Evolution Metals & Technologies Corp. (EMAT)
Materials · battery recycling and critical materials processing · NASDAQ
Evolution Metals & Technologies is an emerging processor and recycler of spent lithium-ion batteries and critical rare earth materials.
What Evolution Metals & Technologies Corp. does
Evolution Metals & Technologies Corp. specializes in the recycling and processing of critical materials, with a primary focus on the recovery of materials from spent lithium-ion batteries. The company is developing commercial-scale facilities to integrate these materials back into the supply chain for rare earth and battery-grade products.
Themes: circular economy, battery supply chain, EV materials, critical minerals
Fundamentals
- Price$3.36 as of 2026-08-26 close
- Market cap$2.1B as of 2026-08-26
- P/En/a earnings data not available
- ROE-86.5% as of 2026-08-27
- Debt / equity5.49 as of 2026-08-27
- Beta0.09 as of 2026-08-27
- Last reported earnings2026-05-22 SEC EDGAR Form 8-K (Item 2.02)
How EMAT compares in its sector
- return on equitybottom 10% 151 covered Materials peers, as of 2026-08-27
Position among covered Materials companies that report each metric (minimum 5 peers). A relative position within our covered catalog — not a valuation, quality, or investment judgment. A higher percentile is simply a higher value (for P/E, more expensive on earnings — never "better"). Informational only.
How Evolution Metals & Technologies Corp. looks technically
Evolution Metals & Technologies Corp. (EMAT): a strong uptrend is in place — ADX, a 0–100 trend-strength gauge, is 34, with buyers in control. Momentum is neutral — its 14-day RSI (a 0–100 momentum gauge) is 45, neither overbought (above 70) nor oversold (below 30). MACD, a trend-momentum gauge, turned bullish about 8 trading days ago (its momentum flipped positive). It made a new 20-day low about 10 trading days ago.
Trend
8
| Distance from the 200-day | not enough price history yet — needs 200 trading sessions | n/a |
|---|---|---|
| 50-day moving average | its average price over the last 50 trading days — a short-term trend line — is $4.80 | $4.80 |
| 200-day moving average | not enough price history yet — needs 200 trading sessions | n/a |
| Swing structure | each recent peak has been lower than the one before it and each dip deeper — the pattern chart-watchers call a downtrend, which describes where price has already been and not where it goes next | lower highs and lower lows |
| Last swing turn | its last significant turn was a swing low 13 calendar days ago — the swings before that are what the structure reading is measured on | 13 sessions |
| Wave structure | its recent swings can be read as a five-part downward sequence — what Elliott-wave chartists call an impulse — now in the fourth leg, a pullback against that downward direction; the labelling fails if price closes above 4.88. It is one of several labellings that fit, and it describes the swings already printed, not what comes next. The same swings also read as a completed three-part correction. | possible downward five-wave sequence, in wave 4 (one of several readings) |
| Since the 50/200 cross | not enough price history yet — needs 200 trading sessions | n/a |
| Trend strength (14-day ADX) | a strong uptrend is in place — ADX, a 0–100 trend-strength gauge, is 34, with buyers in control | 33.8 |
Momentum
3
| 14-day RSI | momentum is neutral — its 14-day RSI (a 0–100 momentum gauge) is 45, neither overbought (above 70) nor oversold (below 30) | 45.3 |
|---|---|---|
| Position in its 14-day range | it is trading around the middle of its 14-day range ($2.15 to $4.80) — its "stochastic" reading is 46 out of 100, where 0 would mean closing exactly at the 14-session low and 100 exactly at the high. This measures WHERE the price sits inside its recent range, which is a different question from the RSI beside it: RSI is a momentum gauge, measuring how FAST the price has been moving, so a stock can drift quietly to the bottom of its range with an ordinary RSI, or fall sharply and still sit in the middle. It has been slipping within that range over the last few sessions. | 45.7 |
| Since the MACD crossed zero | MACD, a trend-momentum gauge, turned bullish about 8 trading days ago (its momentum flipped positive) | 8 sessions |
Range
12
| 52-week high | its highest closing price over the past year (about 252 trading days) was $7.59 | $7.59 |
|---|---|---|
| From the 52-week high | it is 55.8% below its 52-week high (its highest price of the past year) | -55.8% |
| Above the 52-week low | it is 56.3% above its 52-week low (its lowest price of the past year) | +56.3% |
| Below the 52-week high | it is 55.8% below its highest point of the past year | 55.8% |
| Since a 20-day breakout | it made a new 20-day low about 10 trading days ago | 10 sessions |
| Since a 55-day breakout | not current — this company's price series (ends 2026-07-27) is 22 trading sessions behind the rest of the catalog | n/a |
| All-time high | its highest closing price on record is $7.59 (set on 2026-06-18) | $7.59 |
| Given back of the 52-week move | not available for this company yet | n/a |
| From the all-time high | it is 55.8% below its all-time high | -55.8% |
| Nearest price level | not enough price history yet — needs 252 trading sessions | n/a |
| All-time low | its lowest closing price on record is $2.15 (set on 2026-08-13) | $2.15 |
| Above the all-time low | it is 56.3% above its all-time low | +56.3% |
Volatility
4
| Band width vs its own 6 months | not current — this company's price series (ends 2026-07-27) is 22 trading sessions behind the rest of the catalog | n/a |
|---|---|---|
| Typical daily range | in a typical session it travels about $0.6181 between its high and its low — about 18.4% of its price. That is its "average true range" over the last 14 sessions, which also counts the distance from the previous close, so a day that opens well away from yesterday counts as the large move it was | $0.6181 |
| Bollinger bands (20-day, ±2σ) | most of its recent trading has stayed between about $1.86 and $4.35 — the "Bollinger bands", a range drawn two standard deviations either side of its 20-day average price, which widens when the stock gets more volatile and narrows when it settles | $1.86 – $3.11 – $4.35 |
| Typical daily range (% of price) | its price moves about 18.4% in a typical session — among the most volatile in the catalog. This is the average gap between a session's high and low over the last 14 sessions, counting overnight moves, expressed against the current price so it can be compared with companies trading at any price | 18.4% |
Volume
1
| Volume vs its 30-day average | trading volume is about normal versus its 30-day average | 1.76× |
|---|
Analyst
2
| Change in the average price target | analysts' average price target is unchanged from the prior reading | 0.0% |
|---|---|---|
| Change in the consensus rating | not available for this company yet | n/a |
Candlestick patterns
2
| Since a hammer | 9 sessions ago, after a stretch of decline, it sold off hard during the session and then closed back near its high — a "hammer", the long lower wick showing the drop was bought back before the close | 9 sessions ago |
|---|---|---|
| Since a bullish engulfing | 4 sessions ago it opened below the previous session's close and finished above that session's open — a "bullish engulfing" pair, where one up day more than undid the down day before it | 4 sessions ago |
Price gaps
3
| Gap at the open | it opened on 2026-08-26 1.5% below the previous session's close — an overnight gap, the part of the move that happened while the market was shut, and traded back through that level before the close | -1.5% |
|---|---|---|
| Open gap | it gapped 2.6% below the previous close 1 session ago and has not traded back through the level it left behind at 4.21 — an "unfilled gap", which describes a price range no trade has since crossed and is not a forecast that it will be crossed | -2.6% |
| Gap filled | a 3.5% gap up opened on 2026-08-24 has been "filled" 2 sessions ago — price traded back through the level the gap left behind, and it closed again during the very session that opened it | 2 sessions ago |
Price streaks
1
| Closing streak | it has closed lower 2 sessions in a row, a -20.19% move over the run — an unbroken run of down days, which describes what has already happened and says nothing about the next session | 2 sessions down |
|---|
Relative strength
4
| vs market, 1 month | over the past 1 month this stock lagged the market by 37.4 percentage points (the stock lost 33.7% while the market gained 3.7%) | -37.4% |
|---|---|---|
| vs market, 3 months | not available for this company yet | n/a |
| vs market, 6 months | not available for this company yet | n/a |
| vs market, 12 months | not available for this company yet | n/a |
Signal agreement
2
| Bullish technical signals | 2 of the 5 technical signals we can compute for it are currently in a bullish state: a strong uptrend, with buyers in control, MACD momentum is positive — these describe past price behaviour, not a forecast | 2 of 5 |
|---|---|---|
| Bearish technical signals | 0 of the 5 technical signals we can compute for it are currently in a bearish state — these describe past price behaviour, not a forecast | 0 of 5 |
Volume-weighted price
1
| Vs this year’s average price paid | the price is 9% below the average price paid since 2026-06-09, so the typical buyer over that stretch is under water. That average is $3.70 — a volume-weighted average of daily closes over 55 sessions, not a true tick-by-tick VWAP. | -9.2% |
|---|
Wave structure
Its recent swings can be read as a five-part downward sequence — what Elliott-wave chartists call an impulse — now in leg 4 of five, a pullback against that direction.
This labelling fails — stops being a possible reading at all — if it closes above $4.88.
This is one of several labellings that fit the same swings, so treat it as a reading rather than the reading. It was chosen from 2 labellings that survived the rules, counting shorter readings of the same bars.
On past moves of this shape the leg has usually ended somewhere between $3.01 and $3.96 — that is where it has tended to end if the count holds, not a forecast of where the price goes.
Alternate reading: The same swings also read as a completed three-part correction, which fails on a close below $2.15.
This reading has stood for 5 trading days, since 2026-08-20.
Read from daily closes as of 2026-08-26.
An Elliott-wave count describes the swings already printed and the level that would disprove it. It is not a forecast, a target, or advice.
Screens: in a strong, established uptrend (ADX) · Most volatile (6%+ typical daily range) · Elliott wave 4 pullbacks | Learn: adx · rsi · macd · breakout
Based on daily closing prices as of 2026-08-26. Describes past price behavior only — informational, not financial advice.
Analyst consensus
- Mean price target$12.00 range $12.00 – $12.00
Analyst estimates, as of 2026-08-19. These are third-party analyst opinions and price targets, aggregated — not a recommendation, prediction, or advice from stocks-llm. Informational only.
Key risks (from latest filing)
["Dependence on sourcing sufficient volumes of spent lithium-ion batteries and maintaining feedstock supply chains.","Risks related to scaling manufacturing capacity and achieving full-scale commercial operations at recycling facilities.","Exposure to fluctuations in global commodity prices for rare earth and battery materials."]
What changed in the latest 10-Q
AI-assisted comparison of EMAT's 10-Q filed 2026-05-22 against the prior one filed 2025-11-18.
Management's Discussion & Analysis (MD&A)
- Added:
- Added Business Overview section detailing EM&T's role as fully integrated critical materials and technology company focused on U.S.-aligned CMM supply chain (newer filing, 2026-05-22)
- Added description of nine operating segments: feedstock processing, oxide production, metal and alloy manufacturing, powder production, bonded and sintered rare earth magnets, battery-grade sulfates and carbonates, pCAM, precious metals, and base metals (newer filing, 2026-05-22)
- Added description of advanced recycling processes, proprietary automation, and AI-enabled systems (newer filing, 2026-05-22)
- Added detailed Recent Developments section describing the Business Combination closing on January 5, 2026 (newer filing, 2026-05-22)
- Added description of the Merger Agreement and its six amendments with specific dates (newer filing, 2026-05-22)
- Added description of Step 7 Merger Agreement involving NewCo, Inc. and William David Wilcox Jr. (newer filing, 2026-05-22)
- Added reference to 'Precedent Transaction Agreements' section header (newer filing, 2026-05-22)
- Added statement that EM&T owns and operates across midstream to downstream segments (newer filing, 2026-05-22)
- Added description of outputs integrating into supply chains of gigafactories, defense suppliers, OEMs, automotive manufacturers, and refineries (newer filing, 2026-05-22)
- Removed:
- Removed reference to 'Welsbach Technology Metals Acquisition Corporation' as primary company name (older filing, 2025-11-18)
- Removed references to 'Sponsor' and 'Welsbach Acquisition Holdings LLC' (older filing, 2025-11-18)
- Removed reference to 'MergerSub' as 'WTMA Merger Subsidiary Corp., a Delaware corporation' (older filing, 2025-11-18)
- Removed general discussion placeholder text about financial condition and results of operations boilerplate (older filing, 2025-11-18)
- Removed partial forward-looking statements section referencing 'Cautionary Note Regarding Forward-Looking Statements' without completion (older filing, 2025-11-18)
- Reworded:
- Changed company identifier from 'Welsbach Technology Metals Acquisition Corporation' to 'Evolution Metals & Technologies Corp.' (EM&T) (newer filing, 2026-05-22)
- Changed merger subsidiary description from 'WTMA Merger Subsidiary Corp., a Delaware corporation' to 'WTMA Merger Subsidiary LLC, a Delaware limited liability company' (newer filing, 2026-05-22)
- Changed reporting period reference from unspecified to 'three months ended March 31, 2026 and 2025' (newer filing, 2026-05-22)
- Expanded forward-looking statements disclaimer to specifically reference Risk Factors section and provide more detailed risk language (newer filing, 2026-05-22)
- Changed explanation of urban mining from general concept to specific examples: batteries, electronic devices, motors, and magnets (newer filing, 2026-05-22)
- Notes:
- The older filing text appears truncated/incomplete at the end of the Cautionary Note section, limiting full comparison of forward-looking statements language
- The newer filing contains substantially more detailed business operations information compared to the older filing, which was primarily a SPAC shell company filing
Risk Factors
The two filings could not be meaningfully compared for this section.
AI-assisted comparison of two SEC filing sections. It describes wording and theme changes only, makes no materiality, legal, or investment judgement, and is not financial advice. Informational only — not financial advice.
Insider activity (SEC Form 4)
No open-market insider purchases or sales recorded in the last 90 days.
Most recent open-market transaction: 2026-01-13. As of 2026-08-27.
View full insider trading history → View SEC Form 3/4/5 filingsAsk about EMAT's insider activity →
Only open-market purchases (SEC code P) and sales (code S) are counted here. Option exercises, vesting/awards, gifts, and shares withheld for taxes are excluded — they are compensation or mechanical, not open-market conviction. Sales may be planned and non-discretionary (e.g. a Rule 10b5-1 plan) and are not necessarily bearish; open-market buying is not a recommendation to buy. Informational only — not financial advice.
Institutional ownership (13F)
1 institutional 13F filer reported holding EMAT as of 2026-03-31 (quarter-end position, filed within 45 days).
- Distinct 13F filers 1
- Reported shares held 9,827
- Reported value $74,587
Institutional holdings are quarter-end long positions reported on SEC Form 13F-HR, filed up to 45 days after the quarter ends — they are delayed, are not real-time trades, exclude short positions and most non-US securities, and are not investment advice. Any increase/decrease is a reported change between two quarterly snapshots, not a same-day purchase or sale. These are quarter-end snapshots from the 13F filings on SEC EDGAR, filed within 45 days — not real-time, and any change is a difference between two quarterly reports, not a same-day trade. Informational only — not financial advice.
Short interest (FINRA)
EMAT had 349,505 shares of reported short interest as of the 2026-07-31 FINRA settlement date (delayed, bi-monthly; not real-time).
EMAT had 0.06% of its shares outstanding sold short as of the 2026-07-31 FINRA settlement date (percent of FLOAT would be higher — float is not disclosed in the source). FINRA reported 3.92 days to cover at the same settlement.
- Reported short interest (shares) 349,505
- Short interest (% of shares outstanding) 0.06%
- Prior settlement (shares) 437,019
- Reported change -20.03%
- Days to cover (reported) 3.92
Reported to FINRA as of the 2026-07-31 settlement date. Short interest is reported to FINRA and published on a delayed, bi-monthly schedule (as of a settlement date, disseminated roughly eight business days later) — it is NOT real-time, does not cover every venue or all US trading, and is not a short-squeeze prediction or investment advice. Days-to-cover is the value FINRA reports; percent of float is not shown because the source file carries no share-count denominator — where a percent appears it is of shares OUTSTANDING, the larger base, and is therefore a floor on percent of float. Informational only — not financial advice.
Evolution Metals & Technologies Corp. is found in…
Frequently asked questions
What does Evolution Metals & Technologies Corp. (EMAT) do?
Evolution Metals & Technologies Corp. specializes in the recycling and processing of critical materials, with a primary focus on the recovery of materials from spent lithium-ion batteries. The company is developing commercial-scale facilities to integrate these materials back into the supply chain for rare earth and battery-grade products.
What sector is Evolution Metals & Technologies Corp. (EMAT) in?
Evolution Metals & Technologies Corp. (EMAT) is classified in the Materials sector. Its industry is battery recycling and critical materials processing. It trades on NASDAQ.
Is Evolution Metals & Technologies Corp. (EMAT) overbought or oversold right now?
Evolution Metals & Technologies Corp. (EMAT) is currently neither overbought nor oversold — its 14-day RSI (a 0–100 momentum gauge) is 45, in the neutral middle (as of 2026-08-26). RSI describes recent price momentum, not a forecast — informational only, not financial advice.
Where does stocks-llm's data on EMAT come from?
Fundamentals and prices come from market data, as of 2026-08-27; company filings and profile facts come from SEC EDGAR. All figures are delayed daily-close data shown with their as-of date — informational only, not financial advice.
Fundamentals: market data, as of 2026-08-27. Filings: SEC EDGAR. Prices are delayed daily-close data.
Last updated 2026-08-26.
Informational only — NOT financial advice. All figures are delayed daily-close data from SEC EDGAR & market data, shown with their as-of date.