With over 0.11 million Electra Battery Materials Corporation (ELBM) shares trading Tuesday and a closing price of $2.17 on the day, the dollar volume was approximately $0.23 million. The shares have shown a negative half year performance of -31.76% and its price on 01/24/23 lost nearly -6.06%. Currently, there are 32.43M common shares owned by the public and among those 32.41M shares have been available to trade.
An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 4 analysts who have offered their price forecasts for ELBM have a consensus price objective of $7.09. The analysts have set the share’s price value over the next 12 months at a high of $7.75 and a low of $6.61. But an upside of 72.0% will see the stock hit the forecast high price target while median target price for the stock is $7.01.
The top 3 mutual fund holders in Electra Battery Materials Corporation are Multipartner SICAV – Konwave Tran, US Global Investors – Global Reso, and Exemplar Performance Fund. Multipartner SICAV – Konwave Tran owns 0.28 million shares of the company’s stock, all valued at over $0.46 million. The company bought an additional 0.28 million shares recently to bring their total holdings to about 0.85% of the shares outstanding. Exemplar Performance Fund sold 1.0 shares to bring its total holdings to over 3249.0 shares at a value of $5393.0. Exemplar Performance Fund now owns shares totaling to 0.01% of the shares outstanding.
Shares of Electra Battery Materials Corporation (NASDAQ: ELBM) opened at $2.33, up $0.02 from a prior closing price of $2.31. However, the script later moved the day high at 2.3300, down -6.06%. The company’s stock has a 5-day price change of -4.82% and -26.94% over the past three months. ELBM shares are trading 30.72% year to date (YTD), with the 12-month market performance down to -48.20% lower. It has a 12-month low price of $1.48 and touched a high of $5.58 over the same period. ELBM has an average intraday trading volume of 86.09K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 3.98%, 0.34%, and -31.26% respectively.
Institutional ownership of Electra Battery Materials Corporation (NASDAQ: ELBM) shares accounts for 1.76% of the company’s 32.43M shares outstanding. Mutual fund holders own –, while other institutional holders and individual stakeholders account for — and — respectively.
It has a market capitalization of $97.89M and a beta (3y monthly) value of 1.93. The earnings-per-share (ttm) stands at -$9.16. Price movements for the stock have been influenced by the stock’s volatility, which stands at 4.84% over the week and 9.50% over the month.
Specifically, 4 Wall Street analysts polled rate the stock as a buy, while 0 of the 4 advise that investors “hold,” and 0 rated it as a “Sell.”