American Bitcoin (NASDAQ:ABTC) Shares Gap Up – Here’s What Happened

17 Apr 2026, 13:37 by Renee Jackson · The Cerbat Gem

American Bitcoin Corp. (NASDAQ:ABTC – Get Free Report)’s stock price gapped up before the market opened on Friday . The stock had previously closed at $1.13, but opened at $1.21. American Bitcoin shares last traded at $1.3850, with a volume of 3,976,308 shares trading hands.

Analyst Ratings Changes

A number of research analysts have recently issued reports on ABTC shares. Zacks Research lowered American Bitcoin from a “hold” rating to a “strong sell” rating in a research report on Friday, March 27th. Weiss Ratings reiterated a “sell (d)” rating on shares of American Bitcoin in a research report on Friday, March 27th. Finally, HC Wainwright started coverage on American Bitcoin in a research report on Monday, February 2nd. They set a “buy” rating and a $4.00 target price on the stock. Two investment analysts have rated the stock with a Buy rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, American Bitcoin has a consensus rating of “Hold” and a consensus target price of $4.00.

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American Bitcoin Trading Up 16.4%

The company has a market cap of $1.39 billion, a PE ratio of -1.51 and a beta of 3.75. The business has a fifty day simple moving average of $1.03 and a two-hundred day simple moving average of $2.64.

American Bitcoin (NASDAQ:ABTC – Get Free Report) last issued its earnings results on Friday, March 27th. The company reported ($0.07) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.09). American Bitcoin had a negative return on equity of 22.09% and a negative net margin of 46.41%.The company had revenue of $78.32 million during the quarter, compared to analyst estimates of $79.64 million. Equities analysts expect that American Bitcoin Corp. will post -0.76 EPS for the current year.

Insiders Place Their Bets

In related news, Director Justin Mateen bought 1,800,000 shares of the business’s stock in a transaction on Tuesday, March 3rd. The stock was acquired at an average cost of $1.03 per share, with a total value of $1,854,000.00. Following the purchase, the director directly owned 2,524,975 shares of the company’s stock, valued at $2,600,724.25. The trade was a 248.28% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Richard Busch acquired 68,000 shares of the business’s stock in a transaction that occurred on Thursday, March 5th. The shares were acquired at an average cost of $1.15 per share, with a total value of $78,200.00. Following the completion of the transaction, the director directly owned 1,398,975 shares in the company, valued at approximately $1,608,821.25. The trade was a 5.11% increase in their position. The SEC filing for this purchase provides additional information. Insiders acquired a total of 2,198,000 shares of company stock valued at $2,266,100 over the last ninety days. Corporate insiders own 15.00% of the company’s stock.

Institutional Trading of American Bitcoin

A number of hedge funds and other institutional investors have recently modified their holdings of ABTC. CWM LLC increased its position in shares of American Bitcoin by 1,031.4% during the 4th quarter. CWM LLC now owns 17,062 shares of the company’s stock worth $29,000 after purchasing an additional 15,554 shares during the last quarter. Aptus Capital Advisors LLC acquired a new stake in shares of American Bitcoin during the 4th quarter worth about $33,000. Forty three Eighteen Advisors LLC acquired a new stake in shares of American Bitcoin during the 4th quarter worth about $34,000. Kitching Partners LLC acquired a new stake in shares of American Bitcoin during the 4th quarter worth about $37,000. Finally, StoneX Group Inc. acquired a new stake in shares of American Bitcoin during the 4th quarter worth about $38,000. 10.21% of the stock is owned by institutional investors and hedge funds.

American Bitcoin Company Profile

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