Despite a turbulent month for American Bitcoin Corp. (NASDAQ:ABTC), the company's fundamental valuation is becoming increasingly attractive to data-driven investors.

Check out ABTC’s stock price here.

Valuation Shift Amidst Volatility

Following a significant sell-off, ABTC's value score in Benzinga Edge’s Stock Rankings surged from 27.15 to 41.59 week-on-week.

This spike indicates that the stock's market price is now more favorably aligned with its assets and earnings potential relative to peers.

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Analyst Optimism vs. Price Trend

The improvement in valuation comes precisely as Roth Capital analyst Darren Aftahi initiated coverage with a “Buy” rating and a $4 price target, suggesting a potential upside of over 100% from recent closing prices.

Aftahi is found to be correct 47% of the time. Interestingly, Roth Capital is the underwriter for a special-purpose acquisition company called Colombier Acquisition Corp. III, which lists Donald Trump Jr. as a director, per a Reuters report.

While the price has tumbled by 62.88% over the last month due to the expiration of lock-up periods for early investors, including co-founder Eric Trump, the fundamental picture remains anchored by significant assets.

The company currently holds 4,783 BTC, valued at approximately $432 million. While ABTC closed 5.67% lower at $1.83 apiece on Thursday, it has fallen by 64.47% over the last six months and 8.50% year-to-date.

It was up 1.64% in premarket on Friday.

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Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

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