Aqua Metals (NASDAQ:AQMS) Share Price Passes Below 50 Day Moving Average – Here’s What Happened

Aqua Metals, Inc. (NASDAQ:AQMS) shares passed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $6.12 and traded as low as $5.17. Aqua Metals shares last traded at $5.27, with a volume of 111,587 shares traded.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Aqua Metals in a research note on Wednesday, January 21st. One research analyst has rated the stock with a Buy rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $30.00.

Aqua Metals Stock Down 2.9%

The stock has a market cap of $15.70 million, a PE ratio of -0.17 and a beta of -0.22. The stock’s fifty day moving average price is $6.12 and its 200 day moving average price is $6.14.

Aqua Metals (NASDAQ:AQMS) last announced its quarterly earnings data on Wednesday, November 12th. The business services provider reported ($2.19) earnings per share for the quarter, topping analysts’ consensus estimates of ($6.00) by $3.81. On average, equities research analysts expect that Aqua Metals, Inc. will post -2.8 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Aqua Metals

Institutional investors have recently modified their holdings of the business. Hamilton Capital Partners LLC bought a new stake in Aqua Metals in the 4th quarter worth about $84,000. Bank of America Corp DE boosted its holdings in shares of Aqua Metals by 844.5% during 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 acquiring an additional 4,003 shares during the last quarter. Finally, Schonfeld Strategic Advisors LLC bought a new stake in shares of Aqua Metals in the third quarter worth approximately $82,000. 21.98% of the stock is owned by hedge funds and other institutional investors.

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.