AQMS Share Price | Aqua Metals, Inc. Stock Analysis & Recommendation

Q: What does Aqua Metals, Inc. do?

Overview:Aqua Metals, Inc. is engaged in the recycling of lead through its proprietary AquaRefining process, operating within the Minerals & Mining industry and classified as a micro-cap company.Financial Snapshot:Net Profit: -8 Million (Quarterly Results - Mar 2025)Market cap: USD 7.35 Million (Micro Cap)Key Metrics:Debt Equity: 0.21Return on Equity: -229.30%Price to Book: 0.77Contact Details:Address: 2500 Peru Dr, SPARKS NV : 89437-6810Tel: 1 775 5251936Website: https://www.aquametals.com/

Q: Is Aqua Metals, Inc. overvalued or undervalued?

As of 22 October 2020, Aqua Metals, Inc. has moved from a valuation grade of risky to does not qualify, indicating significant concerns regarding its financial health. The company is currently considered overvalued, especially given its troubling financial ratios, including a Price to Book Value of 0.71 and an EV to Capital Employed ratio of 0.76, which suggest inefficiencies in asset utilization. The negative ROCE of -160.01% and ROE of -229.30% further highlight the company's struggles to generate returns for its investors.In comparison to its peers, Aqua Metals, Inc. stands out unfavorably. For instance, Centrus Energy Corp. holds an attractive valuation with a P/E ratio of 30.18, while TMC the metals co., Inc. is also classified as does not qualify with a P/E of -25.78. The stark contrast in these valuations, alongside Aqua Metals' significant decline in stock performance—down 91.54% over the past year compared to a 10.26% increase in the S&P 500—reinforces the conclusion that Aqua Metals is overvalued in its current state.

Q: Is Aqua Metals, Inc. technically bullish or bearish?

As of 28 August 2025, the technical trend for Aqua Metals, Inc. has changed from mildly bearish to mildly bullish. The weekly MACD is mildly bullish, and the monthly MACD is also mildly bullish, indicating positive momentum. The monthly RSI is bullish, suggesting strength in the price action over that timeframe. However, the daily moving averages remain bearish, which could indicate short-term weakness. The Bollinger Bands are mildly bearish on both weekly and monthly charts, and the KST shows a mixed signal with weekly mildly bullish and monthly bearish readings. Overall, the current stance is mildly bullish, supported by the weekly MACD and RSI, despite some conflicting signals from other indicators.In terms of performance, Aqua Metals has significantly underperformed the S&P 500 across all multi-period returns, with a year-to-date return of -83.57% compared to the S&P 500's 12.22%.

Price Point

High/Low

1Day

52 Week

Valuation

Technical

Day's Volume

CASH

82.14 k

Shareholding (Sep 2025)

FII

0.63%

Held by 13 FIIs

DII

97.19%

Held by 2 DIIs

Promoter

0.00%

How big is Aqua Metals, Inc.?

22-Jun-2025

As of Jun 18, Aqua Metals, Inc. has a market capitalization of 7.35 million, with net sales of 0.00 million and a net profit of -27.11 million over the latest four quarters. Shareholder's funds are 16.24 million, and total assets are 26.36 million.

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What does Aqua Metals, Inc. do?

22-Jun-2025

Aqua Metals, Inc. specializes in lead recycling using its AquaRefining process and is classified as a micro-cap company with a market cap of $7.35 million. As of March 2025, it reported a net profit of -$8 million.

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Who are in the management team of Aqua Metals, Inc.?

22-Jun-2025

As of March 2022, the management team of Aqua Metals, Inc. includes S. Shariq Yosufzai as Chairman of the Board, Stephen Cotton as President and CEO, and Vincent DiVito as an Independent Director.

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Is Aqua Metals, Inc. overvalued or undervalued?

25-Jun-2025

As of October 22, 2020, Aqua Metals, Inc. is considered overvalued and has moved to a "does not qualify" valuation grade due to significant financial struggles, including negative returns on capital and equity, and a stark decline in stock performance compared to its peers and the S&P 500.

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Is Aqua Metals, Inc. technically bullish or bearish?

20-Sep-2025

As of August 28, 2025, Aqua Metals, Inc. shows a mildly bullish trend supported by positive weekly and monthly MACD and RSI indicators, despite underperforming the S&P 500 with a year-to-date return of -83.57%.

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Compare Aqua Metals, Inc. with Similar Stocks

Caesarstone Ltd.Gold Royalty Corp.TMC the metals co., Inc.

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Dashboard

Unrated Stock - No Analysis Available

Mojo Parameters

Stock DNA

Industry

Minerals & Mining

Market cap

USD 8 Million ()

P/E

NA (Loss Making)

Industry P/E

Dividend Yield

0.00%

Debt Equity

-0.51

Return on Equity

-253.53%

Price to Book

1.24

Revenue and Profits:

Net Sales:

(Quarterly Results - Sep 2025)

Net Profit:

-3 Million

Total Returns

Total Returns (Price + Dividend)

TimePeriod

Price Return

Dividend Return

Total Return

3 Months

-27.84%

6 Months

22.31%

1 Year

-78.22%

2 Years

-96.08%

3 Years

290.98%

4 Years

-97.73%

5 Years

-99.59%

Aqua Metals, Inc. for the last several years.

Risk Adjusted Returns v/s

News & Corporate Actions

News

No Recent News for the Company

Announcements

No announcement available

Corporate Actions

No corporate action available

Key Factors

Quality key factors

Factor

Value

Sales Growth (5y)

-100.00%

EBIT Growth (5y)

8.03%

EBIT to Interest (avg)

-15.16

Debt to EBITDA (avg)

Negative Net Debt

Net Debt to Equity (avg)

0.21

Sales to Capital Employed (avg)

0.00

Tax Ratio

0.01%

Dividend Payout Ratio

Pledged Shares

Institutional Holding

9.16%

ROCE (avg)

ROE (avg)

Valuation key factors

Factor

Value

P/E Ratio

NA (Loss Making)

Industry P/E

Price to Book Value

0.71

EV to EBIT

-0.48

EV to EBITDA

-0.51

EV to Capital Employed

0.76

EV to Sales

PEG Ratio

Dividend Yield

ROCE (Latest)

-160.01%

ROE (Latest)

-229.30%

Technicals key factors

Indicator

Weekly

Monthly

MACD

Bearish

Mildly Bullish

RSI

No Signal

Bollinger Bands

Mildly Bearish

Moving Averages

Bearish (Daily)

KST

Bearish

Mildly Bearish

Dow Theory

Mildly Bearish

OBV

No Trend

Technical Indicator Scale: Bearish, Mildly Bearish, Sideways, Mildly Bullish, Bullish Turned

Shareholding

Shareholding Snapshot : Sep 2025

Shareholding Compare (%holding)

Majority shareholders

Domestic Funds

Held in 7 Schemes (2.18%)

Foreign Institutions

Held by 13 Foreign Institutions (0.63%)

Strategic Entities with highest holding

Highest Public shareholder

Financial

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          "field": "Interest",
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          "val2": "0.20",
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        "Dec'24",
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          "chgp_class": "negative"
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          "val1": "0.60",
          "val2": "0.60",
          "chgp": "",
          "chgp_class": "neutral"
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        {
          "field": "Exceptional Items",
          "val1": "-3.10",
          "val2": "-4.90",
          "chgp": "36.73%",
          "chgp_class": "positive"
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          "val1": "-24.60",
          "val2": "-23.90",
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Quarterly Results Snapshot (Consolidated) - Sep'25 - QoQ

Sep'25

Jun'25

Change(%)

Net Sales

0.00

Operating Profit (PBDIT) excl Other Income

-2.80

-3.00

6.67%

Interest

0.00

0.20

-100.00%

Exceptional Items

-0.10

-3.80

97.37%

Consolidate Net Profit

-3.10

-6.80

54.41%

Operating Profit Margin (Excl OI)

0.00%

USD in Million.

Compare with Peers

Net Sales

QoQ Growth in quarter ended Sep 2025 is 0.00% vs 0.00% in Jun 2025

Consolidated Net Profit

QoQ Growth in quarter ended Sep 2025 is 54.41% vs 18.07% in Jun 2025

All Quarterly Results

Annual Results Snapshot (Consolidated) - Dec'24

Dec'24

Dec'23

Change(%)

Net Sales

0.00

Operating Profit (PBDIT) excl Other Income

-19.50

-18.40

-5.98%

Interest

0.60

Exceptional Items

-3.10

-4.90

36.73%

Consolidate Net Profit

-24.60

-23.90

-2.93%

Operating Profit Margin (Excl OI)

0.00%

-785,440.00%

78,544.00%

USD in Million.

Compare with Peers

Net Sales

YoY Growth in year ended Dec 2024 is 0.00% vs 0.00% in Dec 2023

Consolidated Net Profit

YoY Growth in year ended Dec 2024 is -2.93% vs -55.19% in Dec 2023

All Annual Results

Company CV

About Aqua Metals, Inc.

Aqua Metals, Inc.

Minerals & Mining

Aqua Metals, Inc. is engaged in the business of recycling lead through a process that the Company developed and named AquaRefining. The Company's AquaRefining process focuses on providing for the recycling of lead acid batteries (LABs) and the production of lead. AquaRefining uses bio-degradable aqueous solvent and an ambient temperature electro-chemical process to produce lead. The modular nature of AquaRefining makes it possible to start LAB recycling at a much smaller scale than is possible with smelters. Its AquaRefining process begins with the crushing of used LABs and the separation of the metallic lead, active material (lead compounds), sulfuric acid and plastic for recycling. The active material is dissolved in its solvent. The primary lead is then stripped from the solvent using its automated process allowing the solvent to be reused continuously and indefinitely.

Company Coordinates

Company Details

2500 Peru Dr , SPARKS NV : 89437-6810

Tel: 1 775 5251936

https://www.aquametals.com/

Registrar Details

Aqua Metals, Inc.

1Day

52 Week

CASH

FII

DII

Promoter

How big is Aqua Metals, Inc.?

Watch in Real-Time

What does Aqua Metals, Inc. do?

Who are in the management team of Aqua Metals, Inc.?

Is Aqua Metals, Inc. overvalued or undervalued?

Is Aqua Metals, Inc. technically bullish or bearish?

Compare Aqua Metals, Inc. with Similar Stocks

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Mojo Parameters

Stock DNA

Total Returns (Price + Dividend)

Risk Adjusted Returns v/s

News

Announcements

Corporate Actions

Quality key factors

Valuation key factors

Technicals key factors

Shareholding Snapshot : Sep 2025

Shareholding Compare (%holding)

Quarterly Results Snapshot (Consolidated) - Sep'25 - QoQ

Annual Results Snapshot (Consolidated) - Dec'24

About Aqua Metals, Inc.

Company Coordinates