Aqua Metals (NASDAQ:AQMS) Shares Cross Below 50-Day Moving Average – What’s Next?

Aqua Metals, Inc. (NASDAQ:AQMS)’s share price crossed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $4.03 and traded as low as $2.84. Aqua Metals shares last traded at $2.90, with a volume of 24,909 shares changing hands.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the company. Benchmark reaffirmed a “speculative buy” rating on shares of Aqua Metals in a research note on Friday, June 12th. Weiss Ratings reissued a “sell (e+)” rating on shares of Aqua Metals in a research note on Monday, April 20th. One equities research analyst has rated the stock with a Buy rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Aqua Metals has a consensus rating of “Hold”.

Aqua Metals Stock Up 0.7%

The stock has a market capitalization of $9.74 million, a price-to-earnings ratio of -0.27 and a beta of 0.25. The business’s 50-day moving average is $4.03 and its two-hundred day moving average is $4.65.

Aqua Metals (NASDAQ:AQMS) last released its quarterly earnings data on Thursday, May 14th. The business services provider reported ($1.22) EPS for the quarter.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Bank of America Corp DE grew its holdings in shares of Aqua Metals by 844.5% in the third quarter. Bank of America Corp DE now owns 4,477 shares of the business services provider’s stock valued at $29,000 after purchasing an additional 4,003 shares during the period. Quadrature Capital Ltd purchased a new stake in Aqua Metals in the fourth quarter valued at approximately $61,000. Price T Rowe Associates Inc. MD acquired a new position in Aqua Metals during the 4th quarter worth about $77,000. Schonfeld Strategic Advisors LLC purchased a new stake in Aqua Metals during the third quarter worth about $82,000. Finally, Hamilton Capital Partners LLC acquired a new stake in shares of Aqua Metals during the fourth quarter worth about $84,000. Hedge funds and other institutional investors own 21.98% of the company’s stock.

Aqua Metals Company Profile

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.