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Aqua Metals Inc. (NASDAQ: AQMS) Share Price Fall Recently, Although Trouble Is Still On The Horizon

Aqua Metals Inc. (NASDAQ:AQMS) traded at $1.38 at close of the session on Tuesday, 01/24/23, made a downward move of -2.13% on its previous day’s price.

Looking at the stock we see that its previous close was $1.41 and the beta (5Y monthly) reads 1.44 with the day’s price range being $1.34 – $1.44. In terms of its 52-week price range, AQMS has a high of $1.67 and a low of $0.50. The company’s stock has gained about 142.11% over that past 30 days.

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Aqua Metals Inc. has a market cap of $111.72 million and is expected to release its quarterly earnings report on Feb 22, 2023 – Feb 27, 2023. Estimates by analysts give the company expected earnings per share (EPS) of -$0.04, with the EPS growth for the year raised at -$0.19 for 2022 and -$0.12 for next year. These figures represent 26.90% and 36.80% growth in EPS for the two years respectively.

According to analyst consensus estimates figures, the company’s yearly revenue forecast for 2022 is expected to hit $120k, or -30.60% down from figures reported last year.

There have been no upward and no downward revisions for the stock’s EPS in last 7 days, something that reflects the nature of company’s price movement in short term. On the other hand, looking at the outlook for the AQMS stock, short term indicators assign the stock an average of 100% Buy, while medium term indicators assign it an average of 100% Buy. Long term indicators on average place the stock in the category of 50% Buy.

Based on estimates by 1 analysts, where scores have ranged from 1.00 for a strong buy to 5.00 for a strong sell, 0 have rated the Aqua Metals Inc. (AQMS) stock as a Hold, while 1 rate it as a Buy. 0 analyst(s) rate it as overweight while 0 of them rated it as underweight, whereas 0 suggest the stock as a Sell. The stock has an overall rating of Buy and investors could take advantage and scoop up stock of the company.

Looking further, we note the current price level is 21.15% off its SMA20 and 56.42% from its 50-day simple moving average. The RSI (14) is pointing at 65.06 while the volatility over the past week is 11.14% and jumps to 12.28% over the past one month. The beta value is 1.20, while the average true range (ATR) is currently pointing at 0.12. The average price target for the stock over the next 12 months is $6.00, with the estimates having a low of $6.00 and a high of $6.00. These price ends are -334.78% and -334.78% off the current price level respectively, although investors could be excited at the prospect of a -334.78% if the AQMS share price touches on the median price of $6.00.

Coming back to Aqua Metals Inc. (NASDAQ:AQMS), we note that the average 3-month trading volume was 413.54K, while that of the preceding 10-day period stands at 0.75 million. Current shares outstanding are 77.40 million.

The insiders hold 6.70% of the company’s shares while institutions hold 18.70%. The data shows that short shares as of Oct 13, 2022, stood at 4.23 million at a short ratio of 24.96. This represents a 5.50% short interest in shares outstanding on Oct 13, 2022. Shares short fall in October from the previous month at 4.51 million. Investors should be excited about this stock as its upside potential is great, with current price pushing the stock 10.40% up in year-to-date price movement.

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