Electra Battery Materials (ELBM) stock forecast for 2024
Last update: September 27, 2023 (15:13)
Sector: Basic materialsThe share price of Electra Battery Materials Corporation (ELBM) now
50/200 Day Moving Average: $1.042 / $1.675
This figure corresponds to the Average Price over the previous 50/200 days. For Electra Battery Materials stocks, the 50-day moving average is the resistance level today.
For Electra Battery Materials stocks, the 200-day moving average is the resistance level today.
Are you interested in Electra Battery Materials stocks and want to buy them, or are they already in your portfolio? If yes, then on this page you will find useful information about the dynamics of the Electra Battery Materials stock price in 2024. How much will one Electra Battery Materials share be worth in 2024? Is it worth taking profit / loss on Electra Battery Materials stock now or waiting? What are analysts' forecasts for Electra Battery Materials stock?
We forecast Electra Battery Materials stock performance using neural networks based on historical data on Electra Battery Materials stocks. Also, when forecasting, technical analysis tools are used, world geopolitical and news factors are taken into account. The Electra Battery Materials stock prediction results are shown below and presented as a graph, table and text information.
Electra Battery Materials stock forecasts are adjusted once a day based on the closing price of the previous trading day.
The minimum target price for Electra Battery Materials analysts is $4.5.
Today 200 Day Moving Average is the resistance level (1.675 $).
50 Day Moving Average is the resistance level (1.042 $).
Historical and forecast chart of Electra Battery Materials stock
The chart below shows the historical price of Electra Battery Materials stock and a prediction chart for the next year. For convenience, prices are divided by color. Forecast prices include: Optimistic Forecast, Pessimistic Forecast, and Weighted Average Best Forecast. Detailed values for the Electra Battery Materials stock price can be found in the table below.
Electra Battery Materials (ELBM) Forecast for 2024
| Month | Target | Pes. | Opt. | Vol., % |
|---|---|---|---|---|
| Jan | 0.68 | 0.59 | 0.75 | 21.48 % |
| Feb | 0.59 | 0.54 | 0.63 | 13.67 % |
| Mar | 0.54 | 0.50 | 0.59 | 14.74 % |
| Apr | 0.56 | 0.48 | 0.63 | 23.34 % |
| May | 0.61 | 0.53 | 0.67 | 21.07 % |
| Jun | 0.65 | 0.58 | 0.68 | 14.17 % |
| Jul | 0.76 | 0.70 | 0.86 | 19.19 % |
| Aug | 0.81 | 0.78 | 0.88 | 11.16 % |
| Sep | 0.67 | 0.64 | 0.72 | 11.48 % |
| Oct | 0.62 | 0.56 | 0.67 | 17.67 % |
| Nov | 0.62 | 0.56 | 0.69 | 19.43 % |
| Dec | 0.62 | 0.58 | 0.69 | 16.06 % |
Electra Battery Materials information and performance
Electra is building North America’s only fully integrated, localized and environmentally sustainable battery materials park. Leveraging the Company’s own mining assets and business partners, the Electra Battery Materials Park will host cobalt and nickel sulfate production plants, a large-scale lithium-ion battery recycling facility, and battery precursor materials production, which will serve both North American and global customers.
Electra also owns the advanced exploration-stage Iron Creek cobalt-copper project in Idaho, USA. Electra Battery Materials is an integral part of the North American battery supply chain, providing low-carbon, sustainable and traceable raw materials for the region’s fast growing electric vehicle industry.
133 RICHMOND STREET W, SUITE 602, BAY ADELAIDE P.O., TORONTO, ON, CA
Market capitalization of the Electra Battery Materials Corporation is the total market value of all issued shares of a company. It is calculated by the formula multiplying the number of ELBM shares in the company outstanding by the market price of one share.
EBITDA of Electra Battery Materials is earnings before interest, income tax and depreciation of assets.
P/E ratio (price to earnings) - shows the ratio between the price of a share and the company's profit
Price/earnings to growth
Dividend Per Share is a financial indicator equal to the ratio of the company's net profit available for distribution to the annual average of ordinary shares.
Dividend yield is a ratio that shows how much a company pays in dividends each year at the stock price.
EPS shows how much of the net profit is accounted for by the common share.
Trailing P/E depends on what has already been done. It uses the current share price and divides it by the total earnings per share for the last 12 months.
Forward P/E uses projections of future earnings instead of final numbers.
Enterprise Value (EV) /Revenue
The EV / EBITDA ratio shows the ratio of the cost (EV) to its profit before tax, interest and amortization (EBITDA).
Number of issued ordinary shares
Number of freely tradable shares
Shares Short Prior Month - the number of shares in short positions in the last month.
Electra Battery Materials price target for 2024 by month
Target values for the price of one Electra Battery Materials share for Jan 2024.
In Jan, the Positive dynamics for Momo shares will prevail with possible monthly volatility of 21.479% volatility is expected.
Pessimistic target level: 0.59
Optimistic target level: 0.75
Target values for the price of one Electra Battery Materials share for Feb 2024.
In Feb, the Negative dynamics for Momo shares will prevail with possible monthly volatility of 13.670% volatility is expected.
Pessimistic target level: 0.54
Optimistic target level: 0.63
Target values for the price of one Electra Battery Materials share for Mar 2024.
In Mar, the Negative dynamics for Momo shares will prevail with possible monthly volatility of 14.741% volatility is expected.
Pessimistic target level: 0.50
Optimistic target level: 0.59
Target values for the price of one Electra Battery Materials share for Apr 2024.
In Apr, the Positive dynamics for Momo shares will prevail with possible monthly volatility of 23.339% volatility is expected.
Pessimistic target level: 0.48
Optimistic target level: 0.63
Target values for the price of one Electra Battery Materials share for May 2024.
In May, the Positive dynamics for Momo shares will prevail with possible monthly volatility of 21.068% volatility is expected.
Pessimistic target level: 0.53
Optimistic target level: 0.67
Target values for the price of one Electra Battery Materials share for Jun 2024.
In Jun, the Positive dynamics for Momo shares will prevail with possible monthly volatility of 14.173% volatility is expected.
Pessimistic target level: 0.58
Optimistic target level: 0.68
Target values for the price of one Electra Battery Materials share for Jul 2024.
In Jul, the Positive dynamics for Momo shares will prevail with possible monthly volatility of 19.189% volatility is expected.
Pessimistic target level: 0.70
Optimistic target level: 0.86
Target values for the price of one Electra Battery Materials share for Aug 2024.
In Aug, the Positive dynamics for Momo shares will prevail with possible monthly volatility of 11.156% volatility is expected.
Pessimistic target level: 0.78
Optimistic target level: 0.88
Target values for the price of one Electra Battery Materials share for Sep 2024.
In Sep, the Negative dynamics for Momo shares will prevail with possible monthly volatility of 11.476% volatility is expected.
Pessimistic target level: 0.64
Optimistic target level: 0.72
Target values for the price of one Electra Battery Materials share for Oct 2024.
In Oct, the Negative dynamics for Momo shares will prevail with possible monthly volatility of 17.670% volatility is expected.
Pessimistic target level: 0.56
Optimistic target level: 0.67
Target values for the price of one Electra Battery Materials share for Nov 2024.
In Nov, the Positive dynamics for Momo shares will prevail with possible monthly volatility of 19.431% volatility is expected.
Pessimistic target level: 0.56
Optimistic target level: 0.69
Target values for the price of one Electra Battery Materials share for Dec 2024.
In Dec, the Negative dynamics for Momo shares will prevail with possible monthly volatility of 16.057% volatility is expected.
Pessimistic target level: 0.58
Optimistic target level: 0.69