Critical Metals (NASDAQ:CRML) Rating Lowered to Sell at Wall Street Zen

Key Points

• Critical Metals (NASDAQ:CRML) has been downgraded from a "hold" to a "sell" rating by analysts at Wall Street Zen.
• Weiss Ratings also issued a "sell (e+)" rating, reflecting a current overall consensus among analysts for Critical Metals as a "sell" rated stock.
• The stock has seen significant institutional investor activity, with 86.44% of the stock now owned by institutional investors, indicating strong market movements around the company.

Critical Metals (NASDAQ:CRML - Get Free Report) was downgraded by stock analysts at Wall Street Zen from a "hold" rating to a "sell" rating in a research report issued to clients and investors on Saturday.

Separately, Weiss Ratings reissued a "sell (e+)" rating on shares of Critical Metals in a research report on Wednesday. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the company currently has a consensus rating of "Sell".

Critical Metals Price Performance

Shares of CRML opened at $14.98 on Friday. The firm has a 50-day moving average of $6.71 and a 200-day moving average of $3.81. Critical Metals has a one year low of $1.23 and a one year high of $19.25.

Hedge Funds Weigh In On Critical Metals

Large investors have recently modified their holdings of the stock. Abacus Wealth Partners LLC bought a new position in shares of Critical Metals in the second quarter valued at about $179,000. Alps Advisors Inc. raised its position in shares of Critical Metals by 139.8% in the first quarter. Alps Advisors Inc. now owns 36,799 shares of the company's stock valued at $51,000 after purchasing an additional 21,451 shares during the period. Fifth Third Bancorp bought a new position in shares of Critical Metals in the second quarter valued at about $358,000. Cambridge Investment Research Advisors Inc. bought a new position in shares of Critical Metals in the first quarter valued at about $58,000. Finally, Pallas Capital Advisors LLC bought a new position in shares of Critical Metals in the second quarter valued at about $45,000. 86.44% of the stock is owned by institutional investors.

Critical Metals Company Profile

Critical Metals Corp. engages in the mining, exploration, and development of lithium metals. It owns Wolfsberg Project and Tanbreez Project. The company was founded on October 24, 2022 and is headquartered in British Virgin Islands.

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