Aqua Metals Inc. [AQMS] Stock trading around $3.63 per share: What’s Next?

Aqua Metals Inc. [NASDAQ: AQMS] traded at a high on 06/08/21, posting a 4.91 gain after which it closed the day’ session at $3.63. The company report on June 8, 2021 that Aqua Metals to Join Russell Microcap® Index.

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Aqua Metals, Inc. (NASDAQ: AQMS) (“Aqua Metals” or the “Company”), which is reinventing metals recycling with its AquaRefining™ technology, announced that it will join the Russell Microcap® Index effective June 28, 2021, at the conclusion of the 2021 Russell Microcap® Index’s annual reconstitution. Aqua Metals was identified on the preliminary list of additions that were posted on June 4, 2021. Inclusion in the Russell Microcap® Index provides Aqua Metals with automatic inclusion in appropriate growth and value indexes. FTSE Russell determines membership for its indices primarily by objective, market-capitalization rankings and style attributes.

Steve Cotton, President and CEO of Aqua Metals stated, “Having Aqua Metals included in the Russell Microcap® Index recognizes our Company’s growth, and value proposition as we move forward with our capital light AquaRefining™ technology licensing and Aqualyzer™ clean battery recycling equipment supply business model. In addition to greatly enhancing the working environment and worker safety with our fundamentally non-polluting AquaRefining metals recovery technology, we aim to support worldwide Net-Zero emissions efforts in upgrading the growing $20B lead battery recycling industry and cleanly building the lithium-ion battery recycling industry, expected to reach $20B in just a few years. The exposure to additional institutional investment managers and investment professionals that comes from being included in the Russell Microcap® Index will be of great benefit as we share our mission and continued progress with potential new shareholders. With over $10 trillion in assets benchmarked against Russell’s US indexes, Aqua Metals is honored to be included with other strong, growing and successful companies”.

The results of the trading session contributed to over 6051198 shares changing hands. Over the past one week, the price volatility of Aqua Metals Inc. stands at 10.74% while the volatility over the past one month is 10.43%.

The market cap for AQMS stock reached $220.89 million, with 66.88 million shares outstanding and 66.02 million shares in the current float. Compared to the average trading volume of 1.85M shares, AQMS reached a trading volume of 6051198 in the most recent trading day, which is why market watchdogs consider the stock to be active.

What do top market gurus say about Aqua Metals Inc. [AQMS]?

H.C. Wainwright have made an estimate for Aqua Metals Inc. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on March 05, 2021. The new note on the price target was released on December 03, 2019, representing the official price target for Aqua Metals Inc. stock. Previously, the target price had yet another drop from $17 to $12, while Euro Pacific Capital kept a Buy rating on AQMS stock.

The Average True Range (ATR) for Aqua Metals Inc. is set at 0.31, with the Price to Sales ratio for AQMS stock in the period of the last 12 months amounting to 2454.28. The Price to Book ratio for the last quarter was 6.48, with the Price to Cash per share for the same quarter was set at 0.19.

How has AQMS stock performed recently?

Aqua Metals Inc. [AQMS] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 9.67. With this latest performance, AQMS shares gained by 32.00% in over the last four-week period, additionally plugging by 190.40% over the last 6 months – not to mention a rise of 304.28% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for AQMS stock in for the last two-week period is set at 64.86, with the RSI for the last a single of trading hit 71.51, and the three-weeks RSI is set at 58.98 for Aqua Metals Inc. [AQMS]. The present Moving Average for the last 50 days of trading for this stock 3.04, while it was recorded at 3.34 for the last single week of trading, and 2.71 for the last 200 days.

Aqua Metals Inc. [AQMS]: Deeper insight into the fundamentals

Operating Margin for any stock indicates how profitable investing would be, and Aqua Metals Inc. [AQMS] shares currently have an operating margin of -14252.78 and a Gross Margin at -4970.37. Aqua Metals Inc.’s Net Margin is presently recorded at -23853.70.

Return on Total Capital for AQMS is now -33.45, given the latest momentum, and Return on Invested Capital for the company is -56.91. Return on Equity for this stock declined to -63.82, with Return on Assets sitting at -49.26. When it comes to the capital structure of this company, Aqua Metals Inc. [AQMS] has a Total Debt to Total Equity ratio set at 3.83. Additionally, AQMS Total Debt to Total Capital is recorded at 3.69, with Total Debt to Total Assets ending up at 3.40. Long-Term Debt to Equity for the company is recorded at 1.75, with the Long-Term Debt to Total Capital now at 1.69.

Reflecting on the efficiency of the workforce at the company, Aqua Metals Inc. [AQMS] managed to generate an average of -$1,226,762 per employee. Receivables Turnover for the company is 0.01 with a Total Asset Turnover recorded at a value of 0.00.Aqua Metals Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 3.10 and a Current Ratio set at 3.30.

Earnings analysis for Aqua Metals Inc. [AQMS]

With the latest financial reports released by the company, Aqua Metals Inc. posted -0.07/share EPS, while the average EPS was predicted by analysts to be reported at -0.08/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 12.50%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for AQMS. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Aqua Metals Inc. go to 35.00%.

Insider trade positions for Aqua Metals Inc. [AQMS]

There are presently around $53 million, or 24.70% of AQMS stock, in the hands of institutional investors. The top three institutional holders of AQMS stocks are: VANGUARD GROUP INC with ownership of 2,804,308, which is approximately 20.287% of the company’s market cap and around 2.50% of the total institutional ownership; BAIRD FINANCIAL GROUP, INC., holding 2,320,319 shares of the stock with an approximate value of $8.42 million in AQMS stocks shares; and INVESCO LTD., currently with $4.65 million in AQMS stock with ownership of nearly New of the company’s market capitalization.

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Positions in Aqua Metals Inc. stocks held by institutional investors increased at the end of April and at the time of the April reporting period, where 57 institutional holders increased their position in Aqua Metals Inc. [NASDAQ:AQMS] by around 8,360,852 shares. Additionally, 20 investors decreased positions by around 3,882,888 shares, while 4 investors held positions by with 2,489,977 shares. The mentioned changes placed institutional holdings at 14,733,717 shares, according to the latest SEC report filing. AQMS stock had 34 new institutional investments in for a total of 2,623,268 shares, while 11 institutional investors sold positions of 3,051,492 shares during the same period.

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