Critical Metals (NASDAQ:CRML) Sets New 1-Year Low - Should You Sell?

Key Points

• Critical Metals hit a new 52-week low, trading as low as $5.08 and last at $5.12, below its prior close of $5.31.
• Analyst views are mixed: the consensus rating is “Moderate Buy” with an average $19 price target, while some firms recently downgraded the stock.
• CFO Sergey Savchenko sold 66,667 shares, reducing his holdings by 41.67%; he retained 93,333 shares after the sale.

Critical Metals Corp. (NASDAQ:CRML - Get Free Report)'s share price reached a new 52-week low on Friday. The stock traded as low as $5.08 and last traded at $5.12, with a volume of 1,347,604 shares changing hands. The stock had previously closed at $5.31.

Analyst Ratings Changes

CRML has been the topic of a number of research analyst reports. UBS Group set a $20.00 target price on Critical Metals in a report on Monday, October 5th. Wall Street Zen cut Critical Metals from a "sell" rating to a "strong sell" rating in a research note on Saturday, October 3rd. Freedom Capital cut Critical Metals from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, August 11th. Finally, Weiss Ratings upgraded Critical Metals from a "sell (e+)" rating to a "sell (d-)" rating in a research report on Monday, September 28th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $19.00.

Critical Metals Price Performance

The company has a debt-to-equity ratio of 0.04, a current ratio of 0.87 and a quick ratio of 0.87. The company's 50 day moving average is $6.91 and its 200-day moving average is $8.80.

Insider Buying and Selling

In related news, CFO Sergey Savchenko sold 66,667 shares of the business's stock in a transaction dated Monday, November 2nd. The shares were sold at an average price of $6.81, for a total transaction of $454,002.27. Following the sale, the chief financial officer owned 93,333 shares of the company's stock, valued at $635,597.73. The trade was a 41.67% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 65.70% of the stock is owned by insiders.

Hedge Funds Weigh In On Critical Metals

Large investors have recently made changes to their positions in the business. Private Advisor Group LLC bought a new stake in shares of Critical Metals in the 3rd quarter worth approximately $158,000. Global Retirement Partners LLC increased its position in Critical Metals by 48.2% during the 3rd quarter. Global Retirement Partners LLC now owns 14,630 shares of the company's stock valued at $106,000 after buying an additional 4,758 shares in the last quarter. Edgestream Partners L.P. purchased a new position in Critical Metals during the third quarter valued at $2,386,000. Moors & Cabot Inc. purchased a new position in Critical Metals during the third quarter valued at $333,000. Finally, Ethic Inc. purchased a new position in Critical Metals during the third quarter valued at $104,000. 86.44% of the stock is currently owned by hedge funds and other institutional investors.

About Critical Metals

Critical Metals Corp. is a mineral development company focused on resources used in clean energy, advanced manufacturing and other technology applications. Its portfolio includes the Tanbreez rare earth project in southern Greenland and the Wolfsberg lithium project in Austria. At Tanbreez, the company is advancing a deposit containing rare earth elements and other minerals. The project is intended to supply materials for uses such as permanent magnets and electronics. Wolfsberg is a hard-rock lithium project that Critical Metals is developing to serve the European battery supply chain.

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