Finance

What the Insider Data Suggests About Aqua Metals, Inc. (AQMS)

Recent insider trends for Aqua Metals, Inc. (NASDAQ:AQMS) have caught the attention of investors. Insider data is useful because it can reveal what a company’s executives and largest shareholders feel about a stock. In this case, the data has some interesting things to say about how AQMS might perform in the future.

Institutions own 28.43% of Aqua Metals, Inc. (AQMS)’s shares. The total value of these holdings, in millions, is $17. Among active positions in the latest quarter, 36 holders increased their positions by a total of 1.52 million shares, 30 holders decreased the positions by a total of 2.38 million shares, and 8 holders held their positions. This works out to a net decrease in ownership of 863735 shares, and suggests that institutions are feeling bearish about the stock.

Among new and sold out positions, 11 holders initiated new positions by a total of 772179 shares and 11 holders exited their positions by a total of 320133 shares. This nets out to an increase of 452046 shares and is a bullish sign for AQMS.

In the last three months, insiders executed a total of 14 trades. 14 of these were buys. Insider ownership increased by a total of 3272 shares, which suggests that AQMS’s key executives are feeling more optimistic about the outlook for the stock. The data from the past twelve months tells a different story: insiders executed 24 buys and 17 sells, and ownership decreased by a net of 351196 shares.



Short interest, or the number of a stock’s tradable shares currently being shorted, is another metric investors use to get a pulse on sentiment. Aqua Metals, Inc. (NASDAQ:AQMS)’s short interest is 2.92 million shares, or 17.71% of the float. This represents a decrease of -4% in the number of shares being shorted compared to the previous reading, and implies that investors felt less pessimistic about the stock during the past two weeks.

In light of the insider ownership and trading data it makes sense to consider technicals to see if they come to a similar conclusion about the outlook for AQMS. A composite of 13 technical indicators that includes measures such as moving averages and momentum oscillators suggests that AQMS is a Weak buy, which implies that AQMS is expected to outperform the market based on prior trading patterns.

Conclusion




Institutional ownership trends suggest that the stock is cheap and the insider trading data indicates that insiders are bullish. Technical indicators (also) suggest that Aqua Metals, Inc. (NASDAQ:AQMS) is undervalued.

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