Electra Battery Materials Corporation (NASDAQ:ELBM – Free Report) – Equities researchers at HC Wainwright increased their FY2026 earnings per share (EPS) estimates for shares of Electra Battery Materials in a report released on Friday, August 21st. HC Wainwright analyst H. Ihle now expects that the company will post earnings per share of $0.23 for the year, up from their prior forecast of $0.14. HC Wainwright has a “Buy” rating and a $2.00 price target on the stock. The consensus estimate for Electra Battery Materials’ current full-year earnings is $0.14 per share.
ELBM has been the topic of a number of other reports. Wall Street Zen raised Electra Battery Materials from a “strong sell” rating to a “hold” rating in a report on Saturday, May 16th. Zacks Research upgraded Electra Battery Materials to a “hold” rating in a research report on Thursday, May 21st. Weiss Ratings upgraded shares of Electra Battery Materials from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Tuesday, August 18th. Finally, Raymond James Financial reaffirmed a “buy” rating on shares of Electra Battery Materials in a report on Friday, May 22nd. Two analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $2.00.
Electra Battery Materials Stock Performance
Shares of ELBM opened at $0.60 on Tuesday. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.88 and a current ratio of 0.88. The stock has a 50-day moving average of $0.56 and a two-hundred day moving average of $0.63. The stock has a market cap of $63.81 million, a P/E ratio of -0.55 and a beta of 2.53. Electra Battery Materials has a one year low of $0.49 and a one year high of $8.70.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. PEAK6 LLC acquired a new position in shares of Electra Battery Materials in the second quarter worth about $754,000. Rathbones Group PLC grew its position in shares of Electra Battery Materials by 149.7% during the 1st quarter. Rathbones Group PLC now owns 250,171 shares of the company’s stock valued at $145,000 after acquiring an additional 150,000 shares during the period. Cable Car Capital LP purchased a new position in shares of Electra Battery Materials in the 2nd quarter valued at about $223,000. XTX Topco Ltd purchased a new position in shares of Electra Battery Materials in the 4th quarter valued at about $160,000. Finally, Aristides Capital LLC acquired a new position in Electra Battery Materials in the 4th quarter worth about $116,000. Hedge funds and other institutional investors own 32.90% of the company’s stock.
About Electra Battery Materials
Electra Battery Materials Inc is a Canada-based battery materials company focused on the sourcing, refining and recycling of critical minerals used in lithium-ion batteries. The company’s core business activities include the development of hydrometallurgical processing facilities to convert raw feedstocks—such as mined ores, recycled battery black mass and industrial by-products—into battery-grade nickel, cobalt, lithium and other specialty materials. Electra’s business model centers on vertically integrated operations designed to secure supply chain resilience for North American and global electric vehicle (EV) and energy storage markets.
In 2022, Electra Battery Materials completed a business combination transaction and commenced trading on the NASDAQ under the ticker ELBM.
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