American Bitcoin (NASDAQ:ABTC) Trading Up 12.8% – Time to Buy?

Posted by Stanley Muller on Aug 21st, 2026

American Bitcoin Corp. (NASDAQ:ABTC – Get Free Report)’s stock price shot up 12.8% during trading on Wednesday . The stock traded as high as $7.46 and last traded at $7.8290. Approximately 477,945 shares changed hands during trading, a decline of 56% from the average daily volume of 1,081,222 shares. The stock had previously closed at $6.94.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on ABTC shares. Weiss Ratings reaffirmed a “sell (d)” rating on shares of American Bitcoin in a research note on Wednesday, June 24th. Maxim Group set a $15.00 target price on shares of American Bitcoin and gave the stock a “buy” rating in a research report on Tuesday, July 21st. Wall Street Zen cut shares of American Bitcoin from a “hold” rating to a “sell” rating in a research report on Saturday, August 8th. Finally, Zacks Research upgraded shares of American Bitcoin from a “strong sell” rating to a “hold” rating in a research note on Tuesday, April 28th. Three equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $45.00.

Get Our Latest Stock Analysis on American Bitcoin

American Bitcoin Price Performance

The firm has a 50-day simple moving average of $7.75 and a 200 day simple moving average of $13.16. The company has a market capitalization of $616.79 million, a PE ratio of -2.78 and a beta of 3.86.

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

Insider Buying and Selling

In related news, Director Justin Mateen purchased 162,438 shares of American Bitcoin stock in a transaction that occurred on Thursday, August 6th. The shares were purchased at an average cost of $6.19 per share, with a total value of $1,005,491.22. Following the transaction, the director owned 492,297 shares of the company’s stock, valued at approximately $3,047,318.43. The trade was a 49.24% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 2.57% of the company’s stock.

Institutional Trading of American Bitcoin

A number of hedge funds have recently made changes to their positions in ABTC. Hunter Associates Investment Management LLC purchased a new position in American Bitcoin in the 1st quarter valued at about $117,000. J. Derek Lewis & Associates Inc. acquired a new stake in shares of American Bitcoin during the fourth quarter valued at about $39,000. Forty three Eighteen Advisors LLC purchased a new stake in shares of American Bitcoin during the fourth quarter worth about $34,000. Caitong International Asset Management Co. Ltd increased its position in shares of American Bitcoin by 2,180,227.3% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 479,672 shares of the company’s stock worth $815,000 after acquiring an additional 479,650 shares during the last quarter. Finally, Aristides Capital LLC acquired a new position in shares of American Bitcoin in the fourth quarter worth about $200,000. Hedge funds and other institutional investors own 10.21% of the company’s stock.