Critical Metals (NASDAQ:CRML) Shares Gap Down – Time to Sell?

Critical Metals Corp. (NASDAQ:CRML)’s stock price gapped down before the market opened on Tuesday . The stock had previously closed at $7.21, but opened at $6.87. Critical Metals shares last traded at $7.2830, with a volume of 1,780,985 shares changing hands.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on CRML shares. Weiss Ratings cut shares of Critical Metals from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Tuesday, July 21st. Cantor Fitzgerald assumed coverage on shares of Critical Metals in a report on Tuesday, July 14th. They issued a “speculative buy” rating and a $18.00 target price for the company. Finally, Freedom Capital downgraded shares of Critical Metals from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 11th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $18.00.

Critical Metals Stock Performance

The firm has a fifty day moving average price of $7.30 and a two-hundred day moving average price of $9.11.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of CRML. AQR Capital Management LLC purchased a new position in shares of Critical Metals in the first quarter worth approximately $69,000. Rhumbline Advisers increased its stake in shares of Critical Metals by 582.5% in the 1st quarter. Rhumbline Advisers now owns 43,047 shares of the company’s stock worth $60,000 after purchasing an additional 36,740 shares in the last quarter. Geode Capital Management LLC raised its holdings in Critical Metals by 272.6% in the 2nd quarter. Geode Capital Management LLC now owns 455,006 shares of the company’s stock worth $1,629,000 after purchasing an additional 332,878 shares during the period. JPMorgan Chase & Co. lifted its position in Critical Metals by 142.6% during the second quarter. JPMorgan Chase & Co. now owns 33,039 shares of the company’s stock valued at $118,000 after purchasing an additional 19,418 shares in the last quarter. Finally, Cerity Partners LLC purchased a new position in Critical Metals during the second quarter valued at $226,000. 86.44% of the stock is owned by hedge funds and other institutional investors.

Critical Metals Company Profile

Critical Metals Corp. engages in the mining, exploration, and development of lithium metals. It owns Wolfsberg Project and Tanbreez Project. The company was founded on October 24, 2022 and is headquartered in British Virgin Islands.