Aqua Metals, Inc. (NASDAQ:AQMS – Get Free Report) was the recipient of a significant decrease in short interest in July. As of July 31st, there was short interest totalling 3,320,000 shares, a decrease of 10.0% from the July 15th total of 3,690,000 shares. Based on an average trading volume of 583,700 shares, the short-interest ratio is currently 5.7 days.
Analysts Set New Price Targets
Several equities analysts recently issued reports on the company. HC Wainwright reduced their price objective on Aqua Metals from $4.00 to $2.00 and set a “buy” rating on the stock in a research note on Tuesday, August 6th. Benchmark dropped their price objective on shares of Aqua Metals from $2.00 to $1.00 and set a “speculative buy” rating on the stock in a report on Tuesday, August 6th.
View Our Latest Stock Analysis on AQMS
Hedge Funds Weigh In On Aqua Metals
Aqua Metals Stock Down 9.1 %
Shares of NASDAQ AQMS opened at $0.23 on Tuesday. The business has a fifty day simple moving average of $0.32 and a 200-day simple moving average of $0.44. The company has a market cap of $26.30 million, a price-to-earnings ratio of -0.93 and a beta of 1.00. Aqua Metals has a 12 month low of $0.18 and a 12 month high of $1.21.
Aqua Metals (NASDAQ:AQMS – Get Free Report) last announced its quarterly earnings data on Monday, August 5th. The business services provider reported ($0.05) EPS for the quarter, meeting analysts’ consensus estimates of ($0.05). During the same quarter in the previous year, the company earned ($0.06) EPS. As a group, sell-side analysts expect that Aqua Metals will post -0.2 EPS for the current fiscal year.
About Aqua Metals
Aqua Metals, Inc engages in reinventing metals recycling activities with its patented AquaRefining technology. The company's technology produces metals and alloys that can be returned into the battery manufacturing supply chain markets, as well as sells metals for use in various advanced manufacturing industries.
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