$8.58M in average volume shows that Electra Battery Materials Corp (ELBM) is heading in the right direction

Steve Mayer

On Friday, Electra Battery Materials Corp (NASDAQ: ELBM) was 6.95% up from the session before settling in for the closing price of $0.94. A 52-week range for ELBM has been $0.77 – $8.70.

During the last 5-year period, the sales growth of Basic Materials Sector giant was 38.72%. When this article was written, the company’s average yearly earnings per share was at 49.85%. With a float of $90.01 million, this company’s outstanding shares have now reached $93.65 million.

Electra Battery Materials Corp (ELBM) Insider Activity

Also, it is sometimes useful to examine the sentiment of large-scale investors toward Electra Battery Materials Corp stocks. The insider ownership of Electra Battery Materials Corp is 3.89%, while institutional ownership is 20.69%.

Electra Battery Materials Corp (ELBM) Earnings and Forecasts

Going through the last 3-months fiscal report unveiled on the 12/31/2024, it has been observed that the corporation posted -1.7 earnings per share (EPS) during the time that was less than consensus figure (set at -0.2) by -1.5.

According to the Wall Street analysts, stocks earnings will be around 49.85% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 62.13% 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

You can see what Electra Battery Materials Corp (ELBM) is doing with its current performance indicators. In the most recent quarter, the stock posted a quick ratio of 0.05. For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -1.29 and is forecasted to reach -0.09 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 1.22 million, which is a drop from its year-to-date volume of 2.59 million. As of the previous 9 days, the stock’s Stochastic %D was 67.64%.

During the past 100 days, Electra Battery Materials Corp’s (ELBM) raw stochastic average was set at 2.90%, which indicates a significant decrease from 52.23% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 0.0769 in the past 14 days, which was lower than the 0.2382 volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $1.4662, while its 200-day Moving Average is $1.2273. However, in the short run, Electra Battery Materials Corp’s stock first resistance to watch stands at $1.0367. Second resistance stands at $1.0733. The third major resistance level sits at $1.1267. If the price goes on to break the first support level at $0.9467, it is likely to go to the next support level at $0.8933. Should the price break the second support level, the third support level stands at $0.8567.

Electra Battery Materials Corp (NASDAQ: ELBM) Key Stats

There are 17,962K outstanding shares of the company, which has a market capitalization of 93.65 million. As of now, sales total 0 K while income totals -21,490 K. Its latest quarter income was 0 K while its last quarter net income were -3,440 K.

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