HC Wainwright Has Negative Forecast for ABTC FY2026 Earnings

American Bitcoin Corp. (NASDAQ:ABTC) – Stock analysts at HC Wainwright dropped their FY2026 earnings estimates for American Bitcoin in a note issued to investors on Thursday, November 5th. HC Wainwright analyst M. Colonnese now expects that the company will post earnings of ($0.03) per share for the year, down from their prior forecast of $1.24. HC Wainwright has a “Buy” rating and a $22.00 price objective on the stock. The consensus estimate for American Bitcoin’s current full-year earnings is ($0.03) per share.

Several other equities analysts have also weighed in on ABTC. Maxim Group set a $16.00 price objective on American Bitcoin and gave the company a “buy” rating in a report on Monday, October 12th. Wall Street Zen upgraded American Bitcoin from a “sell” rating to a “hold” rating in a research note on Saturday. Weiss Ratings reaffirmed a “sell (d)” rating on shares of American Bitcoin in a research report on Monday, September 21st. BTIG Research dropped their price target on American Bitcoin from $15.00 to $12.00 and set a “buy” rating on the stock in a research report on Thursday, November 5th. Finally, Zacks Research upgraded American Bitcoin to a “hold” rating in a research note on Tuesday, October 13th. Four analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $27.50.

American Bitcoin Stock Down 0.9%

NASDAQ:ABTC opened at $5.30 on Monday. American Bitcoin has a 12 month low of $4.91 and a 12 month high of $80.35. The firm’s 50 day moving average is $8.04 and its 200 day moving average is $12.11.

American Bitcoin (NASDAQ:ABTC) last issued its quarterly earnings results on Wednesday, November 4th. The company reported $1.73 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.86 by ($1.13). American Bitcoin had a negative return on equity of 10.69% and a negative net margin of 26.74%. The company had revenue of $63.35 million for the quarter, compared to analysts’ expectations of $72.70 million.

Hedge Funds Weigh In On American Bitcoin

Several hedge funds have recently made changes to their positions in ABTC. Integrated Wealth Concepts LLC raised its stake in shares of American Bitcoin by 44.8% during the 2nd quarter. Integrated Wealth Concepts LLC now owns 49,517 shares of the company’s stock valued at $34,000 after purchasing an additional 15,321 shares during the period. Kingsbury Capital Investment Advisors LLC boosted its stake in American Bitcoin by 142.1% in the 2nd quarter. Kingsbury Capital Investment Advisors LLC now owns 2,391,091 shares of the company’s stock worth $1,629,000 after purchasing an additional 1,403,547 shares during the period. PCG Wealth Advisors LLC boosted its stake in American Bitcoin by 78.2% in the 2nd quarter. PCG Wealth Advisors LLC now owns 1,222,358 shares of the company’s stock worth $833,000 after purchasing an additional 536,325 shares during the period. Bank of New York Mellon Corp purchased a new position in American Bitcoin during the 2nd quarter valued at about $273,000. Finally, Maripau Wealth Management LLC purchased a new position in American Bitcoin during the 1st quarter valued at about $38,000. 10.21% of the stock is currently owned by hedge funds and other institutional investors.

About American Bitcoin

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