Welsbach Technology Metals Acquisition (NASDAQ:EMAT) Stock Rating Upgraded by Wall Street Zen

Welsbach Technology Metals Acquisition (NASDAQ:EMAT) was upgraded by analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a research report issued on Saturday.

A number of other equities analysts have also issued reports on the stock. Zacks Research upgraded shares of Welsbach Technology Metals Acquisition to a “hold” rating in a research report on Wednesday, July 1st. Weiss Ratings downgraded shares of Welsbach Technology Metals Acquisition from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Friday, August 7th. Finally, Litchfield Hills Research began coverage on shares of Welsbach Technology Metals Acquisition in a research note on Tuesday, June 30th. They set a “buy” rating and a $12.00 price target for the company. One research 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 assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $12.00.

Welsbach Technology Metals Acquisition Stock Performance

Shares of NASDAQ:EMAT opened at $3.27 on Friday. Welsbach Technology Metals Acquisition has a 52 week low of $2.15 and a 52 week high of $24.08. The company’s 50 day moving average is $4.61 and its two-hundred day moving average is $6.92. The company has a market cap of $8.14 million and a PE ratio of -81.75.

Welsbach Technology Metals Acquisition (NASDAQ:EMAT) last announced its quarterly earnings results on Monday, August 17th. The company reported ($0.02) EPS for the quarter, beating the consensus estimate of ($0.03) by $0.01. The company had revenue of $1.64 million during the quarter, compared to analysts’ expectations of $2.10 million. As a group, equities research analysts expect that Welsbach Technology Metals Acquisition will post -0.77 EPS for the current year.

Welsbach Technology Metals Acquisition Company Profile

Welsbach Technology Metals Acquisition Corp. does not have significant operations. The company focuses on effecting a merger, stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. It intends to focus on the technology metals and energy transition metals sectors. Welsbach Technology Metals Acquisition Corp. was incorporated in 2021 and is based in Lombard, Illinois.