Gaining Ground: Electra Battery Materials Corp (ELBM) Closes Higher at 0.91, Up 3.11

Nora Barnes

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The price of Electra Battery Materials Corp (NASDAQ: ELBM) closed at $0.91 in the last session, up 3.11% from day before closing price of $0.88. In other words, the price has increased by $3.11 from its previous closing price. On the day, 1.01 million shares were traded. ELBM stock price reached its highest trading level at $0.9559 during the session, while it also had its lowest trading level at $0.9075.

Ratios:

We take a closer look at ELBM’s different ratios to gain a better understanding of the stock. For the most recent quarter (mrq), Quick Ratio is recorded 0.05 and its Current Ratio is at 0.05. In the meantime, Its Debt-to-Equity ratio is 1.56 whereas as Long-Term Debt/Eq ratio is at 0.13.

Valuation Measures:

Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, ELBM now has a Market Capitalization of 84990320 and an Enterprise Value of 155699408.

Stock Price History:

The Beta on a monthly basis for ELBM is 2.15, which has changed by -0.4913295 over the last 52 weeks, in comparison to a change of 0.16067612 over the same period for the S&P500. Over the past 52 weeks, ELBM has reached a high of $8.70, while it has fallen to a 52-week low of $0.77. The 50-Day Moving Average of the stock is -10.67%, while the 200-Day Moving Average is calculated to be -21.21%.

Shares Statistics:

According to the various share statistics, ELBM traded on average about 8.20M shares per day over the past 3-months and 825700 shares per day over the past 10 days. A total of 96.48M shares are outstanding, with a floating share count of 95.76M. Insiders hold about 0.74% of the company’s shares, while institutions hold 20.08% stake in the company. Shares short for ELBM as of 1765756800 were 881051 with a Short Ratio of 0.11, compared to 1763078400 on 983939. Therefore, it implies a Short% of Shares Outstanding of 881051 and a Short% of Float of 0.9400000000000001.

Earnings Estimates

The performance of Electra Battery Materials Corp (ELBM) in the stock market is under the watchful eye of 1.0 analysts actively contributing to its current rating.

Analysts are recommending an EPS of between -$0.06 and -$0.06 for the fiscal current year, implying an average EPS of -$0.06. EPS for the following year is -$0.13, with 1.0 analysts recommending between -$0.13 and -$0.13.

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