Electra Battery Materials Corporation (NASDAQ:ELBM) saw a downside of -1.13% to close Friday at $0.77 after subtracting -$0.01 on the day. The 5-day average trading volume is 443,880 shares of the company’s common stock. It has gained $0.9500 in the past week and touched a new high 1 time within the past 5 days. An average of 4,610,595 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 1,893,562.
ELBM’s 1-month performance is -28.02% or -$0.3998 on its low of $0.7500 reached on 08/18/23. The company’s shares have touched a 52-week low of $0.76 and high of $4.05, with the stock’s rally to the 52-week high happening on 01/09/23. YTD, ELBM has lost -53.60% or -$0.8898 and has reached a new high 5 times. However, the current price is down -80.98% from the 52-week high price.
Top 5 AI Stocks to Buy for 2023
The artificial intelligence (AI) revolution is already here. And it's about to change everything we know about everything.
According to Grand View Research, the global AI boom could grow from about $137 billion in 2022 to more than $1.81 trillion by 2030. And investors like you always want to get in on the hottest stocks of tomorrow. Here are five of the best ways to profit from the AI boom.
Click Here to Download the FREE Report.
Sponsored
Valuation Metrics
ELBM stock has a beta of 2.47. Moving on to other valuation ratios, the price-to-book (PB) in the most recent quarter is 0.23.
Electra Battery Materials Corporation’s quick ratio for the recent period was 0.30, with the current ratio over the same period at 0.30.
Earnings Surprise
ELBM stock balance sheet for the recent quarter shows that total liabilities totaled 59.38 million, with total debt at $52.03 million.
Let’s look briefly at Electra Battery Materials Corporation (ELBM) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 18 August was 33.25% to suggest the stock is trending Neutral, with historical volatility in this time period at 151.75%.
The stock’s 5-day moving average is $0.8048, reflecting a -12.11% or -$0.1061 change from its current price. ELBM is currently trading -24.12% above its 20-day SMA, -57.68% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -34.73% and SMA200 by-73.62%.
Stochastic %K and %D was 1.68% and 1.63% and the average true range (ATR) pointed at 0.1632. The RSI (14) points at 38.31%, while the 14-day stochastic is at 1.92% with the period’s ATR at 0.1817. The stock’s 9-day MACD Oscillator is pointing at -0.0953 and -0.2848 on the 14-day charts.
Analyst Ratings
Analysts offering their rating for ELBM stock have a consensus rating for the stock as Overweight. Currently, 0 brokerage advisors rate ELBM as a “sell,”, while 1 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 3 have offered a “buy” rating.
What is ELBM’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $2.58 and a high of $7.58, with their median price target at $4.50. Looking at these predictions, the average price target given by analysts is for Electra Battery Materials Corporation (ELBM) stock is $4.79.
