Aqua Metals (NASDAQ:AQMS) has been given a $10.00 price target by investment analysts at National Securities in a research note issued to investors on Thursday. The brokerage presently has a “buy” rating on the business services provider’s stock. National Securities’ price objective suggests a potential upside of 284.62% from the company’s previous close.

Several other research firms have also issued reports on AQMS. ValuEngine lowered Aqua Metals from a “buy” rating to a “hold” rating in a research report on Thursday, November 1st. Zacks Investment Research upgraded Aqua Metals from a “sell” rating to a “hold” rating in a research report on Tuesday, October 9th. Finally, HC Wainwright reiterated a “buy” rating and issued a $4.00 price objective on shares of Aqua Metals in a research report on Thursday, August 9th. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Aqua Metals presently has an average rating of “Buy” and an average price target of $14.40.

Aqua Metals stock opened at $2.60 on Thursday. The stock has a market cap of $90.29 million, a PE ratio of -2.18 and a beta of 0.18. Aqua Metals has a 1 year low of $1.42 and a 1 year high of $4.28. The company has a debt-to-equity ratio of 0.12, a current ratio of 6.27 and a quick ratio of 6.07.

Aqua Metals (NASDAQ:AQMS) last posted its earnings results on Wednesday, November 7th. The business services provider reported ($0.24) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.22) by ($0.02). The company had revenue of $1.17 million for the quarter, compared to analyst estimates of $0.60 million. Aqua Metals had a negative return on equity of 52.14% and a negative net margin of 833.24%. Equities analysts forecast that Aqua Metals will post -0.88 EPS for the current year.

Several institutional investors and hedge funds have recently modified their holdings of the stock. BlackRock Inc. grew its position in shares of Aqua Metals by 1.8% in the 1st quarter. BlackRock Inc. now owns 907,610 shares of the business services provider’s stock valued at $2,352,000 after purchasing an additional 16,396 shares during the period. Manatuck Hill Partners LLC acquired a new position in shares of Aqua Metals in the 2nd quarter valued at approximately $1,800,000. Millennium Management LLC grew its position in shares of Aqua Metals by 605.5% in the 1st quarter. Millennium Management LLC now owns 511,847 shares of the business services provider’s stock valued at $1,326,000 after purchasing an additional 439,299 shares during the period. Wolverine Asset Management LLC grew its position in shares of Aqua Metals by 1,008.9% in the 2nd quarter. Wolverine Asset Management LLC now owns 470,376 shares of the business services provider’s stock valued at $1,354,000 after purchasing an additional 427,958 shares during the period. Finally, BNP Paribas Arbitrage SA grew its position in shares of Aqua Metals by 656.9% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 312,009 shares of the business services provider’s stock valued at $899,000 after purchasing an additional 270,788 shares during the period. Institutional investors and hedge funds own 27.65% of the company’s stock.

About Aqua Metals

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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Analyst Recommendations for Aqua Metals (NASDAQ:AQMS)

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