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These Numbers Show Just How Powerful Electra Battery Materials Corp (NASDAQ: ELBM) Stock ‎Is

Electra Battery Materials Corp (NASDAQ:ELBM) price closed higher on Friday, February 09, jumping 0.62% below its previous close.

A look at the daily price movement shows that the last close reads $2.15. The company’s 5Y monthly beta was ticking 2.05. Taking into account the 52-week price action we note that the stock hit a 52-week high of $2.66 and 52-week low of $0.31. The stock added 59.25% on its value in the past month.

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Electra Battery Materials Corp, which has a market valuation of $34.56 million, is expected to release its quarterly earnings report Mar 29, 2024 – Apr 02, 2024.

Revisions to the company’s EPS highlights a short term direction of a stock’s price movement, which in the last 7 days came up with no upward and no downward reviews. On the technical perspective front, indicators give ELBM a short term outlook of 50% Sell on average. Looking at the stock’s medium term indicators we note that it is averaging as a 50% Sell, while an average of long term indicators are currently assigning the stock as 50% Sell.

The overview shows that ELBM’s price is at present -185.13% off the SMA20. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 80.97, with weekly volatility standing at 17.47%. The indicator jumps to 10.25% when calculated based on the past 30 days. Electra Battery Materials Corp (NASDAQ:ELBM)’s beta value is holding at 2.16, while the average true range (ATR) indicator is currently reading 0.05.

Turning out attention to how the Electra Battery Materials Corp stock has performed in comparison to its peers in the industry, here’s what we find: ELBM’s stock is 0.62% on the day and -72.73% in the past 12 months. Turning out attention to how the Electra Battery Materials Corp stock has performed in comparison to its peers in the industry, here’s what we find: ELBM’s stock is 0.62% on the day and -72.73% in the past 12 months.

An analysis of the Electra Battery Materials Corp (NASDAQ:ELBM) stock in terms of its daily trading volume indicates that the 3-month average is 7.30. However, this figure increases on the past 10-day timeline to an average of 0.34 million.

Current records show that the company has 55.84M in outstanding shares. The insiders’ percentage holdings are 0.85% of outstanding shares while the percentage share held by institutions stands at 8.75%. The stats also highlight that short interest as of Jan 31, 2024, stood at 0.26 million shares, which puts the short ratio at the time at 0.35. From this we can glean that short interest is 0.47% of company’s current outstanding shares. Notably, we see that shares short in January rose slightly given the previous month’s figure stood at 0.15 million. But the 69.54% upside, the stock’s price has registered year-to-date as of last trading, will likely reignite investor interest given the prospect of it rallying even higher.