Aqua Metals (NASDAQ:AQMS) Stock Crosses Below Fifty Day Moving Average – Here’s What Happened

Aqua Metals, Inc. (NASDAQ:AQMS)’s share price crossed below its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $2.80 and traded as low as $2.75. Aqua Metals shares last traded at $2.85, with a volume of 19,328 shares.

Analysts Set New Price Targets

A number of brokerages have commented on AQMS. Benchmark reissued a “speculative buy” rating and issued a $5.00 price objective (down from $12.00) on shares of Aqua Metals in a research report on Friday, July 31st. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Aqua Metals in a research report on Friday, July 17th. One analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $5.00.

Aqua Metals Stock Performance

The firm has a 50-day moving average price of $2.79 and a two-hundred day moving average price of $3.78. The firm has a market cap of $10.01 million, a price-to-earnings ratio of -0.60 and a beta of 0.31.

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

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of AQMS. Stifel Financial Corp purchased a new stake in Aqua Metals in the fourth quarter valued at $269,000. Geode Capital Management LLC acquired a new stake in shares of Aqua Metals during the fourth quarter worth about $129,000. Price T Rowe Associates Inc. MD purchased a new stake in shares of Aqua Metals in the 4th quarter valued at about $77,000. Schonfeld Strategic Advisors LLC acquired a new stake in shares of Aqua Metals in the 3rd quarter valued at about $82,000. Finally, Quadrature Capital Ltd acquired a new stake in shares of Aqua Metals in the 4th quarter valued at about $61,000. 21.98% of the stock is owned by hedge funds and other institutional investors.

About Aqua Metals

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.