Critical Metals (NASDAQ:CRML) Releases Quarterly Earnings Results

Critical Metals (NASDAQ:CRML) released its quarterly earnings data on Friday. The company reported ($0.40) earnings per share for the quarter, FiscalAI reports.

Critical Metals Price Performance

Shares of CRML stock traded down $0.34 during trading hours on Friday, hitting $7.83. 7,854,134 shares of the company’s stock traded hands, compared to its average volume of 12,034,203. The stock’s 50 day simple moving average is $6.79 and its 200 day simple moving average is $8.82. Critical Metals has a 12 month low of $5.11 and a 12 month high of $32.15.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on CRML shares. Weiss Ratings downgraded shares of Critical Metals from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Tuesday, July 21st. Wall Street Zen raised shares of Critical Metals from a “strong sell” rating to a “sell” rating in a research note on Saturday, September 12th. Cantor Fitzgerald assumed coverage on shares of Critical Metals in a research note on Tuesday, July 14th. They set a “speculative buy” rating and a $18.00 target price on the stock. Finally, Freedom Capital downgraded shares of Critical Metals from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 11th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $18.00.

Institutional Trading of Critical Metals

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Integrated Wealth Concepts LLC bought a new position in shares of Critical Metals during the second quarter worth about $29,000. Allworth Financial LP boosted its stake in shares of Critical Metals by 53.4% in the 2nd quarter. Allworth Financial LP now owns 5,055 shares of the company’s stock valued at $52,000 after purchasing an additional 1,760 shares during the last quarter. Corient Private Wealth LP raised its stake in Critical Metals by 153.9% during the second quarter. Corient Private Wealth LP now owns 136,618 shares of the company’s stock worth $1,400,000 after buying an additional 82,815 shares during the last quarter. Bank of America Corp DE boosted its position in Critical Metals by 327.5% during the first quarter. Bank of America Corp DE now owns 229,907 shares of the company’s stock valued at $1,825,000 after acquiring an additional 176,123 shares during the last quarter. Finally, Royal Bank of Canada lifted its stake in shares of Critical Metals by 121.4% in the 1st quarter. Royal Bank of Canada now owns 10,947 shares of the company’s stock valued at $87,000 after purchasing an additional 6,002 shares during the period. 86.44% of the stock is currently owned by institutional investors and hedge funds.

Critical Metals Company Profile

Critical Metals Corp. is a mineral development company focused on advancing projects that supply critical raw materials for the electric vehicle, battery storage, renewable energy and technology industries. The company’s principal asset is the Wolfsberg Lithium Project in Carinthia, Austria, which is intended to produce battery-grade lithium hydroxide for European markets.

The Wolfsberg project includes planned mining, processing and refining operations designed to support an integrated European lithium supply chain.