Critical Metals (NASDAQ:CRML) Shares Gap Down - Time to Sell?

Key Points

• Critical Metals Corp. (NASDAQ:CRML) experienced a significant drop in share price, opening at $11.17 after closing at $11.59, and last traded at $10.62, reflecting a 10.3% decrease.
• The stock has a consensus rating of "Sell", with Weiss Ratings restating a sell rating and Wall Street Zen upgrading it to a hold rating.
• Large investors, including Rhumbline Advisers and Cambridge Investment Research Advisors, have recently modified their holdings in Critical Metals, suggesting ongoing interest despite the stock's performance.

Critical Metals Corp. (NASDAQ:CRML - Get Free Report)'s share price gapped down before the market opened on Tuesday . The stock had previously closed at $11.59, but opened at $11.17. Critical Metals shares last traded at $10.62, with a volume of 8,511,458 shares traded.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. Weiss Ratings restated a "sell (e+)" rating on shares of Critical Metals in a research report on Saturday, September 27th. Wall Street Zen upgraded shares of Critical Metals from a "sell" rating to a "hold" rating in a research report on Friday. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Critical Metals has a consensus rating of "Sell".

Critical Metals Stock Down 10.3%

The stock's 50 day moving average is $5.97 and its 200 day moving average is $3.52.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of CRML. Rhumbline Advisers lifted its holdings in shares of Critical Metals by 582.5% during the 1st quarter. Rhumbline Advisers now owns 43,047 shares of the company's stock worth $60,000 after acquiring an additional 36,740 shares during the period. Cambridge Investment Research Advisors Inc. purchased a new position in shares of Critical Metals during the 1st quarter worth about $58,000. Alps Advisors Inc. lifted its holdings in shares of Critical Metals by 139.8% during the 1st quarter. Alps Advisors Inc. now owns 36,799 shares of the company's stock worth $51,000 after acquiring an additional 21,451 shares during the period. Next Capital Management LLC purchased a new position in shares of Critical Metals during the 1st quarter worth about $28,000. Finally, XTX Topco Ltd purchased a new position in shares of Critical Metals during the 1st quarter worth about $96,000. 86.44% of the stock is currently owned by hedge funds and other institutional investors.

About Critical Metals

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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