Stocks to Watch: Eyes on Aqua Metals, Inc. (AQMS), Summit Materials, Inc. (SUM)

The price of Aqua Metals, Inc. (NASDAQ:AQMS) went down by $0 now trading at $2.04. Their shares witnessed a 38.78% increase from the 52-week low price of $1.47 they recorded on 2018-12-27. Even though it is still -112.25% behind the $4.33 high touched on 2019-03-18. The last few days have been rough for the stock, as its price has decreased by -20.62% during the week. It has also performed poorly over the past three months, as it lost around -19.69% while it has so far retreated around -35.85% during the course of a year. The stock of AQMS recorded 12.09% uptrend from the beginning of this year till date. The 12-month potential price target for Aqua Metals, Inc. is set at $10.67. This target means that the stock has an upside potential to increase by 423.04% from the current trading price.

16 institutions entered new Aqua Metals, Inc. (NASDAQ:AQMS) positions, 33 added to their existing positions in these shares, 24 lowered their positions, and 7 exited their positions entirely.

Aqua Metals, Inc. (AQMS) trade volume has increased by 23.79% as around 880,829 shares were sold when compared with its 50-day average volume of traded shares which is 711,544. At the moment, AQMS is witnessing a downtrend, as it is trading -16.8% below its 20-day SMA, -31.88% below its 50-day SMA, and -20.2% below its 200-day SMA. The company runs an ROE of roughly -75.6%, with financial analysts predicting that their earnings per share growth will be around 35% per annum for the next five year. This will be compared to the 0% decrease witnessed over the past five years.

The first technical resistance point for Aqua Metals, Inc. (NASDAQ:AQMS) will likely come at $2.09, marking a 2.39% premium to the current level. The second resistance point is at $2.13, about 4.23% premium to its current market price. On the other hand, inability to breach the immediate hurdles can drag it down to $1.85, the lower end of the range. AQMS’s 14-day MACD is -0.3 and this negative figure indicates a downward trading trend. The company’s 14-day RSI (relative strength index) score is 31.78, which shows that its stock has been neutral. The 20-day historical volatility for the stock stands at 95.84 percent, which is high when compared to that of the 50-day’s 85.21 percent.

The shares of Summit Materials, Inc. (NYSE:SUM) has increased by 3.52%, and now trading at $17.06 on the Wall Street in the intra-day deal, with their shares traded now around 1,308,994. This is a decline of -432,274 shares over the average 1,741,268 shares that were traded daily over the last three months. The stock that is trading at $17.06 went higher by 51.64% from its 52-week low of $11.25 that it attained back on 2018-12-24. The stock recorded a 52-week high of $29.81 nearly 365 days ago on 2018-05-17.

SUM stock has performed well over the past 30 days, as it added 7.09% while its price climbed by 37.58% year-to-date (YTD). Looking at the last few days, it has been good for the stock, as it rose 5.24% over the last week. The stock’s 12-month potential target price is now at $19.35. This means that the stock price might likely increase by 13.42% from its current trading price. 12 out of 16 Wall Street analysts which represents 75% rated the stock as a buy while the remaining 25% rated it as a hold, with 0% of analysts rating it as a sell.

Summit Materials, Inc. (NYSE:SUM) has been utilizing an ROE that is roughly 1.4%, with stock analysts predicting that the company’s EPS for the next five years will go up by 66.16% per year, following the 19.3% raise that was witnessed during the past five years. The stock at the moment is on a uptrend, trading 2.66% above its 20-day SMA, 3.85% above its 50-day SMA, and 4.35% above its 200-day SMA. In percentage terms, the aggregate Summit Materials, Inc. shares held by institutional investors is 34.89%. 37 institutions jumped in to acquire Summit Materials, Inc. (SUM) fresh stake, 107 added to their current holdings in these shares, 94 lowered their positions, and 30 left no stake in the company.

The stock’s 9-day MACD is 0.2 and this positive figure indicates an upward trading trend. The company’s 9-day RSI score is 57.9, which shows that its stock has been neutral. The 20-day historical volatility for the shares stand at 45.4 percent, which is more when compared to that of the 50-day’s 43.16 percent. On the daily chart, we see that the stock could reach the first level of resistance at $17.34, sporting a 1.61% premium to the current level. The next resistance point is at $17.61, representing nearly 3.12% premium to the current market price of Summit Materials, Inc. (SUM). On the other hand, failure to breach the immediate hurdles can drag it down to $16.23, the lower end of the range.

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