In yesterday’s Wall Street session, Aqua Metals Inc. (NASDAQ:AQMS) shares traded at $1.13, up 2.73% from the previous session.
As of this writing, 2 analysts cover Aqua Metals Inc. (NASDAQ:AQMS). The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $4.00 and a low of $4.00, we find $4.00. Given the previous closing price of $1.10, this indicates a potential upside of 263.64 percent. AQMS stock price is now -7.51% away from the 50-day moving average and 4.05% away from the 200-day moving average. The market capitalization of the company currently stands at $113.50M.
There are 1 analysts who have given it a hold rating, whereas 1 have given it a buy rating. Brokers who have rated the stock have averaged $4.00 as their price target over the next twelve months.
In other news, SMITH EDWARD J, Director bought 90,500 shares of the company’s stock on Jul 19. The stock was bought for $99,550 at an average price of $1.10. Upon completion of the transaction, the Director now directly owns 309,050 shares in the company, valued at $0.35 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jul 19, Director Zhang Peifang bought 72,900 shares of the business’s stock. A total of $80,190 was incurred on buying the stock at an average price of $1.10. This leaves the insider owning 251,050 shares of the company worth $0.28 million. Insiders disposed of 958,611 shares of company stock worth roughly $1.08 million over the past 1 year. A total of 6.70% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in AQMS stock. A new stake in Aqua Metals Inc. shares was purchased by VIRTU FINANCIAL LLC during the first quarter worth $75,000. SUNESIS ADVISORS, LLC invested $57,000 in shares of AQMS during the first quarter. In the first quarter, MILLENNIUM MANAGEMENT LLC acquired a new stake in Aqua Metals Inc. valued at approximately $47,000. KESTRA ADVISORY SERVICES, LLC acquired a new stake in AQMS for approximately $38,000. TWO SIGMA SECURITIES, LLC purchased a new stake in AQMS valued at around $14,000 in the second quarter. In total, there are 67 active investors with 18.70% ownership of the company’s stock.
Friday morning saw Aqua Metals Inc. (NASDAQ: AQMS) opened at $1.1000. During the past 12 months, Aqua Metals Inc. has had a low of $0.50 and a high of $1.76. As of last week, the company has a debt-to-equity ratio of 0.19, a current ratio of 2.30, and a quick ratio of 2.10. The fifty day moving average price for AQMS is $1.2227 and a two-hundred day moving average price translates $1.0875 for the stock.
The latest earnings results from Aqua Metals Inc. (NASDAQ: AQMS) was released for Jun, 2023. According to the Waste Management Company, earnings per share came in at -$0.06, missing analysts’ expectations of -$0.04 by -0.02. This compares to -$0.04 EPS in the same period last year. For the current quarter, analysts expect AQMS to generate $90k in revenue.
Aqua Metals Inc.(AQMS) Company Profile
Aqua Metals, Inc. engages in the business of applying a commercialized clean water-based recycling technology to develop recycling solutions for lead and lithium-ion batteries in the United States. Its AquaRefining technology, a recycling technology that replaces polluting furnaces and hazardous chemicals with electricity-powered electroplating to recover metals and materials from spent batteries. The company also produces and sells hard lead, lead compounds, and plastics. Aqua Metals, Inc. was incorporated in 2014 and is based in Reno, Nevada.
