American Bitcoin (NASDAQ:ABTC) Stock Rated Buy in New Coverage at HC Wainwright

HC Wainwright initiated coverage on shares of American Bitcoin (NASDAQ:ABTC) in a research note issued to investors on Monday, MarketBeat.com reports. The firm issued a buy rating and a $22.00 price target on the stock. HC Wainwright also issued estimates for American Bitcoin’s Q3 2026 earnings at $2.86 EPS, Q4 2026 earnings at $0.21 EPS, FY2026 earnings at $1.24 EPS, Q1 2027 earnings at $0.39 EPS, Q2 2027 earnings at $0.41 EPS, Q3 2027 earnings at $0.41 EPS, Q4 2027 earnings at $0.43 EPS and FY2027 earnings at $1.64 EPS.

Several other equities research analysts also recently commented on ABTC. Maxim Group set a $15.00 price objective on shares of American Bitcoin and gave the stock a “buy” rating in a research note on Tuesday, July 21st. Weiss Ratings reissued a “sell (d)” rating on shares of American Bitcoin in a research report on Monday, September 21st. BTIG Research began coverage on American Bitcoin in a research report on Wednesday, September 16th. They issued a “buy” rating and a $15.00 target price on the stock. Finally, Wall Street Zen lowered American Bitcoin from a “hold” rating to a “sell” rating in a research note on Saturday, August 8th. Four analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $28.25.

American Bitcoin Price Performance

NASDAQ:ABTC opened at $7.65 on Monday. American Bitcoin has a twelve month low of $4.92 and a twelve month high of $97.20. The company’s 50 day moving average is $8.24 and its two-hundred day moving average is $11.00.

American Bitcoin (NASDAQ:ABTC) last issued its quarterly earnings results on Monday, August 3rd. The company reported ($0.80) earnings per share (EPS) for the quarter. The company had revenue of $67.01 million for the quarter. American Bitcoin had a negative net margin of 71.75% and a negative return on equity of 29.89%. As a group, research analysts forecast that American Bitcoin will post 1.24 earnings per share for the current fiscal year.

Insider Activity

In other news, Director Justin Mateen bought 162,438 shares of the firm’s stock in a transaction that occurred on Thursday, August 6th. The stock was purchased at an average price of $6.19 per share, with a total value of $1,005,491.22. Following the completion of the acquisition, the director directly owned 492,297 shares of the company’s stock, valued at $3,047,318.43. This trade represents a 49.24% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 2.57% of the stock is currently owned by insiders.

Hedge Funds Weigh In On American Bitcoin

Hedge funds and other institutional investors have recently bought and sold shares of the business. Forty three Eighteen Advisors LLC purchased a new position in American Bitcoin during the 4th quarter worth approximately $34,000. J. Derek Lewis & Associates Inc. acquired a new stake in American Bitcoin during the 4th quarter valued at approximately $39,000. Marathon Trading Investment Management LLC purchased a new stake in shares of American Bitcoin in the 4th quarter valued at $67,000. EverSource Wealth Advisors LLC purchased a new stake in shares of American Bitcoin in the 1st quarter valued at $37,000. Finally, Maripau Wealth Management LLC purchased a new stake in shares of American Bitcoin in the 1st quarter valued at $38,000. Institutional investors and hedge funds own 10.21% of the company’s stock.

American Bitcoin News Summary

Here are the key news stories impacting American Bitcoin this week:

• Positive Sentiment: HC Wainwright reiterated a Buy rating and a $22 price target for American Bitcoin, well above the stock’s recent trading level. The firm forecast 2026 EPS of $1.24, including $2.86 in the third quarter and $0.21 in the fourth quarter. American Bitcoin Corp (ABTC) Gets a Buy from H.C. Wainwright
• Positive Sentiment: The analyst also projects American Bitcoin will remain profitable in 2027, with quarterly EPS estimates ranging from $0.39 to $0.43 and full-year EPS of $1.64. Those estimates support the bullish price target, although they are forecasts rather than reported results.
• Positive Sentiment: Separate coverage indicates analysts have lifted fair-value assumptions after revisiting their Bitcoin price outlook, providing a potential catalyst for the Bitcoin-focused miner. American Bitcoin Stock Sees Fair Value Lift As Analysts Rework Bitcoin Assumptions
• Neutral Sentiment: American Bitcoin’s shares recently traded below both their 50-day and 200-day moving averages, indicating continued technical weakness. The stock remains highly volatile, with a wide 52-week trading range.
• Negative Sentiment: Seeking Alpha characterized the mining business as receiving little value from the market despite American Bitcoin being among the lowest-cost listed miners in the second quarter and generating approximately $26 million in cash profit. Investors remain concerned about potential dilution, related-party fees payable to Hut 8 and limited liquidity. American Bitcoin: The Market Pays Almost Nothing for the Mining Business

American Bitcoin Company Profile

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