Aqua Metals, Inc. (NASDAQ:AQMS) is -0.13 points lower today and the only thing that matters is where they go from here. You simply have to look deeper than the share price and explore the fundamentals and future growth potential. The stock value has plummeted by nearly -6.37% to $1.91 from its previous close of $2.04. Does this decline mean it the best stock to buy right now? The shares seem to have an active trading volume day with a reported 161617 contracts so far this session. AQMS shares had a relatively better volume day versus average trading capacity of 854.53 thousand shares, but with a 43.19 million float and a -21.24% run over a week, it’s definitely worth keeping an eye on. The one year price forecast for AQMS stock indicates that the average analyst price target is $10.67 per share. This means the stock has a potential increase of 458.64% from where the AQMS share price has been trading recently which is between $1.9 and $2.05. There are some brokerage firms that offer lower targets than the average, with one of them, even setting their price target at $6.6.
The shorts are climbing into Aqua Metals, Inc. (AQMS) stock. The latest set of short interest data was released on 30 April 2019, and the numbers show a rise in short interest in AQMS shares. While short interest still represents only 10.58% of AQMS’s float, the number of shares shorted have risen by 357387. The number of shares shorted advanced to 4925487 shares, up from 4568100 shares during the preceding fortnight. With average daily trading volumes at 427945 shares, days to cover increased to about 10.0148 days. The most recent news story about the stock that appeared in Yahoo Finance‘s news section was titled “Edited Transcript of AQMS earnings conference call or presentation 14-May-19 8:30pm GMT” and dated May 14, 2019.
During the recent trading session for Aqua Metals, Inc. (NASDAQ:AQMS), the company witnessed their stock drop by $-0.61 over a week and tumble down $-0.69 from the price 20 days ago. When compared to their established 52-week high of $4.33, the high they recorded in their recent session happens to be lower. Their established 52-week high was attained by the company on 03/18/19. The recent low of $1.47 stood for a -55.91% since 12/27/18, a data which is good for most investors who are looking to take advantage of the stock’s recent rise. A beta of 0.77 is also allocated to the stock. Since the beta is less than one, it implies that the stock is more volatile than the market, a data that traders are keeping close attention to.
Looking at the current readings for Aqua Metals, Inc., the two-week RSI stands at 25.97. This figure suggests that AQMS stock, for now, is overbought, meaning that the shares are not stable in terms of price movement. The stochastic readings, on the other hand, based on the current AQMS readings is similarly very revealing as it has a stochastic reading of 14.59% at this stage. This figure means that AQMS share price today is being overbought.
Technical chart claims that Aqua Metals, Inc. (AQMS) would settle between $2.09/share to $2.15/share level. However, if the stock price goes below the $1.94 mark, then the market for Aqua Metals, Inc. becomes much weaker. If that happens, the stock price might even plunge as low as $1.85 for its downside target. The stock is currently in the red zone of MACD, with the indicator reading -0.24. Traders are always alerted for the move of a stock above or below the zero line due to the fact that the reading is an indicator of the position of the short-term average relative to the long-term average. If the MACD is above the zero line, then the short-term average relative is above that of the long-term average, thus implying an upward momentum. Vice versa is the case if the MACD is below the zero line.
Analysts at Euro Pacific Capital lifted target price for shares of AQMS but were stick to Buy recommendation for the stock in their opinion released on February 14. The price target has been raised from $17 to $12. Rodman & Renshaw, analysts launched coverage of Aqua Metals, Inc. (NASDAQ:AQMS) stock with a Buy recommendation, according to their flash note issued to investors on June 22. Analysts at Oppenheimer are sticking to their Outperform stance. However, on March 13, they lifted price target for these shares to $34 from $16.
AQMS equity has an average rating of 1.33, with the figure leaning towards a bullish end. 3 analysts who tracked the company were contacted by Reuters. Amongst them, 0 rated the stock as a hold while the remaining 3 were split even though not equally. Some analysts rate the stock as a buy or a strong buy while no rated it as a sell. 3 analysts rated Aqua Metals, Inc. (NASDAQ:AQMS) as a buy or a strong buy while not a single analyst advised that investors should desist from purchasing the stock or sell them if they already own the company’s stock.
Moving on, AQMS stock price is currently trading at 136X forward 12-month Consensus EPS estimates, and its P/S ratio is 231.08 while for the average stock in the same group, the multiple is 3.28.
Aqua Metals, Inc. (AQMS)’s current-quarter revenues are projected to climb by nearly 233.33% to hit $1.6 million, based on current Zacks Consensus Estimate. The firm’s full-year revenues are expected to expand by over 315.82% from $4.45 million to a noteworthy $18.5 million. At the other end of the current quarter income statement, Aqua Metals, Inc. is expected to see its adjusted earnings surge by roughly 66.67% to hit $-0.11 per share. For the fiscal year, AQMS’s earnings are projected to climb by roughly 70.34% to hit $-0.35 per share.