In a report released today, Ilya Grozovsky from National Securities Corp maintained a Buy rating on Aqua Metals (AQMS), with a price target of $10. The company’s shares opened today at $2.34.
According to TipRanks.com, Grozovsky is a 3-star analyst with an average return of 4.2% and a 52.5% success rate. Grozovsky covers the Technology sector, focusing on stocks such as Digital Turbine Inc, Mitek Systems Inc, and Datawatch Corp.
Currently, the analyst consensus on Aqua Metals is a Strong Buy with an average price target of $9.33, which is a 298.7% upside from current levels. In a report released today, Oppenheimer also reiterated 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 June 30, the company reported a quarterly GAAP net loss of $9.93 million. In comparison, last year the company had a GAAP net loss of $6.29 million.
Based on the recent corporate insider activity of 30 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of AQMS in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
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.
