Aqua Metals (NASDAQ:AQMS) Posts Quarterly Earnings Results, Hits Estimates

Aqua Metals (NASDAQ:AQMS) released its earnings results on Monday. The business services provider reported ($0.05) earnings per share for the quarter, meeting the consensus estimate of ($0.05), Yahoo Finance reports. During the same quarter in the prior year, the firm earned ($0.06) earnings per share.

Aqua Metals Price Performance

AQMS stock opened at $0.19 on Wednesday. The company has a fifty day moving average price of $0.35 and a two-hundred day moving average price of $0.46. Aqua Metals has a one year low of $0.18 and a one year high of $1.28. The stock has a market cap of $21.34 million, a price-to-earnings ratio of -0.75 and a beta of 1.00.

Wall Street Analysts Forecast Growth

AQMS has been the subject of several analyst reports. HC Wainwright decreased their target price on shares of Aqua Metals from $4.00 to $2.00 and set a “buy” rating for the company in a research note on Tuesday. Benchmark decreased their target price on shares of Aqua Metals from $2.00 to $1.00 and set a “speculative buy” rating for the company in a research note on Tuesday.

Insiders Place Their Bets

In related news, CEO Stephen Cotton acquired 250,000 shares of Aqua Metals stock in a transaction on Tuesday, May 14th. The stock was purchased at an average cost of $0.39 per share, with a total value of $97,500.00. Following the completion of the transaction, the chief executive officer now directly owns 6,352,233 shares in the company, valued at approximately $2,477,370.87. The purchase was disclosed in a document filed with the SEC, which is available through this link. Insiders purchased a total of 312,500 shares of company stock valued at $121,875 over the last ninety days. 4.70% of the stock is currently owned by company insiders.

About Aqua Metals

Aqua Metals, Inc engages in reinventing metals recycling activities with its patented AquaRefining technology. The company's technology produces metals and alloys that can be returned into the battery manufacturing supply chain markets, as well as sells metals for use in various advanced manufacturing industries.