Electra Battery Materials Corp (NASDAQ:ELBM) has a beta value of 2.29 and has seen 0.1 million shares traded in the last trading session. The company, currently valued at $39.57M, closed the last trade at $0.69 per share which meant it gained $0.02 on the day or 3.21% during that session. The ELBM stock price is -13.04% off its 52-week high price of $0.78 and 62.32% above the 52-week low of $0.26. If we look at the company’s 10-day average daily trading volume, we find that it stood at 1.81 million shares traded. The 3-month trading volume is 338.47K shares.
The consensus among analysts is that Electra Battery Materials Corp (ELBM) is Buy stock at the moment, with a recommendation rating of 1.00. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 0 out of 2 have rated it as a Hold, with 2 advising it as a Buy. 0 have rated the stock as Underweight.
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Electra Battery Materials Corp (NASDAQ:ELBM) trade information
Sporting 3.21% in the green in last session, the stock has traded in the green over the last five days, with the highest price hit on recent trading when the ELBM stock price touched $0.69 or saw a rise of 2.46%. Year-to-date, Electra Battery Materials Corp shares have moved 89.40%, while the 5-day performance has seen it change 28.29%. Over the past 30 days, the shares of Electra Battery Materials Corp (NASDAQ:ELBM) have changed 101.54%. Short interest in the company has seen 0.31 million shares shorted with days to cover at 4.56.
Wall Street analysts have a consensus price target for the stock at $1.4, which means that the shares’ value could jump 50.71% from current levels. The projected low price target is $1.4 while the price target rests at a high of $1.4. In that case, then, we find that the current price level is -102.9% off the targeted high while a plunge would see the stock gain -102.9% from current levels.
Electra Battery Materials Corp (ELBM) estimates and forecasts
Figures show that Electra Battery Materials Corp shares have underperformed across the wider relevant industry. The company’s shares have gained 28.06% over the past 6 months, with this year growth rate of -104.76%, compared to 20.90% for the industry.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was 3.03% over the past 5 years.
ELBM Dividends
Electra Battery Materials Corp is expected to release its next earnings report in October this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
Electra Battery Materials Corp (NASDAQ:ELBM)’s Major holders
Insiders own 1.18% of the company shares, while shares held by institutions stand at 5.01% with a share float percentage of 5.07%. Investors are also buoyed by the number of investors in a company, with Electra Battery Materials Corp having a total of 26.0 institutions that hold shares in the company. The top two institutional holders are WHITEBOX ADVISORS LLC with over 1.76 million shares worth more than $0.76 million. As of 2024-06-30, WHITEBOX ADVISORS LLC held 3.1386% of shares outstanding.
The other major institutional holder is HIGHBRIDGE CAPITAL MANAGEMENT LLC, with the holding of over 0.28 million shares as of 2024-06-30. The firm’s total holdings are worth over $0.12 million and represent 0.4923% of shares outstanding.
