New Big Money Means Electra Battery Materials Corp (ELBM) Investors Could Reap Benefit

Electra Battery Materials Corp (NASDAQ: ELBM) is 44.37% higher on its value in year-to-date trading and has touched a low of $0.31 and a high of $2.66 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The ELBM stock was last observed hovering at around $0.43 in the last trading session, with the day’s gains setting it 0.1%.

Currently trading at $0.53, the stock is 47.13% and 37.17% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.0 million and changing 22.84% at the moment leaves the stock -34.92% off its SMA200. ELBM registered -75.82% loss for a year compared to 6-month loss of -39.42%. The firm has a 200-day simple moving average (SMA200) of -$3.65.

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The stock witnessed a 40.22% gain in the last 1 month and extending the period to 3 months gives it a -0.94%, and is 54.57% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 16.03% over the week and 9.19% over the month.

Electra Battery Materials Corp (ELBM) has around 37 employees, a market worth around $29.43M and $0.00M in sales. Distance from 52-week low is 70.03% and -80.18% from its 52-week high. The company has generated returns on investments over the last 12 months (-6.48%).

Electra Battery Materials Corp quarterly earnings per share for the current quarter are estimated at $0.The EPS is expected to shrink by -222.62% this year

27 institutions hold shares in Electra Battery Materials Corp (ELBM), with institutional investors hold 8.69% of the company’s shares. The shares outstanding are 55.84M, and float is at 55.36M with Short Float at 0.17%. Institutions hold 8.63% of the Float.

The top institutional shareholder in the company is U.S. Global Investors, Inc. with over 0.3 million shares valued at $0.19 million. The investor’s holdings represent 0.84% of the ELBM Shares outstanding. As of Jun 29, 2023, the second largest holder is Osaic Holdings Inc with 0.26 million shares valued at $0.25 million to account for 0.72% of the shares outstanding. The other top investors are Compagnie Lombard Odier Scma which holds 55000.0 shares representing 0.15% and valued at over $53350.0, while Scotia Capital Inc. holds 0.14% of the shares totaling 48909.0 with a market value of $47441.0.

Electra Battery Materials Corp (ELBM): Who are the competitors?

One of the company’s main competitors (and peers) include Orvana Minerals Corp. (ORVMF) that is trading -32.21% down over the past 12 months.Newport Exploration Ltd. (NWXPF) lies in the list of competitors of the Electra Battery Materials Corp and is -28.95% lower over the same period from ELBM