American Bitcoin (NASDAQ:ABTC) Shares Gap Up – Still a Buy?

Posted by Jeff Wilder on Apr 2nd, 2026

American Bitcoin Corp. (NASDAQ:ABTC – Get Free Report)’s stock price gapped up before the market opened on Tuesday . The stock had previously closed at $0.79, but opened at $0.8792. American Bitcoin shares last traded at $0.8140, with a volume of 2,994,203 shares changing hands.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the stock. Weiss Ratings restated a “sell (d)” rating on shares of American Bitcoin in a research report on Friday, March 27th. Zacks Research cut shares of American Bitcoin from a “hold” rating to a “strong sell” rating in a research report on Friday, March 27th. HC Wainwright began coverage on shares of American Bitcoin in a research note on Monday, February 2nd. They set a “buy” rating and a $4.00 target price for the company. Finally, Roth Mkm initiated coverage on shares of American Bitcoin in a report on Wednesday, December 10th. They issued a “buy” rating and a $4.00 target price on the stock. Two analysts have rated the stock with a Buy rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $4.00.

View Our Latest Analysis on American Bitcoin

American Bitcoin Stock Down 0.7%

The firm has a market cap of $851.72 million, a price-to-earnings ratio of -1.06 and a beta of 3.75. The firm has a 50 day moving average of $1.14 and a 200 day moving average of $3.09.

American Bitcoin (NASDAQ:ABTC – Get Free Report) last issued its quarterly earnings results on Friday, March 27th. The company reported ($0.07) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.02 by ($0.09). The business had revenue of $78.32 million during the quarter, compared to analyst estimates of $79.64 million. American Bitcoin had a negative net margin of 46.41% and a negative return on equity of 22.09%. 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 purchased 1,800,000 shares of American Bitcoin stock in a transaction on Tuesday, March 3rd. The stock was acquired at an average cost of $1.03 per share, for a total transaction of $1,854,000.00. Following the completion of the acquisition, the director owned 2,524,975 shares of the company’s stock, valued at $2,600,724.25. This trade represents a 248.28% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Richard Busch purchased 240,000 shares of the firm’s stock in a transaction on Tuesday, March 3rd. The stock was bought at an average cost of $0.96 per share, with a total value of $230,400.00. Following the completion of the purchase, the director owned 1,240,975 shares of the company’s stock, valued at approximately $1,191,336. This represents a 23.98% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders have purchased a total of 2,198,000 shares of company stock worth $2,266,100 in the last quarter. 15.00% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On American Bitcoin

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. United Capital Management of KS Inc. bought a new stake in American Bitcoin in the 3rd quarter valued at about $4,886,000. Moloney Securities Asset Management LLC bought a new position in American Bitcoin in the third quarter worth approximately $178,000. Quent Capital LLC bought a new position in American Bitcoin in the third quarter worth approximately $52,000. SCS Capital Management LLC acquired a new stake in American Bitcoin in the fourth quarter valued at approximately $191,000. Finally, Handelsbanken Fonder AB acquired a new stake in American Bitcoin in the fourth quarter valued at approximately $73,000. Institutional investors own 10.21% of the company’s stock.