Brokerages Expect Aqua Metals Inc. (NASDAQ:AQMS) to Announce ($0.18) EPS
Aqua Metals Inc. (NASDAQ:AQMS) has been assigned an average broker rating score of 1.00 (Strong Buy) from the two brokers that cover the stock, Zacks Investment Research reports. Two analysts have rated the stock with a strong buy recommendation.
Brokers have set a one year consensus price objective of $14.50 for the company and are expecting that the company will post ($0.18) EPS for the current quarter, according to Zacks. Zacks has also assigned Aqua Metals an industry rank of 231 out of 265 based on the ratings given to related companies.
Separately, Zacks Investment Research cut Aqua Metals from a “hold” rating to a “sell” rating in a research note on Wednesday, August 31st.
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Several large investors have recently made changes to their positions in the stock. BlackRock Fund Advisors boosted its stake in shares of Aqua Metals by 5,767.1% in the second quarter. BlackRock Fund Advisors now owns 279,276 shares of the company’s stock valued at $3,286,000 after buying an additional 274,516 shares in the last quarter. EAM Investors LLC bought a new stake in shares of Aqua Metals during the second quarter valued at $1,647,000. State Street Corp bought a new stake in shares of Aqua Metals during the second quarter valued at $1,544,000. Vanguard Group Inc. boosted its stake in shares of Aqua Metals by 365.9% in the second quarter. Vanguard Group Inc. now owns 130,424 shares of the company’s stock valued at $1,535,000 after buying an additional 102,433 shares in the last quarter. Finally, First Republic Investment Management Inc. bought a new stake in shares of Aqua Metals during the first quarter valued at $679,000. Hedge funds and other institutional investors own 19.41% of the company’s stock.
Aqua Metals (NASDAQ:AQMS) traded down 0.11% during midday trading on Tuesday, reaching $8.92. 19,341 shares of the company traded hands. The stock’s 50 day moving average is $8.89 and its 200 day moving average is $9.08. Aqua Metals has a one year low of $4.50 and a one year high of $13.07. The company’s market capitalization is $138.92 million.
Aqua Metals (NASDAQ:AQMS) last announced its quarterly earnings data on Wednesday, August 10th. The company reported ($0.20) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.15) by $0.05. On average, equities analysts anticipate that Aqua Metals will post ($0.74) earnings per share for the current year.
About Aqua Metals
Aqua Metals, Inc is engaged in the business of recycling lead through a process that the Company developed and named AquaRefining. AquaRefining process will provide for the recycling of lead acid batteries (LABs) and the production of lead. AquaRefining is a water-based ambient temperature process. The modular nature of AquaRefining makes it possible to start LAB recycling at a smaller scale than is possible with smelters.
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