Research Analysts Issue Forecasts for ELBM FY2026 Earnings

Electra Battery Materials Corporation (NASDAQ:ELBM) – Equities researchers at HC Wainwright issued their FY2026 earnings per share (EPS) estimates for shares of Electra Battery Materials in a report released on Thursday, May 21st. HC Wainwright analyst H. Ihle anticipates that the company will post earnings per share of $0.14 for the year.

Separately, Wall Street Zen upgraded Electra Battery Materials from a “strong sell” rating to a “hold” rating in a research report on Saturday, May 16th. One research analyst has rated the stock with a Buy rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $2.10.

Electra Battery Materials Trading Up 1.1%

Shares of ELBM opened at $0.61 on Friday. The firm has a market cap of $64.22 million, a P/E ratio of -0.53 and a beta of 2.51. Electra Battery Materials has a fifty-two week low of $0.50 and a fifty-two week high of $8.70. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.75 and a current ratio of 0.75. The business has a 50-day moving average of $0.61 and a 200 day moving average of $0.81.

Electra Battery Materials (NASDAQ:ELBM) last announced its quarterly earnings data on Thursday, May 14th. The company reported $0.12 earnings per share for the quarter.

Hedge Funds Weigh In On Electra Battery Materials

Hedge funds have recently made changes to their positions in the stock. Ground Swell Capital LLC purchased a new position in shares of Electra Battery Materials in the first quarter valued at $27,000. Jane Street Group LLC purchased a new position in shares of Electra Battery Materials in the fourth quarter valued at $82,000. Aristides Capital LLC purchased a new position in shares of Electra Battery Materials in the fourth quarter valued at $116,000. Rathbones Group PLC grew its position in Electra Battery Materials by 33.3% during the third quarter. Rathbones Group PLC now owns 100,171 shares of the company’s stock worth $121,000 after buying an additional 25,000 shares in the last quarter. Finally, XTX Topco Ltd purchased a new position in Electra Battery Materials during the fourth quarter worth about $160,000. 32.90% of the stock is currently owned by hedge funds and other institutional investors.

Electra Battery Materials Company Profile

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.