As of Friday close, Aqua Metals Inc.’s (NASDAQ:AQMS) stock was up $0.02, moving up 1.87 percent to $1.09. The average number of shares traded per day over the past five days has been 457,440 shares. 1 time new highs have been achieved over the past 5 days, with a -$0.0800 fall in that time frame. In the last twenty days, the average volume was 650,650, while in the previous 50 days, it was 817,174.
Since last month, AQMS stock retreated -21.58%. Shares of the company fell to $1.0306 on 08/18/23, the lowest level in the past month. A 52-week high of $1.76 was reached on 07/18/23 after having rallying from a 52-week low of $0.50. Since the beginning of this year, AQMS’s stock price has dropped by -12.80% or -$0.1600, and marked a new high 7 times. However, the stock has declined by -38.24% since its 52-week high.
AQMS stock investors should be aware that Aqua Metals Inc. (AQMS) stock had its last reported insider trading activity 31 days ago on Jul 19. SMITH EDWARD J, the Director of the company, purchased of 90,500 shares for $1.10 on Jul 19. It resulted in a $99,550 investment by the insider. Zhang Peifang added 72,900 shares at an average price of $1.10 on Jul 19. The insider now owns 251,050 shares following the transaction. On Jul 19, Director DIVITO VINCENT L bought 9,000 shares at $1.10 apiece. The transaction was valued at $9,900.
Financial Health
In the three months ended June 29, Aqua Metals Inc.’s quick ratio stood at 2.10, while its current ratio was 2.30, showing that the company is able to pay off its debt. Based on annual data, AQMS earned -$3.96 million in gross profit and brought in $4000.0 in revenue.
While analysts expected Aqua Metals Inc. to report -$0.04 quarterly earnings, the actual figure was -$0.06 per share. During the quarter, the company generated -$4.4 million in EBITDA. The liabilities of Aqua Metals Inc. were 6.14 million at the end of its most recent quarter ended June 29. The value of shareholders’ equity is $103.19 million.
Technical Picture
This quick technical analysis looks at Aqua Metals Inc.’s (AQMS) price momentum. With a historical volatility rate of 48.45%, the RSI 9-day stood at 35.24% on 18 August.
With respect to its five-day moving average, the current Aqua Metals Inc. price is down by -6.84% percent or -$0.0800. At present, AQMS shares trade -19.85% below its 20-day simple moving average and +9.31% percent above its 100-day simple moving average. However, the stock is currently trading approximately -5.22% below its SMA50 and +30.51% above its SMA200.
Stochastic coefficient K was 9.83% and Stochastic coefficient D was 8.48%, while ATR was 0.0929. Given the Stochastic reading of 16.50% for the 14-day period, the RSI (14) reading has been calculated as 39.69%. As of today, the MACD Oscillator reading stands at -0.0344, while the 14-day reading stands at -0.0852.
Analyst Ratings
Aqua Metals Inc. downgraded its rating on Aqua Metals Inc. (NASDAQ: AQMS) to a Perform in a note to investors on August 10, 2023. The analysts firm previously had an Outperform rating on the stock.Aqua Metals Inc. (AQMS) has been rated Overweight by analysts. According to 0 brokerage firms, AQMS is a sell, and 1 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate Aqua Metals Inc. stock as buy, with 1 recommending it as overweight.
With a median target price of $4.00, the current consensus forecast for the stock is $4.00 – $4.00. Based on these forecasts, analysts predict Aqua Metals Inc. (AQMS) will achieve an average price target of $4.00.
