In the last trading session, 2.01 million Electra Battery Materials Corp (NASDAQ:ELBM) shares changed hands as the company’s beta touched 2.30. With the company’s per share price at $0.49 changed hands at -$0.07 or -12.31% during last session, the market valuation stood at $27.77M. ELBM’s last price was a discount, traded about -67.35% off its 52-week high of $0.82. The share price had its 52-week low at $0.26, which suggests the last value was 46.94% up since then. When we look at Electra Battery Materials Corp’s average trading volume, we note the 10-day average is 1.66 million shares, with the 3-month average coming to 289.09K.
Analysts gave the Electra Battery Materials Corp (ELBM) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.00. If we narrow down to specifics, the data shows that 0 out of 2 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 0 recommended ELBM as a Hold, 2 felt it is a Buy and 0 rated the stock as Underweight. Electra Battery Materials Corp’s EPS for the current quarter is expected to be 0.
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Electra Battery Materials Corp (NASDAQ:ELBM) trade information
Instantly ELBM was in red as seen at the end of in last trading. With action 34.38%, the performance over the past five days has been green. The company’s shares are showing year-to-date upside of 34.24%, with the 5-day performance at 34.38% in the green. However, in the 30-day time frame, Electra Battery Materials Corp (NASDAQ:ELBM) is 28.64% up. Looking at the short shares, we see there were 0.33 million shares sold at short interest cover period of 5.2 days.
The consensus price target for the stock as assigned by Wall Street analysts is 1.4, meaning bulls need an upside of 65.0% from its current market value. According to analyst projections, ELBM’s forecast low is 1.4 with 1.4 as the target high. To hit the forecast high, the stock’s price needs a -185.71% plunge from its current level, while the stock would need to soar -185.71% for it to hit the projected low.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 3.03%. The 2024 estimates are for Electra Battery Materials Corp earnings to increase by 79.23%.
ELBM Dividends
Electra Battery Materials Corp is expected to release its next quarterly earnings report in September.
Electra Battery Materials Corp (NASDAQ:ELBM)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 1.18% of Electra Battery Materials Corp shares while 5.01% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 5.07%. There are 5.01% institutions holding the Electra Battery Materials Corp stock share, with WHITEBOX ADVISORS LLC the top institutional holder. As of 2024-03-31, the company held 3.4031% of the shares, roughly 1.91 million ELBM shares worth $0.89 million.
HIGHBRIDGE CAPITAL MANAGEMENT LLC holds the second largest percentage of outstanding shares, with 1.3494% or 0.76 million shares worth $0.34 million as of 2024-03-31.
