Electra Battery Materials Corp (NASDAQ: ELBM) is -43.92% lower on its value in year-to-date trading and has touched a low of $0.91 and a high of $2.83 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The ELBM stock was last observed hovering at around $1.08 in the last trading session, with the day’s loss setting it -0.04%.
Currently trading at $1.04, the stock is -0.63% and -1.48% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.16 million and changing -3.70% at the moment leaves the stock -37.44% off its SMA200. ELBM registered -41.57% loss for a year compared to 6-month loss of -38.24%.
The stock witnessed a 2.97% gain in the last 1 month and extending the period to 3 months gives it a -18.11%, and is -1.89% down 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 2.35% over the week and 2.66% over the month.
Electra Battery Materials Corp (ELBM) has around 23 employees, a market worth around $18.68M and $0.00M in sales. Distance from 52-week low is 14.27% and -63.25% from its 52-week high. The company has generated returns on investments over the last 12 months (-48.74%).
The EPS is expected to grow by 44.48% this year, but quarterly earnings will post 0.00% year-over-year. Quarterly sales are estimated to shrink 0.00% in year-over-year returns.
The shares outstanding are 17.96M, and float is at 17.64M with Short Float at 0.71%.
The top institutional shareholder in the company is WHITEBOX ADVISORS LLC with over 1.76 million shares valued at $0.76 million. The investor’s holdings represent 0.7691 of the ELBM Shares outstanding. As of 2024-06-30, the second largest holder is HIGHBRIDGE CAPITAL MANAGEMENT LLC with 0.28 million shares valued at $0.12 million to account for 0.1207 of the shares outstanding. The other top investors are LPL FINANCIAL LLC which holds 0.19 million shares representing 0.0826 and valued at over $79330.0, while CABLE CAR CAPITAL LLC holds 0.0536 of the shares totaling 0.12 million with a market value of $51508.0.
