Aqua Metals (AQMS)

• Market cap: $12.4M
• 1 day: 2.76%
• 5 days: -6.88%
• 1 month: -30.05%
• 3 months: -18.13%
• 6 months: -49.66%
• Year to date: -41.11%
• 1 year: -84.54%
• 5 years: -87.16%
• 10 years: -98.61%
• Sector: Industrials
• Industry: Waste Management

About: Aqua Metals Inc is engaged in the business of recycling Lead through a novel, proprietary and patent-pending process that it developed and named AquaRefining. The company's breakthrough, AquaRefining, delivers a product, at a higher yield, eliminates toxic waste, reduces permitting, and is less expensive to build than smelting. AquaRefining process will provide for the recycling of Lead acid batteries and the production of a pure grade Lead with a significantly lower cost of production, and with fewer environmental and regulatory issues, than conventional methods of Lead production.

Employees: 11

Fund manager confidence

Based on 2024 Q4 regulatory disclosures by fund managers ($100M+ AUM)

167% more call options, than puts

Call options by funds: $48K | Put options by funds: $18K

1.97% less ownership

Funds ownership: 15.58% [Q3] → 13.61% (-1.97%) [Q4]

27% less capital invested

Capital invested by funds: $3.3M [Q3] → $2.41M (-$890K) [Q4]

41% less funds holding

Funds holding: 54 [Q3] → 32 (-22) [Q4]

81% less first-time investments, than exits

New positions opened: 5 | Existing positions closed: 27

92% less repeat investments, than reductions

Existing positions increased: 2 | Existing positions reduced: 25

Research analyst outlook

1 Wall Street Analyst provided 1 year price targets over the past 3 months

• Low target: $3 101% upside
• Avg. target: $3 101% upside
• High target: $3 101% upside

1 analyst rating

• positive: 1 100%
• neutral: 0 0%
• negative: 0 0%

Benchmark Mickey Legg 29% 1-year accuracy 2 / 7 met price target

101% upside $3

Speculative Buy Reiterated

2 Apr 2025