Critical Metals (NASDAQ:CRML) Stock Price Down 6.9% – What’s Next?

Critical Metals Corp. (NASDAQ:CRML)’s share price traded down 6.9% during mid-day trading on Tuesday . The stock traded as low as $9.72 and last traded at $9.7550. 1,945,072 shares were traded during mid-day trading, a decline of 87% from the average daily volume of 14,741,489 shares. The stock had previously closed at $10.48.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on CRML shares. Weiss Ratings raised shares of Critical Metals from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Tuesday, May 19th. Texas Capital raised shares of Critical Metals to a “strong-buy” rating in a research note on Thursday, April 16th. Finally, Freedom Capital upgraded shares of Critical Metals to a “strong-buy” rating in a report on Tuesday, March 10th. Two analysts have rated the stock with a Strong Buy rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Buy”.

Critical Metals Stock Down 0.2%

The company has a fifty day simple moving average of $10.89 and a 200 day simple moving average of $10.66.

Hedge Funds Weigh In On Critical Metals

Several large investors have recently modified their holdings of the stock. Alyeska Investment Group L.P. purchased a new stake in Critical Metals during the 4th quarter valued at about $27,130,000. UBS Group AG raised its holdings in Critical Metals by 610.9% in the fourth quarter. UBS Group AG now owns 2,196,037 shares of the company’s stock worth $15,240,000 after buying an additional 1,887,125 shares during the last quarter. Bridgewater Associates LP purchased a new position in Critical Metals in the fourth quarter worth about $4,237,000. Empery Asset Management LP bought a new position in shares of Critical Metals in the fourth quarter worth approximately $3,411,000. Finally, Geode Capital Management LLC lifted its stake in shares of Critical Metals by 272.6% in the second quarter. Geode Capital Management LLC now owns 455,006 shares of the company’s stock worth $1,629,000 after buying an additional 332,878 shares in the last quarter. Hedge funds and other institutional investors own 86.44% of the company’s stock.

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.