Critical Metals (NASDAQ:CRML) Stock Price Down 9.4% - What's Next?

Key Points

• Critical Metals Corp.'s stock price dropped 9.4% to $13.64 after closing at $15.05, with trading volume increasing by 40% compared to its average session volume.
• Analysts have downgraded the stock's rating, with Wall Street Zen changing its stance from "hold" to "sell," resulting in an overall average rating of "Sell."
• Institutional investors own 86.44% of the company's stock, with several funds recently acquiring new stakes in Critical Metals, indicating continued interest despite the stock's downturn.

Critical Metals Corp. (NASDAQ:CRML - Get Free Report)'s stock price traded down 9.4% during mid-day trading on Thursday . The stock traded as low as $13.60 and last traded at $13.64. 9,091,177 shares changed hands during trading, an increase of 40% from the average session volume of 6,498,576 shares. The stock had previously closed at $15.05.

Analysts Set New Price Targets

Several research analysts recently issued reports on the company. Wall Street Zen cut Critical Metals from a "hold" rating to a "sell" rating in a research report on Saturday, October 11th. Weiss Ratings reissued a "sell (e+)" rating on shares of Critical Metals in a research report on Wednesday, October 8th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock presently has an average rating of "Sell".

Critical Metals Stock Performance

The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.13 and a current ratio of 0.13. The business has a 50 day moving average of $9.34 and a 200-day moving average of $4.88.

Institutional Trading of Critical Metals

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Next Capital Management LLC bought a new stake in shares of Critical Metals during the 1st quarter valued at $28,000. Police & Firemen s Retirement System of New Jersey bought a new stake in shares of Critical Metals during the 2nd quarter valued at $33,000. B. Riley Wealth Advisors Inc. bought a new stake in shares of Critical Metals during the 2nd quarter valued at $37,000. Pallas Capital Advisors LLC bought a new stake in shares of Critical Metals during the 2nd quarter valued at $45,000. Finally, Tower Research Capital LLC TRC raised its stake in shares of Critical Metals by 121.8% during the 2nd quarter. Tower Research Capital LLC TRC now owns 13,258 shares of the company's stock valued at $47,000 after purchasing an additional 7,280 shares during the period. 86.44% of the stock is currently 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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