Aqua Metals, Inc.
AQMSIndustrialsNASDAQWaste Management · Last scanned Oct 26, 2026
Scan Results
Daily timeframeAqua Metals, Inc. develops recycling and refining technologies for the recovery of critical minerals and metals in the United States. The $5.2M market capitalization puts AQMS squarely in micro-cap range for its industry. It engages in the development of AquaRefining process, an electro-hydrometallurgical method designed to recover high-purity materials from battery and other metal-bearing feedstocks using a closed-loop system.
Market Cap
$5.2M
Beta
0.32
P/E (TTM)
—
P/E (Fwd)
-0.92
EPS (TTM)
$-2.53
EPS (Fwd)
$-1.60
ROE
-218.4%
ROA
-92.9%
Cash
$4.7M
Total Debt
$441,000
Free CF
-$9.6M
52W Change
-81.2%
Annual Financials
Cash vs Debt
Where AQMS stands vs its 150-day and 200-day moving averages
As of the October 20, 2026 close, AQMS finished 54.88% below its 150-day moving average ($3.28) and 60.32% below its 200-day moving average ($3.73). This snapshot is end-of-day data shown with a five-trading-day delay on the free plan; Premium members see readings from the latest close.
Is AQMS overbought or oversold?
At the October 20, 2026 close, AQMS's RSI(14) was 5.7, in oversold territory (below 30). The MACD histogram was negative, so short-term momentum leaned bearish at that close. These readings are historical, refresh daily after market close, and are not investment advice.
The balance sheet looks solid with $4.7M in cash comfortably exceeding the $441K debt load. A net cash position generally provides financial flexibility during uncertain economic periods. The company is burning cash, with free cash flow at -$9.6M. This typically occurs when a company is investing aggressively in growth, but sustained cash burn can strain the balance sheet. ROE of -218.4% points to negative capital efficiency, indicating how much profit the company produces per dollar of shareholder equity. Revenue has pulled back from $4K (2022) to $0 (2025), a 100% decline worth watching.
The relatively low beta of 0.32 suggests AQMS is a less volatile holding compared to the broader index. With cash comfortably exceeding debt, AQMS has financial flexibility that may help navigate uncertain periods. Negative free cash flow means the company is currently spending more than it generates, which may require future fundraising or debt if the trend continues. It is important to consider these factors alongside broader market conditions and individual financial goals when reviewing AQMS.