.
Abits Group Inc. was previously known as Moxian (BVI) Inc. and rebranded in November 2023. It was incorporated in 2021 and operates out of Causeway Bay, Hong Kong, positioning itself in a strategic location for its business ventures.
Company Information
Sector
Financial Services
Industry
Capital Markets
Employees
11
CEO
Mr. Conglin Deng
Country
Hong Kong
IPO Year
2016
Website
www.abitsgroup.comAbits Group Inc (ABTS) Latest News & Analysis
Abits Group Inc Announces Deployment of 500 S19XP Machines, Adding 70,500 TH to Operations
2 months agoAbits Group Inc. (NASDAQ: ABTS) has deployed 500 S19XP mining machines in Duff, Tennessee, increasing its hash rate by 70,500 TH and enhancing operational capacity.
Abits Group's deployment of 500 S19XP mining machines increases its hash rate, enhancing operational capacity and potential profitability in the competitive Bitcoin mining sector.
Abits Group Inc (NASDAQ: ABTS) has been granted an additional 180 days to meet NASDAQ's minimum bid price requirement, now due by April 7, 2025. The stock must close above $1.00 for 10 consecutive days.
Abits Group Inc has secured extra time to meet NASDAQ's minimum bid price, potentially stabilizing its stock and indicating ongoing operational viability amid market challenges.
Abits Group Inc (NASDAQ: ABTS) announced its half-year results for the period ending June 30, 2024. Further details on performance are expected in the full report.
Abits Group's half-year results can impact stock performance, influencing investor sentiment and potential stock valuation based on earnings and growth prospects.
Abits Group Reports continued growth in Q2
5 months agoAbits Group Inc (NASDAQ: ABTS), a U.S. data center operator focused on bitcoin mining, reports continued progress in Q2 2024.
Abits Group's progress in Q2 2024 signals growth in a niche sector, potentially boosting investor confidence and impacting stock performance amid rising interest in bitcoin mining.
Abits Group Inc. Company Welcomes Christopher Silva as Vice President of HR and Business Development
5 months agoAbits Group Inc. has appointed Christopher Silva as Vice President of HR and Business Development, effective May 1, 2024.
The appointment of Christopher Silva as VP of HR and Business Development may signal strategic growth and operational improvements at Abits Group, potentially boosting investor confidence in the company's future performance.
Abits Group Inc. Achieves Strong Growth and Expansion in Q1 2024, Sets Stage for Continued Progress in Q2
8 months agoAbits Group Inc. (NASDAQ: ABTS) reported significant achievements and expansion plans for Q1 2024, focusing on growth in its Bitcoin self-mining operations in the U.S.
Abits Group's expansion and achievements in Bitcoin self-mining indicate potential revenue growth, enhancing its market position and attracting investor interest in a volatile crypto sector.
Frequently Asked Questions About ABTS Stock
What is Abits Group Inc's (ABTS) stock forecast for 2025?
Analyst forecasts for Abits Group Inc (ABTS) are not currently available. The stock is trading at $0.52.
Is ABTS stock a good investment in 2025?
Analyst ratings for ABTS are not currently available. The stock is currently trading at $0.52. Investment decisions should be based on thorough research and your personal financial goals. Always conduct your own research and consider your investment goals before making investment decisions.
What is the price prediction for ABTS stock?
Price predictions from Wall Street analysts for ABTS are not currently available. The stock is trading at $0.52.
What is Abits Group Inc's business model?
The company generates revenue through bitcoin mining activities, leveraging advanced technology and infrastructure to mine cryptocurrencies efficiently. By capitalizing on the growing demand for bitcoin and other digital currencies, it aims to maximize profitability in this volatile market.
What is the highest forecasted price for ABTS Abits Group Inc?
Price targets from Wall Street analysts for ABTS are not currently available. The stock is trading at $0.52.
What is the lowest forecasted price for ABTS Abits Group Inc?
Price targets from Wall Street analysts for ABTS are not currently available. The stock is trading at $0.52.
What is the overall ABTS consensus from analysts for Abits Group Inc?
Analyst ratings for ABTS are not currently available. The stock is trading at $0.52.
How accurate are ABTS stock price projections?
Stock price projections, including those for Abits Group Inc, are based on various factors including financial models, market conditions, and analyst forecasts. While these predictions provide valuable insights, they should be considered alongside your own research and risk tolerance.
