Aqua Metals (AQMS) Given a $10.00 Price Target by National Securities Analysts

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Aqua Metals (NASDAQ:AQMS) has been given a $10.00 price target by equities research analysts at National Securities in a note issued to investors on Thursday. The firm presently has a “buy” rating on the business services provider’s stock. National Securities’ price target would indicate a potential upside of 284.62% from the company’s previous close.

A number of other research analysts have also recently issued reports on AQMS. ValuEngine cut Aqua Metals from a “buy” rating to a “hold” rating in a report on Thursday, November 1st. Zacks Investment Research raised Aqua Metals from a “sell” rating to a “hold” rating in a report on Tuesday, October 9th. Finally, HC Wainwright reaffirmed a “buy” rating and issued a $4.00 price target on shares of Aqua Metals in a report on Thursday, August 9th. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Aqua Metals presently has an average rating of “Buy” and an average target price of $14.40.

Aqua Metals stock opened at $2.60 on Thursday. The company has a debt-to-equity ratio of 0.12, a current ratio of 6.27 and a quick ratio of 6.07. Aqua Metals has a 12-month low of $1.42 and a 12-month high of $4.28. The stock has a market capitalization of $90.29 million, a P/E ratio of -2.18 and a beta of 0.18.

Aqua Metals (NASDAQ:AQMS) last released its quarterly earnings results on Wednesday, November 7th. The business services provider reported ($0.24) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.22) by ($0.02). Aqua Metals had a negative net margin of 833.24% and a negative return on equity of 52.14%. The business had revenue of $1.17 million during the quarter, compared to the consensus estimate of $0.60 million. As a group, sell-side analysts predict that Aqua Metals will post -0.88 EPS for the current fiscal year.

A number of large investors have recently made changes to their positions in the business. Leisure Capital Management raised its holdings in Aqua Metals by 9.3% during the 2nd quarter. Leisure Capital Management now owns 191,462 shares of the business services provider’s stock worth $551,000 after purchasing an additional 16,280 shares during the last quarter. BlackRock Inc. raised its holdings in Aqua Metals by 1.8% during the 1st quarter. BlackRock Inc. now owns 907,610 shares of the business services provider’s stock worth $2,352,000 after purchasing an additional 16,396 shares during the last quarter. UBS Group AG raised its holdings in Aqua Metals by 105.8% during the 1st quarter. UBS Group AG now owns 53,090 shares of the business services provider’s stock worth $138,000 after purchasing an additional 27,290 shares during the last quarter. LMR Partners LLP bought a new stake in Aqua Metals during the 2nd quarter worth about $120,000. Finally, Northern Trust Corp raised its holdings in Aqua Metals by 28.3% during the 1st quarter. Northern Trust Corp now owns 236,980 shares of the business services provider’s stock worth $614,000 after purchasing an additional 52,260 shares during the last quarter. 27.65% of the stock is owned by hedge funds and other institutional investors.

About Aqua Metals

Aqua Metals, Inc engages in the recycling of lead primarily in the United States. It produces and sells hard lead, lead compounds, and plastics. The company was founded in 2014 and is headquartered in Alameda, California.

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Analyst Recommendations for Aqua Metals (NASDAQ:AQMS)

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