$1.27 Million in Sales Expected for Aqua Metals Inc (AQMS) This Quarter

Analysts expect Aqua Metals Inc (NASDAQ:AQMS) to post sales of $1.27 million for the current fiscal quarter, Zacks Investment Research reports. Two analysts have issued estimates for Aqua Metals’ earnings, with estimates ranging from $800,000.00 to $1.75 million. The firm is expected to announce its next quarterly earnings report on Tuesday, February 20th.

On average, analysts expect that Aqua Metals will report full year sales of $1.27 million for the current financial year, with estimates ranging from $2.00 million to $2.94 million. For the next year, analysts anticipate that the company will post sales of $22.97 million per share, with estimates ranging from $17.54 million to $28.40 million. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that cover Aqua Metals.

Several research firms have commented on AQMS. EuroPacific Canada reissued a “buy” rating and issued a $12.00 target price (down from $17.00) on shares of Aqua Metals in a report on Friday. Zacks Investment Research downgraded Aqua Metals from a “hold” rating to a “sell” rating in a report on Monday. Eurobank EFG dropped their target price on Aqua Metals from $17.00 to $12.00 and set a “buy” rating on the stock in a report on Wednesday, February 14th. Oppenheimer reissued a “buy” rating and issued a $34.00 target price on shares of Aqua Metals in a report on Friday, November 10th. Finally, HC Wainwright reissued a “buy” rating on shares of Aqua Metals in a report on Friday, November 10th. Two research analysts have rated the stock with a sell rating and six have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $23.67.

Aqua Metals (NASDAQ AQMS) traded down $0.23 during trading on Thursday, reaching $2.77. The company’s stock had a trading volume of 1,886,932 shares, compared to its average volume of 1,130,000. 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 twelve month low of $1.42 and a twelve month high of $22.75. The company has a market capitalization of $76.32 and a P/E ratio of -2.16.

A number of institutional investors have recently added to or reduced their stakes in the business. The Manufacturers Life Insurance Company boosted its holdings in Aqua Metals by 47.5% in the second quarter. The Manufacturers Life Insurance Company now owns 13,979 shares of the business services provider’s stock worth $176,000 after acquiring an additional 4,499 shares in the last quarter. California State Teachers Retirement System lifted its holdings in shares of Aqua Metals by 18.5% during the second quarter. California State Teachers Retirement System now owns 29,440 shares of the business services provider’s stock valued at $369,000 after purchasing an additional 4,600 shares in the last quarter. Teachers Advisors LLC lifted its holdings in shares of Aqua Metals by 17.7% during the second quarter. Teachers Advisors LLC now owns 30,805 shares of the business services provider’s stock valued at $387,000 after purchasing an additional 4,643 shares in the last quarter. New York State Common Retirement Fund lifted its holdings in shares of 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 valued at $243,000 after purchasing an additional 8,399 shares in the last quarter. Finally, Royal Bank of Canada lifted its holdings in shares of Aqua Metals by 49.5% during the second quarter. Royal Bank of Canada now owns 28,894 shares of the business services provider’s stock valued at $362,000 after purchasing an additional 9,571 shares in the last quarter. 33.35% of the stock is currently owned by institutional investors and hedge funds.

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Aqua Metals Company Profile

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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