Critical Metals (NASDAQ:CRML) Stock Price Down 4.4% – Time to Sell?

Shares of Critical Metals Corp. (NASDAQ:CRML) were down 4.4% during mid-day trading on Monday . The company traded as low as $10.22 and last traded at $10.31. Approximately 11,155,934 shares traded hands during trading, an increase of 62% from the average daily volume of 6,884,643 shares. The stock had previously closed at $10.78.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on CRML. Wall Street Zen cut Critical Metals from a “hold” rating to a “sell” rating in a research report on Saturday, October 11th. Weiss Ratings reiterated a “sell (e+)” rating on shares of Critical Metals in a research note on Wednesday, October 8th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Sell”.

Critical Metals Stock Performance

The company has a current ratio of 0.13, a quick ratio of 0.13 and a debt-to-equity ratio of 0.16. The business’s fifty day moving average price is $10.75 and its two-hundred day moving average price is $5.79.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of CRML. Next Capital Management LLC acquired a new stake in shares of Critical Metals during the first quarter worth about $28,000. Police & Firemen s Retirement System of New Jersey purchased a new position in Critical Metals during the 2nd quarter worth approximately $33,000. B. Riley Wealth Advisors Inc. acquired a new stake in Critical Metals during the 2nd quarter valued at approximately $37,000. Pallas Capital Advisors LLC purchased a new stake in shares of Critical Metals in the 2nd quarter valued at $45,000. Finally, SBI Securities Co. Ltd. boosted its holdings in shares of Critical Metals by 1,263.8% in the 3rd quarter. SBI Securities Co. Ltd. now owns 7,419 shares of the company’s stock valued at $46,000 after acquiring an additional 6,875 shares during the last quarter. 86.44% of the stock is currently owned by hedge funds and other institutional investors.

About Critical Metals

Critical Metals Corp. engages in the mining, exploration, and development of lithium metals. It owns Wolfsberg Project and Tanbreez Project. The company was founded on October 24, 2022 and is headquartered in British Virgin Islands.