HC Wainwright set a $9.00 price target on Aqua Metals (NASDAQ:AQMS) in a research report released on Friday. The firm currently has a buy rating on the business services provider’s stock.
A number of other analysts also recently issued reports on the stock. Oppenheimer reiterated a buy rating on shares of Aqua Metals in a report on Monday, February 12th. Zacks Investment Research upgraded shares of Aqua Metals from a sell rating to a hold rating in a report on Wednesday, December 13th. EuroPacific Canada reiterated a buy rating and issued a $12.00 price objective (down from $17.00) on shares of Aqua Metals in a report on Friday, February 16th. Finally, Eurobank EFG lowered their target price on shares of Aqua Metals from $17.00 to $12.00 and set a buy rating on the stock in a report on Wednesday, February 14th. Two equities research analysts have rated the stock with a sell rating and six have given a buy rating to the company. Aqua Metals presently has a consensus rating of Buy and a consensus price target of $17.83.
Shares of Aqua Metals stock opened at $2.88 on Friday. The company has a quick ratio of 3.77, a current ratio of 4.01 and a debt-to-equity ratio of 0.19. Aqua Metals has a fifty-two week low of $1.42 and a fifty-two week high of $20.72. The stock has a market cap of $82.50, a P/E ratio of -2.19 and a beta of 0.18.
Aqua Metals (NASDAQ:AQMS) last posted its quarterly earnings data on Thursday, March 15th. The business services provider reported ($0.32) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.22) by ($0.10). The firm had revenue of $0.90 million for the quarter, compared to the consensus estimate of $1.27 million. sell-side analysts predict that Aqua Metals will post -0.58 EPS for the current fiscal year.
A number of institutional investors and hedge funds have recently modified their holdings of AQMS. Millennium Management LLC acquired a new position in Aqua Metals during the fourth quarter worth $155,000. The Manufacturers Life Insurance Company increased its holdings in Aqua Metals by 47.5% during the second quarter. The Manufacturers Life Insurance Company now owns 13,979 shares of the business services provider’s stock worth $176,000 after buying an additional 4,499 shares during the last quarter. JPMorgan Chase & Co. acquired a new position in Aqua Metals during the third quarter worth $215,000. Goldman Sachs Group Inc. acquired a new position in Aqua Metals during the second quarter worth $220,000. Finally, New York State Common Retirement Fund increased its holdings in Aqua Metals by 76.3% during the second quarter. New York State Common Retirement Fund now owns 19,400 shares of the business services provider’s stock worth $243,000 after buying an additional 8,399 shares during the last quarter. Institutional investors and hedge funds own 36.63% of the company’s stock.
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About Aqua Metals
Aqua Metals, Inc is engaged in the business of recycling lead through a process that the Company developed and named AquaRefining. The Company’s AquaRefining process focuses on providing for the recycling of lead acid batteries (LABs) and the production of lead. AquaRefining uses bio-degradable aqueous solvent and an ambient temperature electro-chemical process to produce lead.
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