Is Abits Stock a Good Investment?
Abits Investment Advice | ABTS |
- Examine Abits' financial health by looking at its balance sheet, income statement, and cash flow statement. Analyze key financial ratios, such as Price-to-Earnings (P/E), Price-to-Sales (P/S), and Price-to-Book (P/B), to determine whether the stock is fairly valued or over/undervalued.
- Research Abits' leadership team and their track record. Good management can help Abits navigate difficult times and make strategic decisions that benefit shareholders and increases its net worth.
- Consider the overall health of the Advertising space and any emerging trends that could impact Abits' business and its evolving consumer preferences.
- Compare Abits' performance and market position to its competitors. Analyze how Abits is positioned in terms of product offerings, innovation, and market share.
- Check if Abits pays a dividend and its dividend yield and payout ratio.
- Review what financial analysts are saying about Abits' stock and their price targets. However, remember that analysts' opinions can vary, and their predictions may not always be accurate.
It's important to note that investing in Abits Group stock, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember that it's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. Below is a detailed guide on how to decide if Abits Group is a good investment.
Sell | Buy |
Strong Sell
Market Performance | OK | Details | |
Volatility | Abnormally volatile | Details | |
Hype Condition | Over hyped | Details | |
Current Valuation | Overvalued | Details | |
Odds Of Distress | High | Details | |
Economic Sensitivity | Moves completely opposite to the market | Details | |
Investor Sentiment | Alarmed | Details | |
Analyst Consensus | Not Available | Details | |
Financial Strenth (F Score) | Healthy | Details | |
Financial Leverage | Inapplicable | Details | |
Reporting Quality (M-Score) | Possible Manipulator | Details |
Examine Abits Stock
Researching Abits' stock involves analyzing various aspects of the company and its industry to make an informed investment decision. The key areas to focus on are fundamentals, business model and competitive advantage. It is also important to analyze trends in revenue, net income, and cash flow, as well as key financial ratios, such as price-to-earnings (P/E), price-to-sales (P/S), and debt-to-equity (D/E). About 28.0% of the company shares are held by company insiders. The company has price-to-book (P/B) ratio of 1.08. Some equities with similar Price to Book (P/B) outperform the market in the long run. Abits Group recorded a loss per share of 0.38. The entity had not issued any dividends in recent years. The firm had 1:5 split on the 22nd of April 2019.
To determine if Abits is a good investment, evaluating the company's potential for future growth is also very important. This may include expanding into new markets, launching new products or services, or improving operational efficiency. Companies with strong growth prospects can be more attractive investments. This aspect of the research should be conducted in the context of the overall market and industry in which the company operates and should include an analysis of growth potential, competitive landscape, and any regulatory or economic factors that could impact the business. Some of the essential points regarding Abits' research are outlined below:
| Abits Group is way too risky over 90 days horizon | |
| Abits Group appears to be risky and price may revert if volatility continues | |
| Abits Group has high likelihood to experience some financial distress in the next 2 years | |
| The company reported the previous year's revenue of 6.71 M. Net Loss for the year was (909.66 K) with profit before overhead, payroll, taxes, and interest of 3.38 M. | |
| About 28.0% of the company shares are held by company insiders | |
| Latest headline from benzinga.com: 12 Information Technology Stocks Moving In Fridays Intraday Session |
Abits uses earnings reports to provide investors with an update of all three financial statements, including the income statement, the balance sheet, and the cash flow statement. Therefore, it is also crucial when considering investing in Abits Group. Every quarterly earnings report provides investors with an overview of sales, expenses, and net income for the most recent period. It also may provide a comparison to Abits' previous reporting period. The quarterly earnings reports are usually disseminated to the public via Form 10-Q, which is a legal document filed with the Securities and Exchange Commission every quarter.
| 10th of May 2024 Upcoming Quarterly Report | View | |
| 31st of December 2023 Next Fiscal Quarter End | View |
Abits' market capitalization trends
The company currently falls under 'Micro-Cap' category with a current market capitalization of 11.16 M.Market Cap |
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Abits' profitablity analysis
| Last Reported | Projected for Next Year | ||
| Return On Tangible Assets | (0.08) | (0.09) | |
| Return On Capital Employed | 0.33 | 0.31 | |
| Return On Assets | (0.08) | (0.09) | |
| Return On Equity | (0.09) | (0.09) |
Determining Abits' profitability involves analyzing its financial statements and using various financial metrics to determine if Abits is a good buy. For example, gross profit margin measures Abits' profitability after accounting for the cost of goods sold, while net profit margin measures profitability after accounting for all expenses. Other important metrics include return on assets, return on equity, and free cash flow. By reviewing multiple sources and metrics, you can gain a complete picture of Abits' profitability and make more informed investment decisions.
Please note, the imprecision that can be found in Abits' accounting process means that the reasonable investor should take a skeptical approach toward the financial statement analysis of Abits Group. Check Abits' Beneish M Score to see the likelihood of Abits' management manipulating its earnings.
Evaluate Abits' management efficiency
Abits Group has return on total asset (ROA) of (0.0705) % which means that it has lost $0.0705 on every $100 spent on assets. This is way below average. Similarly, it shows a return on stockholder's equity (ROE) of (0.0839) %, meaning that it created substantial loss on money invested by shareholders. Abits' management efficiency ratios could be used to measure how well Abits manages its routine affairs as well as how well it operates its assets and liabilities. Return On Tangible Assets is likely to drop to -0.09 in 2025. Return On Capital Employed is likely to drop to 0.31 in 2025. At this time, Abits' Total Current Assets are comparatively stable compared to the past year. Fixed Asset Turnover is likely to gain to 0.75 in 2025, whereas Non Current Assets Total are likely to drop slightly above 6.7 M in 2025.| Last Reported | Projected for Next Year | ||
| Book Value Per Share | 4.38 | 4.60 | |
| Tangible Book Value Per Share | 4.27 | 4.48 | |
| Enterprise Value Over EBITDA | 0.28 | 0.29 | |
| Price Book Value Ratio | 0.16 | 0.17 | |
| Enterprise Value Multiple | 0.28 | 0.29 | |
| Price Fair Value | 0.16 | 0.17 | |
| Enterprise Value | 514.1 K | 488.4 K |
Understanding the operational decisions made by Abits management offers insights into its financial robustness. This evaluation is crucial for assessing the stock's investment potential.
Beta 3.25 |
Basic technical analysis of Abits Stock
As of the 20th of July, Abits shows the Downside Deviation of 10.73, risk adjusted performance of 0.1191, and Mean Deviation of 12.55. Abits Group technical analysis gives you the methodology to make use of historical prices and volume patterns to determine a pattern that approximates the direction of the firm's future prices. Please confirm Abits Group information ratio, as well as the relationship between the potential upside and kurtosis to decide if Abits Group is priced correctly, providing market reflects its regular price of 4.71 per share. Given that Abits has jensen alpha of 4.29, we suggest you to validate Abits Group's prevailing market performance to make sure the company can sustain itself at a future point.Understand Abits' technical and predictive indicators
Using predictive indicators to make investment decisions involves analyzing Abits' various financial and market-based factors to help forecast future trends and identify investment opportunities. Select the indicators that are most relevant to your investment strategy. Each indicator has its own strengths and weaknesses, so it's essential to combine multiple indicators to get a more comprehensive view of the market and reduce the risk of making poor decisions based on limited data.
| Risk Adjusted Performance | 0.1191 | |||
| Market Risk Adjusted Performance | (1.69) | |||
| Mean Deviation | 12.55 | |||
| Semi Deviation | 9.09 | |||
| Downside Deviation | 10.73 | |||
| Coefficient Of Variation | 853.87 | |||
| Standard Deviation | 34.13 | |||
| Variance | 1164.65 | |||
| Information Ratio | 0.113 | |||
| Jensen Alpha | 4.29 | |||
| Total Risk Alpha | (0.79) | |||
| Sortino Ratio | 0.3593 | |||
| Treynor Ratio | (1.70) | |||
| Maximum Drawdown | 315.88 | |||
| Value At Risk | (9.94) | |||
| Potential Upside | 28.86 | |||
| Downside Variance | 115.17 | |||
| Semi Variance | 82.68 | |||
| Expected Short fall | (19.26) | |||
| Skewness | 6.7 | |||
| Kurtosis | 51.25 |
| Risk Adjusted Performance | 0.1191 | |||
| Market Risk Adjusted Performance | (1.69) | |||
| Mean Deviation | 12.55 | |||
| Semi Deviation | 9.09 | |||
| Downside Deviation | 10.73 | |||
| Coefficient Of Variation | 853.87 | |||
| Standard Deviation | 34.13 | |||
| Variance | 1164.65 | |||
| Information Ratio | 0.113 | |||
| Jensen Alpha | 4.29 | |||
| Total Risk Alpha | (0.79) | |||
| Sortino Ratio | 0.3593 | |||
| Treynor Ratio | (1.70) | |||
| Maximum Drawdown | 315.88 | |||
| Value At Risk | (9.94) | |||
| Potential Upside | 28.86 | |||
| Downside Variance | 115.17 | |||
| Semi Variance | 82.68 | |||
| Expected Short fall | (19.26) | |||
| Skewness | 6.7 | |||
| Kurtosis | 51.25 |
Consider Abits' intraday indicators
Abits intraday indicators are useful technical analysis tools used by many experienced traders. Just like the conventional technical analysis, daily indicators help intraday investors to analyze the price movement with the timing of Abits stock daily movement. By combining multiple daily indicators into a single trading strategy, you can limit your risk while still earning strong returns on your managed positions.
Abits time-series forecasting models is one of many Abits' stock analysis techniques aimed to predict future share value based on previously observed values. Time-series forecasting models ae widely used for non-stationary data. Non-stationary data are called the data whose statistical properties e.g. the mean and standard deviation are not constant over time but instead, these metrics vary over time. These non-stationary Abits' historical data is usually called time-series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the market movement and maximize returns from investment trading.
Abits Stock media impact
There is far too much social signal, news, headlines, and media speculation about Abits that are available to investors today. This information is accessible both publicly - through Abits' media outlets and privately, via word of mouth or internal channels. However, regardless of the source, the sheer volume of Abits-related data is difficult to distill into actionable insights, especially for investors who are not well-versed in the rapidly evolving tools and techniques of investment management.
A primary focus of Abits news analysis is to determine if its current price reflects all relevant headlines and social signals impacting the current market conditions. A news analyst typically looks at the history of Abits relative headlines and hype rather than examining external drivers such as technical or fundamental data. It is believed that price action tends to repeat itself due to investors' collective, patterned thinking related to Abits' headlines and news coverage data. This data is often completely overlooked or insufficiently analyzed for actionable insights to drive Abits alpha.
Abits Sentiment by Major News Outlets
Investor sentiment, mood or attitude towards Abits can have a significant impact on its stock price or the market as a whole. This sentiment can be positive or negative, and various factors, such as economic indicators, news events, or market trends, can influence it. When investor sentiment is positive, investors are more likely to buy stocks, increasing demand and increasing the stock price. Positive investor sentiment can be driven by good news about the company or the broader market, such as solid earnings reports or positive economic data.
Note that negative investor sentiment can cause investors to sell stocks, leading to a decrease in demand and a drop in the stock price. Negative sentiment can be driven by factors such as poor earnings reports, negative news about the company or industry, or broader economic concerns. It's important to note that investor sentiment is just one of many factors that can affect stock prices. Other factors, such as company performance, industry trends, and global economic conditions, can also play a significant role in determining the value of a stock.
Abits Corporate Executives
Elected by the shareholders, the Abits' board of directors comprises two types of representatives: Abits inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Abits. The board's role is to monitor Abits' management team and ensure that shareholders' interests are well served. Abits' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Abits' outside directors are responsible for providing unbiased perspectives on the board's policies.
| Wanhong Tan | CFO Secretary | Profile |
Already Invested in Abits Group?
The danger of trading Abits Group is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Abits is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Abits. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Abits Group is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Additional Tools for Abits Stock Analysis
When running Abits' price analysis, check to measure Abits' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Abits is operating at the current time. Most of Abits' value examination focuses on studying past and present price action to predict the probability of Abits' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Abits' price. Additionally, you may evaluate how the addition of Abits to your portfolios can decrease your overall portfolio volatility.