Critical Metals (NASDAQ:CRML) Shares Gap Up - What's Next?

Key Points

• Critical Metals Corp. (NASDAQ:CRML) shares saw a significant increase, opening at $30.25 after closing at $23.28, with the last trading price at $27.16.
• Analysts have a consensus "Sell" rating for Critical Metals, with recent reports from Weiss Ratings and Wall Street Zen confirming or downgrading the stock's outlook.
• Institutional investors hold 86.44% of Critical Metals shares, with substantial increases in holdings reported by several investment firms during the second quarter.

Critical Metals Corp. (NASDAQ:CRML - Get Free Report)'s share price gapped up before the market opened on Tuesday . The stock had previously closed at $23.28, but opened at $30.25. Critical Metals shares last traded at $27.16, with a volume of 36,949,677 shares traded.

Analysts Set New Price Targets

CRML has been the subject of a number of recent analyst reports. Weiss Ratings reaffirmed a "sell (e+)" rating on shares of Critical Metals in a research report on Wednesday, October 8th. Wall Street Zen cut Critical Metals from a "hold" rating to a "sell" rating in a research report on Saturday. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Critical Metals presently has a consensus rating of "Sell".

Critical Metals Price Performance

The business has a fifty day moving average price of $7.10 and a 200 day moving average price of $3.99. The company has a current ratio of 0.13, a quick ratio of 0.13 and a debt-to-equity ratio of 0.16.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Tower Research Capital LLC TRC lifted its holdings in shares of Critical Metals by 121.8% during the second quarter. Tower Research Capital LLC TRC now owns 13,258 shares of the company's stock worth $47,000 after buying an additional 7,280 shares during the last quarter. Police & Firemen s Retirement System of New Jersey acquired a new stake in Critical Metals during the second quarter worth $33,000. B. Riley Wealth Advisors Inc. acquired a new stake in Critical Metals during the second quarter worth $37,000. Pallas Capital Advisors LLC acquired a new stake in Critical Metals during the second quarter worth $45,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Critical Metals by 288.3% during the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 17,592 shares of the company's stock worth $63,000 after buying an additional 13,061 shares in the last quarter. 86.44% of the stock is currently owned by institutional investors and hedge funds.

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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