--- title: "Electra Battery Materials (NASDAQ:ELBM) Releases Earnings Results, Beats Expectations By $0.07 EPS" type: "News" locale: "en" url: "https://longbridge.com/en/news/295694522.md" description: "Electra Battery Materials (NASDAQ:ELBM) reported Q3 earnings of $0.05 EPS, beating analyst estimates of -$0.02 by $0.07. Despite the positive earnings surprise, the stock fell 1.2% to $0.60 on low volume. Analysts maintain a consensus 'Hold' rating with an average price target of $2.00, though ratings vary from Buy to Sell. Institutional investors increased positions in the fourth quarter, with 32.90% of shares held by institutions." datetime: "2026-08-12T17:26:19.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/295694522.md) - [en](https://longbridge.com/en/news/295694522.md) - [zh-HK](https://longbridge.com/zh-HK/news/295694522.md) generator: "portal-rs" --- # Electra Battery Materials (NASDAQ:ELBM) Releases Earnings Results, Beats Expectations By $0.07 EPS Electra Battery Materials (NASDAQ:ELBM - Get Free Report) posted its quarterly earnings data on Wednesday. The company reported $0.05 EPS for the quarter, beating analysts' consensus estimates of ($0.02) by $0.07, Zacks reports. ## Electra Battery Materials Stock Down 1.2% ELBM traded down $0.01 during midday trading on Wednesday, hitting $0.60. The company had a trading volume of 127,491 shares, compared to its average volume of 881,286. The stock's 50 day moving average price is $0.57 and its 200 day moving average price is $0.66. Electra Battery Materials has a 52 week low of $0.49 and a 52 week high of $8.70. The company has a market capitalization of $63.85 million, a price-to-earnings ratio of -0.52 and a beta of 2.53. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 0.54. ## Analysts Set New Price Targets A number of analysts have commented on the stock. HC Wainwright reaffirmed a "buy" rating and set a $2.00 price target on shares of Electra Battery Materials in a research report on Friday, May 22nd. Zacks Research raised Electra Battery Materials to a "hold" rating in a research report on Thursday, May 21st. Wall Street Zen raised Electra Battery Materials from a "strong sell" rating to a "hold" rating in a research note on Saturday, May 16th. Raymond James Financial reaffirmed a "buy" rating on shares of Electra Battery Materials in a research note on Friday, May 22nd. Finally, Weiss Ratings downgraded Electra Battery Materials from a "sell (d-)" rating to a "sell (e+)" rating in a report on Friday, July 31st. Two analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $2.00. **View Our Latest Analysis on Electra Battery Materials** ## Institutional Trading of Electra Battery Materials Several large investors have recently made changes to their positions in ELBM. XTX Topco Ltd acquired a new position in Electra Battery Materials during the 4th quarter worth approximately $160,000. PEAK6 LLC acquired a new position in shares of Electra Battery Materials during the fourth quarter worth approximately $840,000. Jane Street Group LLC acquired a new position in shares of Electra Battery Materials during the fourth quarter worth approximately $82,000. Aristides Capital LLC bought a new position in shares of Electra Battery Materials in the 4th quarter worth $116,000. Finally, Cable Car Capital LP bought a new position in shares of Electra Battery Materials in the 2nd quarter worth $223,000. 32.90% of the stock is currently owned by institutional investors and hedge funds. ## About Electra Battery Materials (Get Free Report) Electra Battery Materials Inc is a Canada-based battery materials company focused on the sourcing, refining and recycling of critical minerals used in lithium-ion batteries. The company's core business activities include the development of hydrometallurgical processing facilities to convert raw feedstocks—such as mined ores, recycled battery black mass and industrial by-products—into battery-grade nickel, cobalt, lithium and other specialty materials. Electra's business model centers on vertically integrated operations designed to secure supply chain resilience for North American and global electric vehicle (EV) and energy storage markets. In 2022, Electra Battery Materials completed a business combination transaction and commenced trading on the NASDAQ under the ticker ELBM. ## See Also - Five stocks we like better than Electra Battery Materials - Legacy Jet Builders Stall While Embraer Accelerates to New Highs - Intel’s Rally Gave It a $20 Billion Opportunity and Now Comes the Hard Part - Visa’s AI Opportunity Is Hiding in Every Transaction - On Holding's Price Stumble May Be an Opening for a Company Built to Run *This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.* Continue following MarketBeat Add MarketBeat as your preferred source on Google to see our latest stories in your feed. Add As Preferred Source ## Should You Invest $1,000 in Electra Battery Materials Right Now? Before you consider Electra Battery Materials, you'll want to hear this. MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Electra Battery Materials wasn't on the list. While Electra Battery Materials currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys. 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