A new trading day began on Monday, with Electra Battery Materials Corp (NASDAQ: ELBM) stock price up 18.49% from the previous day of trading, before settling in for the closing price of $1.19. ELBM’s price has ranged from $0.77 to $2.60 over the past 52 weeks.
During the last 5-year period, the sales growth of Basic Materials Sector giant was 38.72%. Meanwhile, its annual earnings per share averaged 44.25%. With a float of $17.70 million, this company’s outstanding shares have now reached $17.96 million.
Electra Battery Materials Corp (ELBM) Insider Activity
As we move forward, let’s examine how large-scale investors are investing in this stock of the Other Industrial Metals & Mining Industry. The insider ownership of Electra Battery Materials Corp is 1.46%, while institutional ownership is 4.91%.
Electra Battery Materials Corp (ELBM) Earnings and Forecasts
In its latest quarterly report, released on 9/30/2024, the company reported earnings of -0.2 per share, which was $0.1 higher than the consensus estimate of $0.26. In terms of return on equity, this company recorded -19.55% in contrast with 50.0% return on Investment (trailing twelve months). Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.25 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 44.25% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 63.06% during the next five years compared to 38.72% growth over the previous five years of trading.
Electra Battery Materials Corp (NASDAQ: ELBM) Trading Performance Indicators
Here are Electra Battery Materials Corp’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 0.05.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -1.25, a number that is poised to hit -0.16 in the next quarter and is forecasted to reach -0.38 in one year’s time.
Technical Analysis of Electra Battery Materials Corp (ELBM)
Looking closely at Electra Battery Materials Corp (NASDAQ: ELBM), its last 5-days average volume was 1.89 million, which is a jump from its year-to-date volume of 0.5 million. As of the previous 9 days, the stock’s Stochastic %D was 48.66%.
During the past 100 days, Electra Battery Materials Corp’s (ELBM) raw stochastic average was set at 78.05%, which indicates a significant increase from 73.91% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 0.1731 in the past 14 days, which was higher than the 0.0820 volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $1.0544, while its 200-day Moving Average is $1.2393. However, in the short run, Electra Battery Materials Corp’s stock first resistance to watch stands at $1.4646. Second resistance stands at $1.5192. The third major resistance level sits at $1.6164. If the price goes on to break the first support level at $1.3128, it is likely to go to the next support level at $1.2156. Should the price break the second support level, the third support level stands at $1.1610.
Electra Battery Materials Corp (NASDAQ: ELBM) Key Stats
With a market capitalization of 25.32 million, the company has a total of 17,695K Shares Outstanding. Currently, annual sales are 0 K while annual income is -21,490 K. The company’s previous quarter sales were 0 K while its latest quarter income was -510 K.
