American Bitcoin (NASDAQ:ABTC) Stock Price Down 5.7% – Here’s What Happened

Posted by Geri Gentry on Sep 15th, 2026

Shares of American Bitcoin Corp. (NASDAQ:ABTC – Get Free Report) fell 5.7% during trading on Tuesday . The company traded as low as $8.16 and last traded at $8.1610. Approximately 232,275 shares changed hands during trading, a decline of 80% from the average daily volume of 1,176,804 shares. The stock had previously closed at $8.65.

Wall Street Analyst Weigh In

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

Get Our Latest Research Report on American Bitcoin

American Bitcoin Price Performance

The business’s 50-day simple moving average is $6.96 and its two-hundred day simple moving average is $12.07. The stock has a market capitalization of $602.73 million, a price-to-earnings ratio of -2.71 and a beta of 3.92.

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

Insider Transactions at American Bitcoin

In related news, Director Justin Mateen purchased 162,438 shares of the stock in a transaction that occurred on Thursday, August 6th. The stock was purchased at an average cost of $6.19 per share, for a total transaction of $1,005,491.22. Following the acquisition, the director owned 492,297 shares in the company, valued at approximately $3,047,318.43. This trade represents a 49.24% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 2.57% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Kingsbury Capital Investment Advisors LLC boosted its position in shares of American Bitcoin by 142.1% in the second quarter. Kingsbury Capital Investment Advisors LLC now owns 2,391,091 shares of the company’s stock worth $1,629,000 after buying an additional 1,403,547 shares during the period. Renaissance Technologies LLC purchased a new stake in shares of American Bitcoin during the 1st quarter valued at about $1,589,000. PCG Wealth Advisors LLC lifted its position in American Bitcoin by 78.2% during the 2nd quarter. PCG Wealth Advisors LLC now owns 1,222,358 shares of the company’s stock worth $833,000 after acquiring an additional 536,325 shares in the last quarter. Caitong International Asset Management Co. Ltd boosted its holdings in American Bitcoin by 2,180,227.3% in the 4th 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 period. Finally, PNC Financial Services Group Inc. boosted its holdings in American Bitcoin by 54,246.1% in the 1st quarter. PNC Financial Services Group Inc. now owns 874,972 shares of the company’s stock worth $808,000 after acquiring an additional 873,362 shares during the period. Institutional investors and hedge funds own 10.21% of the company’s stock.