Aqua Metals (NASDAQ:AQMS) Shares Pass Above Fifty Day Moving Average – What’s Next?

Shares of Aqua Metals, Inc. (NASDAQ:AQMS) crossed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $2.76 and traded as high as $2.89. Aqua Metals shares last traded at $2.86, with a volume of 12,284 shares traded.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the stock. Benchmark reiterated a “speculative buy” rating and issued a $5.00 price target (down from $12.00) on shares of Aqua Metals in a research note on Friday, July 31st. Weiss Ratings reissued a “sell (e+)” rating on shares of Aqua Metals in a research report on Friday, July 17th. One investment analyst has rated the stock with a Buy rating and one has given a Sell rating to the stock. According to MarketBeat.com, Aqua Metals has a consensus rating of “Hold” and a consensus price target of $5.00.

Aqua Metals Stock Performance

The company has a 50-day moving average price of $2.76 and a 200-day moving average price of $3.71. The firm has a market capitalization of $10.68 million, a price-to-earnings ratio of -0.64 and a beta of 0.33.

Aqua Metals (NASDAQ:AQMS) last issued its earnings results on Thursday, July 30th. The business services provider reported ($1.31) earnings per share for the quarter.

Institutional Trading of Aqua Metals

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Schonfeld Strategic Advisors LLC purchased a new stake in shares of Aqua Metals during the 3rd quarter worth approximately $82,000. Bank of America Corp DE grew its position in shares of Aqua Metals by 844.5% in the 3rd quarter. Bank of America Corp DE now owns 4,477 shares of the business services provider’s stock valued at $29,000 after buying an additional 4,003 shares during the last quarter. Geode Capital Management LLC purchased a new position in shares of Aqua Metals in the 4th quarter valued at $129,000. Stifel Financial Corp acquired a new stake in Aqua Metals during the 4th quarter worth $269,000. Finally, Price T Rowe Associates Inc. MD acquired a new stake in Aqua Metals during the 4th quarter worth $77,000. Institutional investors and hedge funds own 21.98% of the company’s stock.

Aqua Metals Company Profile

Aqua Metals Inc (NASDAQ: AQMS) is a technology-driven environmental company pioneering sustainable battery recycling solutions. The company’s core offering, branded as AquaRefining, utilizes an electrochemical process to recover lead, silver, and plastic components from spent lead-acid batteries without the need for high-temperature smelting. This water-based approach aims to eliminate air emissions and reduce energy consumption compared to conventional recycling methods.

Based in Reno, Nevada, Aqua Metals develops, manufactures, and licenses its proprietary modular recycling systems to industrial battery recyclers and battery manufacturers.