Atkore (NYSE:ATKR – Get Free Report) and American Battery Technology (NASDAQ:ABAT – Get Free Report) are both industrials companies, but which is the better investment? We will compare the two businesses based on the strength of their profitability, valuation, dividends, institutional ownership, earnings, risk and analyst recommendations.
Institutional & Insider Ownership
9.9% of American Battery Technology shares are owned by institutional investors. 2.1% of Atkore shares are owned by insiders. Comparatively, 7.7% of American Battery Technology shares are owned by insiders. Strong institutional ownership is an indication that hedge funds, large money managers and endowments believe a company is poised for long-term growth.
Profitability
This table compares Atkore and American Battery Technology’s net margins, return on equity and return on assets.
| Net Margins | Return on Equity | Return on Assets | |
| Atkore | -5.55% | 10.27% | 4.90% |
| American Battery Technology | -337.50% | -64.63% | -61.52% |
Analyst Ratings
| Sell Ratings | Hold Ratings | Buy Ratings | Strong Buy Ratings | Rating Score | |
| Atkore | 1 | 4 | 0 | 1 | 2.17 |
| American Battery Technology | 1 | 0 | 1 | 1 | 2.67 |
Atkore presently has a consensus target price of $143.33, suggesting a potential upside of 51.22%. American Battery Technology has a consensus target price of $6.00, suggesting a potential upside of 163.16%. Given American Battery Technology’s stronger consensus rating and higher probable upside, analysts plainly believe American Battery Technology is more favorable than Atkore.
Earnings and Valuation
This table compares Atkore and American Battery Technology”s gross revenue, earnings per share and valuation.
| Gross Revenue | Price/Sales Ratio | Net Income | Earnings Per Share | Price/Earnings Ratio | |
| Atkore | $2.85 billion | 1.12 | -$15.18 million | ($4.81) | -19.71 |
| American Battery Technology | $21.74 million | 14.95 | -$73.38 million | ($0.57) | -4.00 |
Atkore has higher revenue and earnings than American Battery Technology. Atkore is trading at a lower price-to-earnings ratio than American Battery Technology, indicating that it is currently the more affordable of the two stocks.
Volatility and Risk
Atkore has a beta of 1.69, suggesting that its share price is 69% more volatile than the S&P 500. Comparatively, American Battery Technology has a beta of 0.42, suggesting that its share price is 58% less volatile than the S&P 500.
Summary
American Battery Technology beats Atkore on 8 of the 14 factors compared between the two stocks.
About Atkore
Atkore Inc. engages in the manufacture and sale of electrical, mechanical, safety, and infrastructure products and solutions in the United States and internationally. The company offers conduits, cables, and installation accessories. It also designs and manufactures protection and reliability solutions for critical infrastructure, such as metal framing, mechanical pipe, perimeter security, and cable management. The company offers its products under the Allied Tube & Conduit, AFC Cable Systems, Kaf-Tech, Heritage Plastics, Unistrut, Power-Strut, Cope, US Tray, FRE Composites, United Poly Systems, Calbond, and Calpipe. It serves various end markets, including new construction; maintenance, repair, and remodel; infrastructure; diversified industrials; alternative power generation; healthcare; data centers; and governments through electrical, industrial, and mechanical contractors, as well as original equipment manufacturers. The company was formerly known as Atkore International Group Inc. and changed its name to Atkore Inc. in February 2021. Atkore Inc. was founded in 1959 and is headquartered in Harvey, Illinois.
About American Battery Technology
American Battery Technology Company operates as a battery materials company. The company explores for resources of battery metals, such as such as lithium, nickel, cobalt, and manganese; and develops and commercializes technologies for the extraction of battery metals, as well as commercializes integrated process for the recycling of lithium-ion batteries. The company was formerly known as American Battery Metals Corporation. American Battery Technology Company was incorporated in 2011 and is headquartered in Reno, Nevada.
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