Oppenheimer Analysts Boost Earnings Estimates for Aqua Metals Inc (NASDAQ:AQMS)

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Aqua Metals Inc (NASDAQ:AQMS) – Research analysts at Oppenheimer increased their FY2022 earnings per share estimates for Aqua Metals in a report issued on Thursday, August 1st. Oppenheimer analyst C. Rusch now anticipates that the business services provider will post earnings per share of $0.50 for the year, up from their previous forecast of $0.49. Oppenheimer has a “Outperform” rating and a $9.00 price target on the stock.

Aqua Metals (NASDAQ:AQMS) last released its quarterly earnings data on Wednesday, July 31st. The business services provider reported ($0.16) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.14) by ($0.02). Aqua Metals had a negative return on equity of 66.04% and a negative net margin of 1,081.83%. The company had revenue of $1.48 million for the quarter, compared to analyst estimates of $0.80 million.

AQMS has been the topic of a number of other research reports. Zacks Investment Research raised shares of Aqua Metals from a “sell” rating to a “hold” rating in a report on Tuesday, July 16th. National Securities restated a “buy” rating and set a $10.00 price objective on shares of Aqua Metals in a research report on Friday, May 10th. Finally, ValuEngine upgraded Aqua Metals from a “sell” rating to a “hold” rating in a research report on Thursday, August 1st. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $6.25.

AQMS stock opened at $1.54 on Monday. The company has a debt-to-equity ratio of 0.15, a quick ratio of 3.34 and a current ratio of 3.54. Aqua Metals has a twelve month low of $1.47 and a twelve month high of $4.33. The business’s 50 day moving average is $1.76.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in AQMS. Hodges Capital Management Inc. acquired a new stake in shares of Aqua Metals in the 1st quarter valued at $31,000. White Pine Capital LLC purchased a new position in shares of Aqua Metals in the first quarter valued at approximately $45,000. National Asset Management Inc. boosted its stake in shares of Aqua Metals by 67.5% in the second quarter. National Asset Management Inc. now owns 27,300 shares of the business services provider’s stock valued at $46,000 after purchasing an additional 11,000 shares during the period. Bank of New York Mellon Corp boosted its stake in shares of Aqua Metals by 112.4% in the fourth quarter. Bank of New York Mellon Corp now owns 32,502 shares of the business services provider’s stock valued at $59,000 after purchasing an additional 17,203 shares during the period. Finally, David R. Rahn & Associates Inc. boosted its stake in shares of Aqua Metals by 30.2% in the first quarter. David R. Rahn & Associates Inc. now owns 21,575 shares of the business services provider’s stock valued at $66,000 after purchasing an additional 5,000 shares during the period. Institutional investors and hedge funds own 30.89% of the company’s stock.

Aqua Metals Company Profile

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 McCarran, Nevada.

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Earnings History and Estimates for Aqua Metals (NASDAQ:AQMS)

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