American Bitcoin (NASDAQ:ABTC) Trading Up 9.6% – Here’s What Happened

Posted by Tyrone Williams on Sep 19th, 2026

American Bitcoin Corp. (NASDAQ:ABTC – Get Free Report)’s stock price was up 9.6% during mid-day trading on Thursday . The company traded as high as $8.97 and last traded at $8.9250. Approximately 686,874 shares were traded during trading, a decline of 42% from the average daily volume of 1,180,188 shares. The stock had previously closed at $8.14.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on ABTC shares. Maxim Group set a $15.00 price target on shares of American Bitcoin and gave the stock a “buy” rating in a research note on Tuesday, July 21st. Wall Street Zen lowered American Bitcoin from a “hold” rating to a “sell” rating in a report on Saturday, August 8th. BTIG Research began coverage on American Bitcoin in a research report on Wednesday. They issued a “buy” rating and a $15.00 price target on the stock. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of American Bitcoin in a research note on Wednesday, June 24th. Four equities research 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. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $37.50.

Check Out Our Latest Research Report on American Bitcoin

American Bitcoin Stock Performance

The stock has a market capitalization of $735.48 million, a PE ratio of -3.31 and a beta of 3.92. The business’s 50-day moving average is $7.17 and its two-hundred day moving average is $11.90.

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

Insiders Place Their Bets

In related news, Director Justin Mateen bought 162,438 shares of the company’s stock in a transaction on Thursday, August 6th. The stock was bought at an average cost of $6.19 per share, with a total value of $1,005,491.22. Following the completion of the acquisition, the director owned 492,297 shares in the company, valued at approximately $3,047,318.43. This represents a 49.24% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 2.57% of the company’s stock.

Institutional Trading of American Bitcoin

A number of institutional investors have recently bought and sold shares of the company. Kingsbury Capital Investment Advisors LLC increased its position in American Bitcoin by 142.1% during 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 in the last quarter. Renaissance Technologies LLC acquired a new stake in shares of American Bitcoin during the first quarter worth $1,589,000. PCG Wealth Advisors LLC increased its stake in American Bitcoin by 78.2% in the second quarter. PCG Wealth Advisors LLC now owns 1,222,358 shares of the company’s stock valued at $833,000 after purchasing an additional 536,325 shares during the last quarter. Caitong International Asset Management Co. Ltd lifted its position in American Bitcoin by 2,180,227.3% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 479,672 shares of the company’s stock worth $815,000 after buying an additional 479,650 shares during the period. Finally, PNC Financial Services Group Inc. lifted its position in American Bitcoin by 54,246.1% during the first quarter. PNC Financial Services Group Inc. now owns 874,972 shares of the company’s stock worth $808,000 after buying an additional 873,362 shares during the period. 10.21% of the stock is currently owned by hedge funds and other institutional investors.