Critical Metals (NASDAQ:CRML) Trading 9.3% Higher – Still a Buy?

Critical Metals Corp. (NASDAQ:CRML) shot up 9.3% during trading on Tuesday . The stock traded as high as $9.75 and last traded at $9.7750. 4,438,732 shares were traded during trading, a decline of 77% from the average session volume of 19,217,174 shares. The stock had previously closed at $8.94.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Critical Metals in a research note on Wednesday, January 21st. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock has a consensus rating of “Sell”.

Critical Metals Trading Down 3.9%

The firm’s 50 day moving average price is $12.43 and its two-hundred day moving average price is $10.54. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.13 and a current ratio of 0.13.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Alyeska Investment Group L.P. bought a new stake in Critical Metals in the 4th quarter valued at $27,130,000. UBS Group AG boosted its position in Critical Metals by 610.9% during the fourth quarter. UBS Group AG now owns 2,196,037 shares of the company’s stock worth $15,240,000 after purchasing an additional 1,887,125 shares during the period. Nuveen LLC increased its holdings in shares of Critical Metals by 37.0% in the fourth quarter. Nuveen LLC now owns 713,066 shares of the company’s stock valued at $4,949,000 after purchasing an additional 192,588 shares during the last quarter. State Street Corp increased its holdings in shares of Critical Metals by 57.9% in the fourth quarter. State Street Corp now owns 696,550 shares of the company’s stock valued at $4,834,000 after purchasing an additional 255,499 shares during the last quarter. Finally, Geode Capital Management LLC raised its position in shares of Critical Metals by 38.9% in the fourth quarter. Geode Capital Management LLC now owns 634,706 shares of the company’s stock valued at $4,405,000 after purchasing an additional 177,909 shares during the period. 86.44% of the stock is currently owned by institutional investors.

Critical Metals Company Profile

Critical Metals Corp. engages in the mining, exploration, and development of lithium metals. It owns Wolfsberg Project and Tanbreez Project. The company was founded on October 24, 2022 and is headquartered in British Virgin Islands.