Shares of Aqua Metals Inc (NASDAQ:AQMS) have been given a consensus broker rating score of 0.00 () from the one analysts that provide coverage for the stock, Zacks Investment Research reports. One analyst has rated the stock with a strong buy rating.
Brokerages have set a 12 month consensus target price of $34.00 for the company and are anticipating that the company will post ($0.21) earnings per share for the current quarter, according to Zacks. Zacks has also given Aqua Metals an industry rank of 105 out of 265 based on the ratings given to its competitors.
AQMS has been the subject of a number of research reports. Oppenheimer Holdings Inc. reissued an “outperform” rating on shares of Aqua Metals in a research report on Tuesday, December 20th. Zacks Investment Research raised shares of Aqua Metals from a “hold” rating to a “buy” rating and set a $15.00 target price for the company in a research report on Tuesday, January 3rd. National Bank Financial initiated coverage on shares of Aqua Metals in a research report on Thursday, February 16th. They set an “outperform” rating for the company. National Securities initiated coverage on shares of Aqua Metals in a research report on Thursday, February 16th. They set a “buy” rating and a $25.00 target price for the company. Finally, CIBC reissued an “outperform” rating and set a $34.00 target price (up from $16.00) on shares of Aqua Metals in a research report on Monday, March 13th.
Aqua Metals (NASDAQ:AQMS) opened at 19.54 on Monday. The company’s market capitalization is $377.85 million. The company has a 50-day moving average of $18.21 and a 200-day moving average of $12.79. Aqua Metals has a 52 week low of $7.15 and a 52 week high of $22.75.
Aqua Metals (NASDAQ:AQMS) last issued its quarterly earnings data on Tuesday, February 14th. The company reported ($0.30) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.22) by $0.08. During the same period last year, the company earned ($0.17) EPS. On average, equities research analysts anticipate that Aqua Metals will post ($0.35) EPS for the current year.
In other news, insider Stephen Cotton sold 4,415 shares of the stock in a transaction that occurred on Wednesday, March 22nd. The shares were sold at an average price of $17.84, for a total transaction of $78,763.60. Following the completion of the transaction, the insider now directly owns 97,706 shares of the company’s stock, valued at approximately $1,743,075.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Thomas Michael Murphy sold 20,000 shares of the stock in a transaction that occurred on Wednesday, March 8th. The shares were sold at an average price of $17.24, for a total transaction of $344,800.00. Following the transaction, the chief financial officer now directly owns 765,455 shares of the company’s stock, valued at $13,196,444.20. The disclosure for this sale can be found here. 19.70% of the stock is owned by corporate insiders.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Oppenheimer & Co. Inc. bought a new position in Aqua Metals during the third quarter worth $144,000. Advisor Group Inc. increased its position in Aqua Metals by 2,361.6% in the third quarter. Advisor Group Inc. now owns 12,308 shares of the company’s stock worth $107,000 after buying an additional 11,808 shares in the last quarter. Mangrove Partners bought a new position in Aqua Metals during the third quarter worth $1,190,000. AWM Investment Company Inc. increased its position in Aqua Metals by 13.8% in the third quarter. AWM Investment Company Inc. now owns 1,272,250 shares of the company’s stock worth $11,272,000 after buying an additional 154,600 shares in the last quarter. Finally, Russell Investments Group Ltd. bought a new position in Aqua Metals during the fourth quarter worth $455,000. 20.52% of the stock is owned by hedge funds and other institutional investors.
About Aqua Metals
Aqua Metals, Inc is engaged in the business of recycling lead through a process that the Company developed and named AquaRefining. AquaRefining process will provide for the recycling of lead acid batteries (LABs) and the production of lead. AquaRefining is a water-based ambient temperature process. The modular nature of AquaRefining makes it possible to start LAB recycling at a smaller scale than is possible with smelters.
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