It is Poised to be a Bull Market for Aqua Metals Inc. (AQMS)

Aqua Metals Inc. (NASDAQ: AQMS) stock jumped 4.06% on Monday to $1.41 against a previous-day closing price of $1.36. With 0.33 million shares changed hands, the volume of the stock remained lighter than its average volume of 0.41 million shares. During the session, the Waste Management company that operates in wider Industrials sector, reached to the highest price of $1.4100 whereas the lowest price it dropped to was $1.3300. The 52-week range on AQMS shows that it touched its highest point at $1.67 and its lowest point at $0.50 during that stretch. It currently has a 1-year price target of $5.00. Beta for the stock currently stands at 1.20.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of AQMS was down-trending over the past week, with a drop of -2.08%, but this was up by 178.44% over a month. Three-month performance surged to 80.77% while six-month performance rose 67.86%. The stock gained 45.62% in the past year, while it has gained 12.80% so far this year. A look at the trailing 12-month EPS for AQMS yields -0.22 with Next year EPS estimates of -0.14. For the next quarter, that number is -0.05. This implies an EPS growth rate of 38.60% for this year and 35.00% for next year. EPS is expected to grow by 35.00% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 21.80%.

Float and Shares Shorts:

At present, 77.40 million AQMS shares are outstanding with a float of 75.54 million shares on hand for trading. On Dec 29, 2022, short shares totaled 4.66 million, which was 5.95% higher than short shares on Nov 29, 2022. In addition to Mr. Stephen Cotton as the firm’s CEO, Pres & Director, Mr. Judd B. Merrill CPA serves as its CFO & Company Sec.

Institutional Ownership:

Through their ownership of 15.79% of AQMS’s outstanding shares, institutional investors have minority control over the company. Other institutions hold 4.39% of AQMS, in contrast to 15.75% held by mutual funds. Shares owned by individuals account for 11.98%. As the largest shareholder in AQMS with 4.96% of the stake, Robert W. Baird & Co., Inc. holds 3,885,207 shares worth 3,885,207. A second-largest stockholder of AQMS, The Vanguard Group, Inc., holds 2,515,206 shares, controlling over 3.21% of the firm’s shares. IEQ Capital LLC is the third largest shareholder in AQMS, holding 1,931,439 shares or 2.46% stake. With a 1.95% stake in AQMS, the Vanguard Total Stock Market Index is the largest stakeholder. A total of 1,524,663 shares are owned by the mutual fund manager. The Vanguard Extended Market Index Fu, which owns about 1.26% of AQMS stock, is the second-largest Mutual Fund holder. It holds 991,526 shares valued at 1.24 million. Fidelity Extended Market Index Fu holds 0.54% of the stake in AQMS, owning 425,643 shares worth 0.53 million.


An Overview of Recent Financials:

Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on Sep 29, 2022, AQMS reported revenue of $4.00k and operating income of -$3.96M. The EBITDA in the recently reported quarter was -$3.67M and diluted EPS was -$0.04.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for AQMS since 1 analysts follow the stock currently. There are 1 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 0 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With AQMS analysts setting a high price target of $6.00 and a low target of $6.00, the average target price over the next 12 months is $6.00. Based on these targets, AQMS could surge 325.53% to reach the target high and rise by 325.53% to reach the target low. Reaching the average price target will result in a growth of 325.53% from current levels.


EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. AQMS will report FY 2022 earnings on 02/23/2024. Analysts have provided yearly estimates in a range of -$0.21 being high and -$0.21 being low. For AQMS, this leads to a yearly average estimate of -$0.21. The surprise factor in the prior quarter was $0.02. Based on analyst estimates, the high estimate for the next quarter is -$0.05 and the low estimate is -$0.05. The average estimate for the next quarter is thus -$0.05.

Summary of Insider Activity:

Insiders traded AQMS stock several times over the past three months with 15 Buys and 3 Sells. In these transactions, 3,147,283 shares were bought while 362,874 shares were sold. The number of buy transactions has increased to 19 while that of sell transactions has risen to 10 over the past year. The total number of shares bought during that period was 3,357,799 while 968,107 shares were sold.

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