Reading the tape
NASDAQ: AQMS
Aqua Metals, Inc.
Industrials · Waste Management
Market Cap
$17.83M
52w High
$39.40
52w Low
$3.37
P/E
-0.35
Volume
110.57K
Outstanding Shares
3.35M
Price vs Fundamentals
Why The Stock Is Moving
Likely multiple compressionModerate confidence
Note: The most recent financial data is over 3 months old. Metrics shown may not reflect the latest reporting period.
1Y Price: -54.92%FCF (TTM): 56.98%
What changed
The stock fell 54.92% over the last year. Free cash flow grew 56.98% over the trailing twelve months.
What the market seems to be pricing
Visible fundamentals weakened far less than the stock price. The market appears to be discounting durability, risk, or trust rather than just the latest reported numbers.
What would invalidate this read
This read is wrong if revenue rolls over, margins compress again, or free cash flow keeps deteriorating. In that case the selloff would be catching up with weaker business quality rather than just a lower multiple.
Company profile
Aqua Metals, Inc. engages in the recycling of lead primarily in the United States.
CEOStephen Cotton
SectorIndustrials
IndustryWaste Management
Employees11
IPO dateJul 31, 2015
Valuation
Forward P/E—
EV/EBITDA0.15
Enterprise value-$3.04M
Stock splits
Aug 4, 2025↓ Reverse
Every 10 shares became 1
Nov 5, 2024↓ Reverse
Every 20 shares became 1
Profitability & growth
Revenue growth—
Gross margin0%
Operating margin0%
ROE-153.32%▼1.43%vs FY2024
Analyst consensus
RatingBuy
Target price—
5
Buy
2
Hold
0
Sell
Analyst ratings tend to be lagging indicators. Use as one signal among many.
Earnings
Full quarter-by-quarter history of actuals vs estimates. Switch into compare mode to inspect one metric year-over-year.
Next report
May 7, 2026
Q2 FY26 · EPS est — · Revenue est —
View