Aqua Metals (AQMS) Stock Price, News & Analysis

Company Overview

Aqua Metals, Inc. is a clean technology company focused on transforming the lead–acid battery recycling industry through its proprietary AquaRefining® process. The company’s patented technology replaces traditional smelting methods with a water-based electrochemical approach, enabling the recovery of lead from spent battery materials with significantly reduced emissions and lower energy consumption. By tackling one of the world’s most widely recycled metals in a more environmentally responsible way, Aqua Metals aims to set new standards for sustainability and resource efficiency in the battery market.

The AquaRefining process involves dissolving lead-bearing materials in a mild, aqueous solution and selectively depositing ultra-pure lead onto cathodes using an electrochemical cell. The end result is lead that meets industry specifications for reuse in battery manufacturing without the need for multiple refining steps or high-temperature furnaces. This technology is delivered through modular, scalable equipment packages, which Aqua Metals can deploy onsite or license to recyclers and battery manufacturers seeking to upgrade their operations and reduce their carbon footprint.

Headquartered in Reno, Nevada, Aqua Metals operates a demonstration facility at the Tahoe-Reno Industrial Center and collaborates with partners across North America and Europe. The company has engaged with battery producers, auto manufacturers and recycling enterprises to pilot the AquaRefining system in real-world environments. These partnerships not only validate the technology at commercial scale but also pave the way for regional licensing agreements as the global demand for sustainable battery recycling solutions grows.

Founded in 2011, Aqua Metals went public in 2018 to accelerate the deployment of its clean technology platform. The company’s management team brings together professionals with deep expertise in electrochemistry, industrial operations and environmental compliance. Under their guidance, Aqua Metals continues to refine its processes, expand its intellectual property portfolio and pursue strategic alliances that support its mission of making lead recycling cleaner, safer and more cost-effective for the world’s rapidly evolving battery industry.

Key Stats

• Today's Range: $0.50 to $0.55
• 50-Day Range: $0.48 to $1.18
• 52-Week Range: $0.47 to $7.80
• Volume: 1.69 million shs
• Average Volume: 621,384 shs
• Market Capitalization: $5.04 million
• P/E Ratio: N/A
• Dividend Yield: N/A
• Price Target: $21.50
• Consensus Rating: Buy

Aqua Metals Stock Analysis - MarketRank™

Aqua Metals scored higher than 63% of companies evaluated by MarketBeat. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 3.5 / 5
• Analyst Rating: Buy

Consensus Rating

Aqua Metals has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 2 buy ratings, no hold ratings, and no sell ratings.

Amount of Analyst Coverage

Aqua Metals has received no research coverage in the past 90 days.

Earnings and Valuation

• Score: 1.3 / 5
• Proj. Earnings Growth: Growing

Earnings Growth

Earnings for Aqua Metals are expected to grow in the coming year, from ($2.80) to ($1.00) per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Aqua Metals is -0.13, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Earnings Ratio vs. Sector

The P/E ratio of Aqua Metals is -0.13, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Book Value per Share Ratio

Aqua Metals has a P/B Ratio of 0.22. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Short Interest

• Score: 4.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

8.09% of the float of Aqua Metals has been sold short.

Short Interest Ratio / Days to Cover

Aqua Metals has a short interest ratio ("days to cover") of 0.3, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Aqua Metals has recently decreased by 11.47%, indicating that investor sentiment is improving significantly.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

Aqua Metals does not currently pay a dividend.

Dividend Growth

Aqua Metals does not have a long track record of dividend growth.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

8.09% of the float of Aqua Metals has been sold short.

Short Interest Ratio / Days to Cover

Aqua Metals has a short interest ratio ("days to cover") of 0.3, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Aqua Metals has recently decreased by 11.47%, indicating that investor sentiment is improving significantly.

News and Social Media

• Score: 3.0 / 5
• News Sentiment: 0.47

News Sentiment

Aqua Metals has a news sentiment score of 0.47. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.93 average news sentiment score of Business Services companies.

News Coverage This Week

MarketBeat has tracked 4 news articles for Aqua Metals this week, compared to 1 article on an average week.

Search Interest

3 people have searched for AQMS on MarketBeat in the last 30 days. This is an increase of 200% compared to the previous 30 days.

MarketBeat Follows

2 people have added Aqua Metals to their MarketBeat watchlist in the last 30 days.

Company Ownership

• Score: 0.0 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Aqua Metals insiders have not sold or bought any company stock.

Percentage Held by Insiders

Only 8.33% of the stock of Aqua Metals is held by insiders.

Percentage Held by Institutions

Only 21.98% of the stock of Aqua Metals is held by institutions.

AQMS Stock Analysis - Frequently Asked Questions

How have AQMS shares performed this year?

Aqua Metals' stock was trading at $2.52 at the beginning of 2025. Since then, AQMS stock has decreased by 79.9% and is now trading at $0.5062.

How were Aqua Metals' earnings last quarter?

Aqua Metals, Inc. (NASDAQ:AQMS) issued its quarterly earnings data on Thursday, May, 8th. The business services provider reported ($1.03) earnings per share for the quarter, missing analysts' consensus estimates of ($0.60) by $0.43.
Read the conference call transcript.

When did Aqua Metals' stock split?

Aqua Metals shares reverse split on Tuesday, November 5th 2024.The 1-20 reverse split was announced on Friday, November 1st 2024. The number of shares owned by shareholders was adjusted after the closing bell on Monday, November 4th 2024. An investor that had 100 shares of stock prior to the reverse split would have 5 shares after the split.

When did Aqua Metals IPO?

Aqua Metals (AQMS) raised $33 million in an IPO on Friday, July 31st 2015. The company issued 6,600,000 shares at $5.00 per share. National Securities Corporation acted as the underwriter for the IPO and Northland Capital Markets was co-manager.

How do I buy shares of Aqua Metals?

Shares of AQMS stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.

What other stocks do shareholders of Aqua Metals own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Aqua Metals investors own include Zomedica (ZOM), Jumia Technologies (JMIA), Nano Dimension (NNDM), NIO (NIO), Virgin Galactic (SPCE), NVIDIA (NVDA) and Meta Platforms (META).

Company Calendar

• Last Earnings: 5/08/2025
• Today: 7/11/2025
• Next Earnings (Estimated): 8/04/2025
• Fiscal Year End: 12/31/2025

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Business Services
• Industry: Waste Removal Svcs
• Sub-Industry: Steel Works
• Current Symbol: NASDAQ:AQMS
• CIK: 1621832
• Web: www.aquametals.com
• Phone: (775) 446-4418
• Fax: N/A
• Employees: 20
• Year Founded: N/A

Price Target and Rating

• Average Price Target for Aqua Metals: $21.50
• High Price Target: $40.00
• Low Price Target: $3.00
• Potential Upside/Downside: +4,147.3%
• Consensus Rating: Buy
• Rating Score (0-4): 3.00
• Research Coverage: 2 Analysts

Profitability

• EPS (Trailing Twelve Months): ($3.85)
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: N/A
• P/E Growth: N/A
• Net Income: -$24.55 million
• Net Margins: N/A
• Pretax Margin: N/A
• Return on Equity: -147.77%
• Return on Assets: -99.67%

Debt

• Debt-to-Equity Ratio: N/A
• Current Ratio: 0.31
• Quick Ratio: 0.28

Sales & Book Value

• Annual Sales: $30 thousand
• Price / Sales: 167.89
• Cash Flow: N/A
• Price / Cash Flow: N/A
• Book Value: $2.28 per share
• Price / Book: 0.22

Miscellaneous

• Outstanding Shares: 9,950,000
• Free Float: 9,117,000
• Market Cap: $5.04 million
• Optionable: Optionable
• Beta: 0.21