Critical Metals (NASDAQ:CRML) Trading Down 7.5% - What's Next?

Key Points

• Critical Metals Corp. (NASDAQ:CRML) experienced a significant drop of 7.5% in stock price, trading between $14.02 and $15.05 on Wednesday.
• Analysts have a bleak outlook for the company, with Wall Street Zen downgrading the rating from "hold" to "sell," and an average rating of "sell" according to MarketBeat.
• Institutional investors hold 86.44% of the company's shares, with several recent acquisitions and stake increases noted from various investment firms.

Critical Metals Corp. (NASDAQ:CRML - Get Free Report) was down 7.5% on Wednesday . The company traded as low as $14.02 and last traded at $15.05. Approximately 19,918,839 shares were traded during trading, an increase of 207% from the average daily volume of 6,486,435 shares. The stock had previously closed at $16.27.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on CRML shares. Wall Street Zen lowered Critical Metals from a "hold" rating to a "sell" rating in a research report on Saturday, October 11th. Weiss Ratings reaffirmed a "sell (e+)" rating on shares of Critical Metals in a research report on Wednesday, October 8th. One research analyst has rated the stock with a Sell rating, According to MarketBeat, the company has an average rating of "Sell".

Critical Metals Stock Down 7.5%

The company has a debt-to-equity ratio of 0.16, a current ratio of 0.13 and a quick ratio of 0.13. The stock has a 50-day moving average price of $9.14 and a two-hundred day moving average price of $4.81.

Institutional Investors Weigh In On Critical Metals

Institutional investors have recently added to or reduced their stakes in the business. Police & Firemen s Retirement System of New Jersey acquired a new stake in Critical Metals in the second quarter worth about $33,000. B. Riley Wealth Advisors Inc. acquired a new stake in Critical Metals in the second quarter worth about $37,000. Pallas Capital Advisors LLC acquired a new stake in Critical Metals in the second quarter worth about $45,000. Tower Research Capital LLC TRC boosted its holdings in Critical Metals by 121.8% in the second quarter. Tower Research Capital LLC TRC now owns 13,258 shares of the company's stock worth $47,000 after acquiring an additional 7,280 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC acquired a new stake in Critical Metals in the second quarter worth about $57,000. Institutional investors and hedge funds own 86.44% of the company's stock.

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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