Critical Metals (NASDAQ:CRML) Shares Gap Down – Time to Sell?

Critical Metals Corp. (NASDAQ:CRML) gapped down prior to trading on Tuesday . The stock had previously closed at $7.21, but opened at $6.87. Critical Metals shares last traded at $7.2830, with a volume of 1,780,985 shares.

Analysts Set New Price Targets

CRML has been the topic of a number of analyst reports. Weiss Ratings lowered Critical Metals from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Tuesday, July 21st. Freedom Capital lowered shares of Critical Metals from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 11th. Finally, Cantor Fitzgerald initiated coverage on shares of Critical Metals in a report on Tuesday, July 14th. They set a “speculative buy” rating and a $18.00 price target for the company. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Critical Metals currently has a consensus rating of “Moderate Buy” and an average price target of $18.00.

Critical Metals Trading Down 1.2%

The firm has a fifty day moving average price of $7.39 and a 200-day moving average price of $9.15.

Institutional Trading of Critical Metals

Hedge funds have recently added to or reduced their stakes in the business. Corient Private Wealth LP grew its holdings in Critical Metals by 153.9% in the 2nd quarter. Corient Private Wealth LP now owns 136,618 shares of the company’s stock valued at $1,400,000 after buying an additional 82,815 shares during the period. California State Teachers Retirement System lifted its holdings in shares of Critical Metals by 163.3% during the 2nd quarter. California State Teachers Retirement System now owns 8,374 shares of the company’s stock worth $817,000 after acquiring an additional 5,194 shares during the period. Bank of America Corp DE boosted its position in shares of Critical Metals by 327.5% in the first quarter. Bank of America Corp DE now owns 229,907 shares of the company’s stock worth $1,825,000 after acquiring an additional 176,123 shares during the last quarter. Royal Bank of Canada boosted its position in shares of Critical Metals by 121.4% in the first quarter. Royal Bank of Canada now owns 10,947 shares of the company’s stock worth $87,000 after acquiring an additional 6,002 shares during the last quarter. Finally, The Manufacturers Life Insurance Company grew its holdings in Critical Metals by 14.3% in the first quarter. The Manufacturers Life Insurance Company now owns 14,630 shares of the company’s stock valued at $116,000 after purchasing an additional 1,829 shares during the period. 86.44% of the stock is owned by institutional investors and hedge funds.

Critical Metals Company Profile

Critical Metals Corp. engages in the mining, exploration, and development of lithium metals. It owns Wolfsberg Project and Tanbreez Project. The company was founded on October 24, 2022 and is headquartered in British Virgin Islands.