HC Wainwright Has Negative Outlook of ELBM FY2025 Earnings

Electra Battery Materials Corporation (NASDAQ:ELBM) – Stock analysts at HC Wainwright lowered their FY2025 earnings per share (EPS) estimates for Electra Battery Materials in a research note issued to investors on Wednesday, November 26th. HC Wainwright analyst H. Ihle now anticipates that the company will post earnings per share of ($1.40) for the year, down from their prior estimate of ($1.34). HC Wainwright has a “Buy” rating and a $2.10 price target on the stock. The consensus estimate for Electra Battery Materials’ current full-year earnings is ($1.72) per share.

Electra Battery Materials (NASDAQ:ELBM) last released its earnings results on Thursday, November 13th. The company reported ($0.20) EPS for the quarter, missing analysts’ consensus estimates of ($0.16) by ($0.04).

Other equities analysts also recently issued research reports about the stock. Wall Street Zen upgraded shares of Electra Battery Materials to a “sell” rating in a research note on Saturday, October 25th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Electra Battery Materials in a report on Tuesday, November 11th. One investment analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $2.10.

Electra Battery Materials Stock Performance

Shares of ELBM stock opened at $0.96 on Monday. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.05 and a current ratio of 0.05. The firm has a market cap of $17.17 million, a price-to-earnings ratio of -0.75 and a beta of 2.56. Electra Battery Materials has a 52 week low of $0.77 and a 52 week high of $8.70. The firm’s 50-day simple moving average is $1.46 and its two-hundred day simple moving average is $1.21.

Institutional Investors Weigh In On Electra Battery Materials

An institutional investor recently bought a new position in Electra Battery Materials stock. Cable Car Capital LP bought a new position in Electra Battery Materials Corporation (NASDAQ:ELBM) during the second quarter, according to the company in its most recent filing with the SEC. The firm bought 207,860 shares of the company’s stock, valued at approximately $223,000. Cable Car Capital LP owned 1.18% of Electra Battery Materials as of its most recent SEC filing. 32.90% of the stock is owned by hedge funds and other institutional investors.

Electra Battery Materials Company Profile

Electra Battery Materials Corporation engages in the acquisition and exploration of resource properties in the United States and Canada. It primarily explores for cobalt and silver deposits. The company's flagship project is the Iron Creek cobalt-copper project located in Lemhi County, Idaho. It also operates a cobalt refinery for producing battery materials for the electric vehicle supply chain.