AQMS Stock Summary and Trading Ideas (Aqua Metals | NASDAQ:AQMS)

Aqua Metals Inc is engaged in the business of recycling Lead through a novel, proprietary and patent-pending process that it developed and named AquaRefining. The company's breakthrough, AquaRefining, delivers a product, at a higher yield, eliminates toxic waste, reduces permitting and is less expensive to build than smelting. AquaRefining process will provide for the recycling of Lead acid batteries and the production of a pure grade Lead with a significantly lower cost of production, and with fewer environmental and regulatory issues, than conventional methods of Lead production.

Aqua Metals trades on the NASDAQ stock market under the symbol AQMS.

As of April 19, 2024, AQMS stock price declined to $0.49 with 116,263 million shares trading.

AQMS has a beta of 2.27, meaning it tends to be more sensitive to market movements. AQMS has a correlation of 0.17 to the broad based SPY ETF.

AQMS has a market cap of $55.46 million. This is considered a Micro Cap stock.

Last quarter Aqua Metals reported $0 in Revenue and -$.05 earnings per share. This fell short of revenue expectation by $-50,000 and met earnings estimates .

In the last 3 years, AQMS stock traded as high as $3.82 and as low as $.46.

The top ETF exchange traded funds that AQMS belongs to (by Net Assets): VTI, VXF, IWC, CCSO.

AQMS has underperformed the market in the last year with a price return of -57.6% while the SPY ETF gained +21.2%. AQMS has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -11.7% and -20.6%, respectively, while the SPY returned +4.3% and -3.5%, respectively.

AQMS support price is $.47 and resistance is $.53 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that AQMS stock will trade within this expected range on the day.