Electra Battery Materials (ELBM) Stock Price, News & Analysis

Company Overview

Electra Battery Materials Corporation engages in the acquisition and exploration of resource properties in the United States and Canada. It primarily explores for cobalt and silver deposits. The company's flagship project is the Iron Creek cobalt-copper project located in Lemhi County, Idaho. It also operates a cobalt refinery for producing battery materials for the electric vehicle supply chain. The company was formerly known as First Cobalt Corp. and changed its name to Electra Battery Materials Corporation in December 2021. Electra Battery Materials Corporation was incorporated in 2011 and is headquartered in Toronto, Canada.

Key Stats

• Today's Range: $0.37 to $0.40
• 50-Day Range: $0.37 to $0.61
• 52-Week Range: $0.26 to $0.75
• Volume: 81,969 shs
• Average Volume: 177,100 shs
• Market Capitalization: $22.34 million
• P/E Ratio: N/A
• Dividend Yield: N/A
• Price Target: $1.30
• Consensus Rating: Strong Buy

Electra Battery Materials Stock Analysis - MarketRank™

Electra Battery Materials scored higher than 66% of companies evaluated by MarketBeat, and ranked 102nd out of 192 stocks in the basic materials sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 3.8 / 5
• Analyst Rating: Strong Buy

Consensus Rating

Electra Battery Materials has received a consensus rating of Strong Buy. The company's average rating score is 3.50, and is based on 1 buy rating, no hold ratings, and no sell ratings.

Amount of Analyst Coverage

Electra Battery Materials has only been the subject of 1 research reports in the past 90 days.

Earnings and Valuation

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

Earnings Growth

Earnings for Electra Battery Materials are expected to grow in the coming year, from ($0.43) to ($0.21) per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Electra Battery Materials is -0.45, 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 Electra Battery Materials is -0.45, 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

Electra Battery Materials has a P/B Ratio of 0.36. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Short Interest

• Score: 3.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

0.22% of the float of Electra Battery Materials has been sold short.

Short Interest Ratio / Days to Cover

Electra Battery Materials has a short interest ratio ("days to cover") of 1.7, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Electra Battery Materials has recently increased by 12.86%, indicating that investor sentiment is decreasing significantly.

Dividend

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

Dividend Yield

Electra Battery Materials does not currently pay a dividend.

Dividend Growth

Electra Battery Materials does not have a long track record of dividend growth.

Sustainability and ESG

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

Percentage of Shares Shorted

0.22% of the float of Electra Battery Materials has been sold short.

Short Interest Ratio / Days to Cover

Electra Battery Materials has a short interest ratio ("days to cover") of 1.7, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Electra Battery Materials has recently increased by 12.86%, indicating that investor sentiment is decreasing significantly.

News and Social Media

• Score: 2.5 / 5
• News Sentiment: 0.45

News Sentiment

Electra Battery Materials has a news sentiment score of 0.45. 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 news sentiment score is similar to the average news sentiment of Basic Materials companies.

News Coverage This Week

MarketBeat has tracked 4 news articles for Electra Battery Materials this week, compared to 1 article on an average week.

MarketBeat Follows

2 people have added Electra Battery Materials to their MarketBeat watchlist in the last 30 days. This is an increase of 100% compared to the previous 30 days.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Electra Battery Materials insiders have not sold or bought any company stock.

Percentage Held by Insiders

22.69% of the stock of Electra Battery Materials is held by insiders. A high percentage of insider ownership can be a sign of company health.

Percentage Held by Institutions

Only 32.90% of the stock of Electra Battery Materials is held by institutions.

ELBM Stock Analysis - Frequently Asked Questions

How have ELBM shares performed this year?

Electra Battery Materials' stock was trading at $0.3651 at the beginning of 2024. Since then, ELBM shares have increased by 9.6% and is now trading at $0.40.
View the best growth stocks for 2024 here.

How do I buy shares of Electra Battery Materials?

Shares of ELBM 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.
Compare Top Brokerages Here.

What other stocks do shareholders of Electra Battery Materials own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Electra Battery Materials investors own include NVIDIA (NVDA), Block (SQ), SoundHound AI (SOUN), C3.ai (AI), IonQ (IONQ) and Mullen Automotive (MULN).

Company Calendar

• Today: 12/26/2024
• Fiscal Year End: 12/31/2024

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Basic Materials
• Industry: Miscellaneous electrical machinery, equipment, & supplies
• Sub-Industry: Electrical Equipment
• Current Symbol: NASDAQ:ELBM
• CUSIP: N/A
• CIK: 1907184
• Web: electrabmc.com
• Phone: (416) 900-3891
• Fax: N/A
• Employees: 37
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $1.30
• High Stock Price Target: $1.30
• Low Stock Price Target: $1.30
• Potential Upside/Downside: +225.0%
• Consensus Rating: Strong Buy
• Rating Score (0-4): 3.50
• Research Coverage: 2 Analysts

Profitability

• EPS (Most Recent Fiscal Year): ($0.89)
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: N/A
• P/E Growth: N/A
• Net Income: $-47,900,000.00
• Net Margins: N/A
• Pretax Margin: N/A
• Return on Equity: -39.33%
• Return on Assets: -19.52%

Debt

• Debt-to-Equity Ratio: 0.12
• Current Ratio: 0.07
• Quick Ratio: 0.07

Sales & Book Value

• Annual Sales: N/A
• Price / Sales: N/A
• Cash Flow: N/A
• Price / Cash Flow: N/A
• Book Value: $1.10 per share
• Price / Book: 0.36

Miscellaneous

• Outstanding Shares: 55,851,000
• Free Float: 43,178,000
• Market Cap: $22.34 million
• Optionable: Not Optionable
• Beta: 2.61