The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Aqua Metals Inc shares valued at $4,450 were purchased by DIVITO VINCENT L on Nov 17 ’23. At $0.89 per share, DIVITO VINCENT L acquired 5,000 shares. The insider’s holdings grew to 339,590 shares worth approximately $0.16 million following the completion of this transaction.
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Also, SMITH EDWARD J purchased 90,500 shares, netting a total of over 99,550 in proceeds. Following the buying of shares at $1.10 each, the insider now holds 309,050 shares.
Before that, Zhang Peifang had added 72,900 shares to its account. In a trade valued at $80,190, the Director bought Aqua Metals Inc shares for $1.10 each. Upon closing the transaction, the insider’s holdings increased to 72,900 shares, worth approximately $0.12 million.
As published in a research note from Oppenheimer on August 10, 2023, Aqua Metals Inc [AQMS] has been rated down from an Outperform to a Perform. Analysts at H.C. Wainwright started covering the stock with ‘”a Buy”‘ outlook in a report released in early March. As of December 03, 2019, Alliance Global Partners has decreased its “Buy” rating to a “Neutral” for AQMS. Earlier on February 14, 2018, Euro Pacific Capital resumed its rating. Their recommendation was “a Buy” for AQMS stock.
Analyzing AQMS Stock Performance
During the last five days, there has been a drop of approximately -3.28%. Over the course of the year, Aqua Metals Inc shares have dropped approximately -37.50%. Shares of the company reached a 52-week high of $0.7948 on 01/02/24 and a 52-week low of $0.4630 on 03/05/24. A 50-day SMA is recorded $0.5533, while a 200-day SMA reached $0.9207. Nevertheless, trading volume fell to 0.31 million shares from 0.47 million shares the previous day.
Support And Resistance Levels for Aqua Metals Inc (AQMS)
According to the 24-hour chart, there is a support level at 0.4700, which, if violated, would cause prices to drop to 0.4650. In the upper region, resistance lies at 0.4800. The next price resistance is at 0.4850. RSI (Relative Strength Index) is 36.31 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.0224, which suggests the price will decrease in the coming days. Percent R is at 87.63%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
Is Aqua Metals Inc subject to short interest?
Stocks of Aqua Metals Inc saw a sharp steep in short interest on Feb 29, 2024 dropping by -0.28 million shares to 4.27 million. Data from Yahoo Finance shows that the short interest on Jan 31, 2024 was 4.55 million shares. A decline of -6.56% in short interest reflects a positive sentiment towards the stock. Despite the fact that short shares comprise just 13.53 of the overall float, the days-to-cover ratio (short ratio) decline to 13.53.
