Wall Street analysts expect that Aqua Metals (NASDAQ:AQMS) will post sales of $1.02 million for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for Aqua Metals’ earnings, with estimates ranging from $530,000.00 to $1.50 million. Aqua Metals reported sales of $600,000.00 during the same quarter last year, which would suggest a positive year-over-year growth rate of 70%. The business is expected to issue its next earnings results on Wednesday, August 8th.
According to Zacks, analysts expect that Aqua Metals will report full year sales of $18.13 million for the current financial year, with estimates ranging from $10.15 million to $26.10 million. For the next financial year, analysts expect that the company will report sales of $72.44 million per share, with estimates ranging from $51.47 million to $93.40 million. Zacks’ sales calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for Aqua Metals.
Aqua Metals (NASDAQ:AQMS) last announced its quarterly earnings data on Wednesday, May 9th. The business services provider reported ($0.27) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.20) by ($0.07). The firm had revenue of $1.73 million during the quarter, compared to analyst estimates of $1.32 million. Aqua Metals had a negative net margin of 766.07% and a negative return on equity of 48.44%.
A number of research analysts have recently weighed in on the company. HC Wainwright set a $9.00 price objective on Aqua Metals and gave the company a “buy” rating in a report on Thursday, May 10th. ValuEngine raised Aqua Metals from a “sell” rating to a “hold” rating in a report on Wednesday, May 2nd. National Securities reissued a “buy” rating and issued a $15.00 price objective on shares of Aqua Metals in a report on Friday, March 16th. Zacks Investment Research lowered Aqua Metals from a “hold” rating to a “sell” rating in a report on Monday, February 19th. Finally, EuroPacific Canada reissued 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. One investment analyst has rated the stock with a sell rating, one has given a hold rating and six have assigned a buy rating to the company. Aqua Metals currently has an average rating of “Buy” and an average price target of $17.83.
Several institutional investors and hedge funds have recently modified their holdings of AQMS. JPMorgan Chase & Co. purchased a new stake in shares of Aqua Metals in the third quarter worth about $215,000. Selz Capital LLC boosted its stake in shares of Aqua Metals by 402.7% in the fourth quarter. Selz Capital LLC now owns 553,000 shares of the business services provider’s stock worth $1,178,000 after buying an additional 443,000 shares during the last quarter. Prescott Group Capital Management L.L.C. purchased a new stake in shares of Aqua Metals in the fourth quarter worth about $471,000. AWM Investment Company Inc. boosted its stake in shares of Aqua Metals by 62.4% in the fourth quarter. AWM Investment Company Inc. now owns 2,405,046 shares of the business services provider’s stock worth $5,123,000 after buying an additional 923,668 shares during the last quarter. Finally, Renaissance Technologies LLC purchased a new stake in shares of Aqua Metals in the fourth quarter worth about $994,000. Hedge funds and other institutional investors own 34.83% of the company’s stock.
Shares of Aqua Metals traded up $0.33, reaching $3.55, during mid-day trading on Friday, MarketBeat reports. The stock had a trading volume of 788,103 shares, compared to its average volume of 1,394,614. The company has a debt-to-equity ratio of 0.20, a quick ratio of 4.49 and a current ratio of 4.71. The firm has a market capitalization of $92.39 million, a PE ratio of -2.98 and a beta of -0.01. Aqua Metals has a 1-year low of $1.42 and a 1-year high of $13.85.
Aqua Metals Company Profile
Aqua Metals, Inc engages in the recycling of lead primarily in the United States. It produces and sells hard lead, lead compounds, and plastics. The company was founded in 2014 and is headquartered in Alameda, California.
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