Electra Battery Materials Corp (ELBM) plunged -6.43 in the last month: It’s impossible to believe the numbers

Zack King

On Tuesday, Electra Battery Materials Corp (NASDAQ: ELBM) opened lower -6.43% from the last session, before settling in for the closing price of $0.91. Price fluctuations for ELBM have ranged from $0.77 to $8.70 over the past 52 weeks.

Annual sales at Basic Materials sector company grew by 38.72% over the past five years. Company’s average yearly earnings per share was noted 49.85% at the time writing. With a float of $92.73 million, this company’s outstanding shares have now reached $96.48 million.

Let’s look at the performance matrix of the company that is accounted for 23 employees.

Electra Battery Materials Corp (ELBM) Insider Updates

A key investor’s attitude towards the stock of the Other Industrial Metals & Mining industry is another important factor to consider. The insider ownership of Electra Battery Materials Corp is 3.89%, while institutional ownership is 20.08%.

Electra Battery Materials Corp (ELBM) Performance Highlights and Predictions

If we go through the results of last quarter, which was made public on 12/31/2024, the company posted -1.7 earnings per share (EPS) for the quarter, coming under the agreed prediction (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

Check out the current performance indicators for Electra Battery Materials Corp (ELBM). In the past 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)

Electra Battery Materials Corp (NASDAQ: ELBM) saw its 5-day average volume 0.87 million, a negative change from its year-to-date volume of 2.47 million. As of the previous 9 days, the stock’s Stochastic %D was 28.30%.

During the past 100 days, Electra Battery Materials Corp’s (ELBM) raw stochastic average was set at 1.03%, which indicates a significant decrease from 4.42% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 0.0702 in the past 14 days, which was lower than the 0.2383 volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $1.2213, while its 200-day Moving Average is $1.1710. Nevertheless, the first resistance level for the watch stands at $0.8973 in the near term. At $0.9432, the stock is likely to face the second major resistance level. The third major resistance level sits at $0.9663. If the price goes on to break the first support level at $0.8283, it is likely to go to the next support level at $0.8052. Assuming the price breaks the second support level, the third support level stands at $0.7593.

Electra Battery Materials Corp (NASDAQ: ELBM) Key Stats

There are currently 93,653K shares outstanding in the company with a market cap of 82.15 million. Presently, the company’s annual sales total 0 K according to its annual income of -21,490 K. Last quarter, the company’s sales amounted to 0 K and its income totaled -3,440 K.

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