Aqua Metals (AQMS)
NASDAQ:AQMS
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AQMS Stock Chart & Stats
$5.81
-$0.17(-6.25%)
At close: 4:00 PM EST
$5.81
-$0.17(-6.25%)
Day’s Range― - ―
52-Week Range$3.37 - $39.40
Previous CloseN/A
Volume42.50K
Average Volume (3M)4.34M
Market Cap
$14.19M
Enterprise Value$7.89M
Total Cash (Recent Filing)$6.82M
Total Debt (Recent Filing)$518.00K
Price to Earnings (P/E)―
Beta1.73
Next Earnings
Aug 11, 2026EPS EstimateN/A
Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)-13.82
Shares Outstanding3,362,006
10 Day Avg. Volume7,943,334
30 Day Avg. Volume4,340,116
Financial Highlights & Ratios
PEG Ratio<0.01
Price to Book (P/B)0.49
Price to Sales (P/S)0.00
P/FCF Ratio-0.67
Enterprise Value/Market Cap0.56
Enterprise Value/RevenueN/A
Enterprise Value/Gross Profit-3.61
Enterprise Value/Ebitda-0.46
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)-24
Revenue Forecast (FY)$7.80M
Bulls Say, Bears Say
Bulls Say
Technical ValidationIndependent production of battery‑grade lithium carbonate across NMC and LFP feedstocks and 5,000+ operating hours represent durable technical validation. This materially reduces technology execution risk, supports customer qualification for recycled inputs, and strengthens the company’s ability to scale commercial operations once site and financing are secured.
Cost Discipline And Loss ReductionSustained reductions in operating expenses and a materially smaller quarterly loss indicate management is tightening spend and prioritizing engineering/commercial milestones. Improved cost structure reduces structural cash burn, lengthens runway, and demonstrates operational focus that supports a clearer path toward commercial viability if revenue traction follows.
Low Leverage / Limited Solvency RiskVery low debt reduces near-term solvency pressure and preserves strategic flexibility to pursue project financing, partnerships or incremental capital raises. While equity has eroded from losses, the limited leverage profile mitigates default risk and gives management options to fund commercialization without immediate debt distress.
Bears Say
Limited Cash Runway And Quarterly Cash BurnWith only ~$6.8M in cash and a ~ $3.8M quarterly operating burn, the company faces a constrained runway absent new financing or rapid revenue conversion. This structural liquidity pressure forces reliance on dilutive financing, the ATM, or partners, and could delay site selection, engineering progression, or commercial launches over the next several months.
No Meaningful Revenue And Persistent Negative Gross ProfitThe business has not yet generated meaningful top-line revenue and reports persistent negative gross margins, indicating core processes aren't yet commercially profitable. Until repeated, contract-backed revenue and positive gross margins are achieved, the company lacks demonstrated cash-generating ability and remains dependent on external funding.
Commercial Agreements Non-binding; Execution RiskKey partnerships and customer relationships are still at MOUs/LOIs and require site selection, customer qualification and project financing to convert. This creates structural execution risk: delays in permitting, feedstock access, or binding offtakes could postpone revenue generation and increase capital needs during the critical commercialization phase.
Aqua Metals News
AQMS FAQ
What was Aqua Metals’s price range in the past 12 months?
Aqua Metals lowest stock price was $3.37 and its highest was $39.40 in the past 12 months.
What is Aqua Metals’s market cap?
Aqua Metals’s market cap is $14.19M.
When is Aqua Metals’s upcoming earnings report date?
Aqua Metals’s upcoming earnings report date is Aug 11, 2026 which is in 70 days.
How were Aqua Metals’s earnings last quarter?
Aqua Metals released its earnings results on May 14, 2026. The company reported -$1.22 earnings per share for the quarter, missing the consensus estimate of N/A by -$1.22.
Is Aqua Metals overvalued?
According to Wall Street analysts Aqua Metals’s price is currently Overvalued.
Does Aqua Metals pay dividends?
Aqua Metals does not currently pay dividends.
What is Aqua Metals’s EPS estimate?
Aqua Metals’s EPS estimate for its next earnings report is not yet available.
How many shares outstanding does Aqua Metals have?
Aqua Metals has 3,362,006 shares outstanding.
What happened to Aqua Metals’s price movement after its last earnings report?
Aqua Metals reported an EPS of -$1.22 in its last earnings report, missing expectations of N/A. Following the earnings report the stock price went down -10.823%.
Which hedge fund is a major shareholder of Aqua Metals?
Currently, no hedge funds are holding shares in AQMS
What is the TipRanks Smart Score and how is it calculated?
Smart Score combines eight research factors - such as analyst recommendations, hedge fund trends, and technical indicators - to measure a stock’s outlook. These signals are unified into a single score that reflects bullish or bearish momentum. See detailed methodology
Company Description
Aqua Metals
Aqua Metals, Inc. engages in the recycling of lead primarily in the United States. It produces and sells hard lead, lead compounds, and plastics. Aqua Metals, Inc. was incorporated in 2014 and is headquartered in Reno, Nevada.
AQMS Earnings Call
Q1 2026
0:00 / 0:00
Earnings Call Sentiment|Positive
The call conveyed meaningful technical progress and financial discipline: Aqua Metals demonstrated validated battery-grade lithium carbonate production from multiple feedstocks, achieved >5,000 operating hours, and materially reduced operating expenses and net loss year-over-year. However, the company faces near-term liquidity constraints (cash of ~$6.8M and ~$3.8M quarterly cash burn), unresolved exposure to the Lion Energy financing (~$4.1M) with a $437k provision, and no binding commercial contracts yet—progress toward commercialization is contingent on site selection and financing. Overall, the positives around validated technology, reduced losses and financing flexibility (ATM capacity) outweigh the near-term operational and liquidity risks, but execution on site selection and commercial conversions remains critical.View all AQMS earnings summariesTechnical Analysis
Ownership Overview
10.17% Insiders
2.28% Mutual Funds
<0.01% Other Institutional Investors
86.63% Public Companies and
Individual Investors