Add ABAT to your list of penny stocks to watch. This stock is set up on a technical level and a fundamental and could really move if the dollar keeps getting hammered. We are about to start QE 2 and some analyst feel it is already priced in, but we think the dollar has another 4-5% to lose.
ABAT – Is on a wedge pattern breakout, but this company has great fundamentals. It has hit $4.00 twice in 2 consecutive trading days. Although this may not hit $4.01 today, it will hit that and explode. The perfect entry for day & swing traders on this is $4.01. We feel it will pop hard when it hits this price. We do wait until the stocks hit our price before we buy though. So we will not consider a trade until an order has been filled at $4.01.
Advanced Battery Technologies, Inc., through its subsidiaries, engages in the design, manufacture, and marketing of rechargeable polymer lithium-ion (PLI) batteries in the United States, Europe, and Asia. The companys rechargeable PLI batteries are used in consumer products, such as portable computers, personal digital assistants, and cellular telephones. It also develops and manufactures various types of electric vehicles, including electric bicycles, electric scooters, and electric sports utility vehicles. Advanced Battery Technologies, Inc. was founded in 1984 and is based in New York, New York.
NEW YORK, Sept. 23, 2010 (GLOBE NEWSWIRE) — Advanced Battery Technologies, Inc. (Nasdaq: ABAT), a leading developer, manufacturer and distributor of rechargeable Polymer Lithium-Ion (PLI) batteries as well as a manufacturer of electric vehicles, today announced that it received an order to sell aluminum magnesium alloy electric scooters valued at $0.35 million to Italy-based Menzaghi Motors. The company expects to ship these electric scooters in the fourth quarter 2010.
After conducting an in-depth market survey, the company developed the aluminum magnesium alloy electric scooter specifically designed to meet customers’ request for lighter weight vehicles delivering greater mileage.
Mr. Zhiguo Fu, CEO of ABAT, stated, “This initial order exemplifies management’s significant progress in developing new products and services to meet the needs of our customers. As the orders for our aluminum magnesium alloy electric scooter increase in the European market and we will expand our product development and distribution efforts with additional new electric vehicles to meet a growing global demand.”
Advanced Battery Technologies has a P/E ratio of 7.7 and an EV/FCF ratio of 170.4 over the trailing 12 months. If we stretch and compare current valuations to the five-year averages for earnings and free cash flow, Advanced Battery Technologies has a P/E ratio of 17.4 and a five-year EV/FCF ratio of 42.9.
The consistency of past earnings and cash flow
An ideal company will be consistently strong in its earnings and cash flow generation.
In the past five years, Advanced Battery Technologies’ net income margin has ranged from 17.4% to 48.4%. In that same time frame, unlevered free cash flow margin has ranged from -0.4% to 46%.
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