After Oppenheimer and H.C. Wainwright assigned a Buy rating to Aqua Metals in the last month, the company received another Buy, this time from National Securities Corp. Analyst Ilya Grozovsky maintained a Buy rating on Aqua Metals (NASDAQ: AQMS) today and set a price target of $15. The company’s shares closed yesterday at $3.53.
According to TipRanks.com, Grozovsky is a 4-star analyst with an average return of 8.7% and a 54.8% success rate. Grozovsky covers the Technology sector, focusing on stocks such as Mitek Systems Inc, Datawatch Corp, and Digimarc Corp.
Currently, the analyst consensus on Aqua Metals is Strong Buy and the average price target is $12.67, representing a 258.9% upside.
In a report released today, Oppenheimer also maintained a Buy rating on the stock with a $14 price target.
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Based on Aqua Metals’ latest earnings release for the quarter ending December 31, the company reported a quarterly GAAP net loss of $7.03 million. In comparison, last year the company had a GAAP net loss of $4.89 million.
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Aqua Metals, Inc. engages in the production of recycled lead through an electro-chemical process. It operates through its AquaRefining™ technology. The company Stephen R. Clarke, Thomas Murphy, and Selwyn Mould on June 20, 2014 and is headquartered in Alameda, CA.
