Electra Battery Materials Corp (NASDAQ: ELBM)’s stock price has gone decline by -6.82 in comparison to its previous close of 0.67, however, the company has experienced a 3.90% increase in its stock price over the last five trading days. globenewswire.com reported 2024-08-30 that TORONTO, Aug. 30, 2024 (GLOBE NEWSWIRE) — Electra Battery Materials Corporation (NASDAQ: ELBM; TSX-V: ELBM) (“Electra” or the “Company”) is pleased to announce its participation in Indonesia’s first critical minerals conference, Fastmarket’s International Critical Minerals and Metals Summit: Indonesia. The summit will bring together industry leaders, policymakers, and stakeholders to discuss Indonesia’s role in the global energy transition. Electra’s participation will underscore the opportunities to develop sustainable nickel and cobalt supply chains for the North American battery materials sector.
Is It Worth Investing in Electra Battery Materials Corp (NASDAQ: ELBM) Right Now?
The 36-month beta value for ELBM is at 2.34. Analysts have varying views on the stock, with 1 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 as “hold,” and 0 as “sell.”
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The public float for ELBM is 56.51M, and currently, shorts hold a 0.56% of that float. The average trading volume for ELBM on September 06, 2024 was 349.10K shares.
ELBM’s Market Performance
The stock of Electra Battery Materials Corp (ELBM) has seen a 3.90% increase in the past week, with a 97.59% rise in the past month, and a 39.28% gain in the past quarter. The volatility ratio for the week is 11.44%, and the volatility levels for the past 30 days are at 13.45% for ELBM. The simple moving average for the past 20 days is 26.87% for ELBM’s stock, with a 39.09% simple moving average for the past 200 days.
ELBM Trading at 43.23% from the 50-Day Moving Average
After a stumble in the market that brought ELBM to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -18.55% of loss for the given period.
Volatility was left at 13.45%, however, over the last 30 days, the volatility rate increased by 11.44%, as shares surge +101.10% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +43.64% upper at present.
During the last 5 trading sessions, ELBM rose by +3.90%, which changed the moving average for the period of 200-days by +20.81% in comparison to the 20-day moving average, which settled at $0.5071. In addition, Electra Battery Materials Corp saw 70.75% in overturn over a single year, with a tendency to cut further gains.
Stock Fundamentals for ELBM
The total capital return value is set at -0.15. Equity return is now at value -77.11, with -42.10 for asset returns.
Based on Electra Battery Materials Corp (ELBM), the company’s capital structure generated 0.45 points at debt to capital in total, while cash flow to debt ratio is standing at -0.46. The debt to equity ratio resting at 0.81. The interest coverage ratio of the stock is -0.82.
Currently, EBITDA for the company is -13.93 million with net debt to EBITDA at -4.23. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.11.
Conclusion
In conclusion, Electra Battery Materials Corp (ELBM) has had a better performance lately. Opinion on the stock among analysts is bullish, with some giving it a “buy” rating and others a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
