Oppenheimer Analysts Boost Earnings Estimates for Aqua Metals Inc (NASDAQ:AQMS)

Aqua Metals Inc (NASDAQ:AQMS) – Analysts at Oppenheimer boosted their FY2022 EPS estimates for shares of Aqua Metals in a research report issued on Thursday, August 1st. Oppenheimer analyst C. Rusch now expects that the business services provider will post earnings of $0.50 per share for the year, up from their prior forecast of $0.49. Oppenheimer currently has a “Outperform” rating and a $9.00 target price on the stock.

Aqua Metals (NASDAQ:AQMS) last issued its earnings results on Wednesday, July 31st. The business services provider reported ($0.16) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.14) by ($0.02). Aqua Metals had a negative net margin of 1,081.83% and a negative return on equity of 66.04%. The business had revenue of $1.48 million for the quarter, compared to the consensus estimate of $0.80 million.

A number of other brokerages have also recently issued reports on AQMS. ValuEngine raised shares of Aqua Metals from a “sell” rating to a “hold” rating in a report on Thursday, August 1st. National Securities reaffirmed a “buy” rating and issued a $10.00 price target on shares of Aqua Metals in a report on Friday, May 10th. Finally, Zacks Investment Research raised shares of Aqua Metals from a “sell” rating to a “hold” rating in a report on Tuesday, July 16th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $6.25.

Shares of AQMS stock opened at $1.54 on Monday. The firm’s fifty day simple moving average is $1.76. The company has a current ratio of 3.54, a quick ratio of 3.34 and a debt-to-equity ratio of 0.15. Aqua Metals has a 1 year low of $1.47 and a 1 year high of $4.33.

Several institutional investors have recently added to or reduced their stakes in AQMS. Bank of New York Mellon Corp increased its holdings in shares of Aqua Metals by 112.4% in the fourth quarter. Bank of New York Mellon Corp now owns 32,502 shares of the business services provider’s stock worth $59,000 after purchasing an additional 17,203 shares during the period. Advisor Group Inc. increased its holdings in shares of Aqua Metals by 283.5% in the fourth quarter. Advisor Group Inc. now owns 46,400 shares of the business services provider’s stock worth $84,000 after purchasing an additional 34,300 shares during the period. Jane Street Group LLC bought a new position in shares of Aqua Metals in the fourth quarter worth $119,000. Cetera Advisor Networks LLC increased its holdings in shares of Aqua Metals by 64.5% in the fourth quarter. Cetera Advisor Networks LLC now owns 51,000 shares of the business services provider’s stock worth $93,000 after purchasing an additional 20,000 shares during the period. Finally, Deutsche Bank AG increased its holdings in shares of Aqua Metals by 37,501.5% in the fourth quarter. Deutsche Bank AG now owns 1,504,060 shares of the business services provider’s stock worth $2,737,000 after purchasing an additional 1,500,060 shares during the period. 30.89% of the stock is currently owned by hedge funds and other institutional investors.

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 McCarran, Nevada.

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Earnings History and Estimates for Aqua Metals (NASDAQ:AQMS)

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