Abits Group (ABTS) AI Stock Analysis

• Market Cap: $5.33M
• Dividend Yield: N/A
• Average Volume (3M): 21.58K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.93
• Revenue Growth: N/A
• EPS Growth: N/A
• Country: US
• Employees: 11
• Sector: Communication Services
• Sector Strength: 79
• Industry: Financial - Capital Markets
• EPS (TTM): -3.84
• Shares Outstanding: 2,370,312
• 10 Day Avg. Volume: 29,253
• 30 Day Avg. Volume: 21,580
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): 4.95
• Price to Cash Flow (P/CF): N/A
• P/FCF Ratio: 0.00
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0

Abits Group's overall stock score is primarily impacted by weak financial performance, characterized by persistent losses and negative cash flows. The technical analysis provides some hope for stabilization or minor gains, but the valuation metrics reflect deep financial challenges. The lack of additional insights from the earnings call further underscores the need for strategic improvements to drive future performance.

Abits Group Business Overview & Revenue Model

Company Description

Abits Group Inc., a digital company, engages in the provision of bitcoin mining and related services in the United States. The company was formerly known as Moxian (BVI) Inc and changed its name to Abits Group Inc. in November 2023. Abits Group Inc. was incorporated in 2021 and is based in Tsim Sha Tsui, Hong Kong.

How the Company Makes Money

Abits Group (ABTS) generates revenue through a multifaceted business model that leverages its diverse portfolio. The company earns income from the sale of its technology products and software solutions, which cater to both individual consumers and large enterprises. In the energy sector, ABTS capitalizes on the growing demand for sustainable alternatives by offering renewable energy products and services, including solar panels and energy management systems. Additionally, ABTS benefits from its consumer goods division, which markets a wide range of products to meet everyday needs. Strategic partnerships with key players in various industries further bolster the company's revenue streams, providing access to new markets and enhancing its competitive edge.

Abits Group Financial Statement Overview

Summary

Abits Group exhibits financial instability with ongoing losses and negative cash flows. Despite an increase in revenue, profitability remains elusive. The strong equity position is a positive, yet the lack of debt only partially offsets the risks associated with persistent losses. The company needs to improve its margins and cash flow management to strengthen its financial health.

Income Statement

Abits Group's income statement reveals weak profitability with a negative net profit margin and significant EBIT and EBITDA losses. Although there is a notable increase in total revenue from the previous year, the revenue growth is driven from a low base. The company has struggled to maintain positive gross profit margins in recent years, reflecting operating challenges.

Balance Sheet

The balance sheet shows a strong equity position with no debt, resulting in a debt-to-equity ratio of zero. However, the company's return on equity is negative due to continued losses. The equity ratio is relatively healthy, indicating that the company is not highly leveraged. Despite this, the substantial net losses are a concern for future equity sustainability.

Cash Flow

Cash flow analysis highlights negative free cash flow, though there has been a significant improvement in operating cash flow. The company has been able to maintain liquidity, but the high capital expenditures indicate ongoing investments that are not yet yielding positive returns. Free cash flow remains negative, posing challenges for future cash sustainability.

Breakdown
Dec 2023	Dec 2022	Dec 2021	Sep 2020	Sep 2019
Income Statement		Total Revenue
1.68M	164.43K	219.33K	946.47K	370.41K
	Gross Profit
789.61K	-296.86K	219.33K	946.47K	370.41K
	EBIT
-11.01M	-19.26M	-2.87M	72.72K	-529.69K
	EBITDA
-7.59M	-15.26M	-2.68M	72.72K	-529.69K
	Net Income Common Stockholders
-12.61M	-21.52M	-2.74M	72.72K	300.45K
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
884.20K	2.51M	2.51M	5.25K	425.63K
	Total Assets
12.32M	24.53M	7.74M	2.30M	2.53M
	Total Debt
0.00	0.00	0.00	359.55K	497.29K
	Net Debt
-884.20K	-2.51M	-2.51M	354.30K	71.66K
	Total Liabilities
1.01M	613.46K	1.17M	1.89M	2.38M
	Stockholders Equity
11.31M	23.92M	6.57M	400.77K	148.69K
Cash Flow		Free Cash Flow
-7.49M	-40.02M	-1.10M	-1.73M	-1.18M
	Operating Cash Flow
1.76M	-7.32M	-1.10M	-1.73M	-1.18M
	Investing Cash Flow
-3.36M	-32.71M	0.00	0.00	0.00
	Financing Cash Flow
0.00	40.00M	3.60M	1.13M	897.29K

Abits Group Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 2.57
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For ABTS, the sentiment is Neutral. The current price of 2.57 is above the 20-day moving average (MA) of 2.26, below the 50-day MA of 3.90, and below the 200-day MA of 6.80, indicating a neutral trend. The MACD of -0.49 indicates Negative momentum. The RSI at 47.31 is Neutral, neither overbought nor oversold. The STOCH value of 68.42 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for ABTS.

Abits Group Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	58 Neutral	$13.15B	6.73	-2.46%	3.87%	2.36%	-36.74%
KRKR	54 Neutral	$8.02M	―		―	―	―
ABTS	47 Neutral	$5.33M	―	-57.31%	―	―	―
LDWY	40 Underperform	$7.08M	―	-47.89%	―	97.63%	-945.35%