Evolution Metals & Technologies Corp. (EMAT) Stock Price & Analysis
Evolution Metals & Technologies Corp. (EMAT) closed at USD 2.18 on Monday, November 9, 2026, up 11.22% on the day. The US market is currently closed (pre-market); this is not a live price.
The prior close was USD 1.96; the Nov 9, 2026 session ranged USD 1.99–2.4 on volume of 1,045,769 shares. Market capitalization is $1.37B, with a 52-week range of USD 1.28–24.09 (NGM). Source: Nexqual, retrieved November 10, 2026 at 12:03 UTC.
Also available as compact Markdown for AI agents: nexqual.com/EMAT.md
Key facts (EMAT)
- Analysts: Buy (mean 2.00 on a 1–5 scale) (2 analysts), mean target USD 8.25 (range 4.5–12).
- Total return with dividends: 1Y -88.5% vs S&P 500 +11.7%; 5Y -86.7% vs S&P 500 +72.2%.
- Dividend: EMAT paid no cash dividend in the last five years.
- Short interest: 4.67% of float (as of 2026-10-15), 2.1 days to cover.
Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters) (EMAT)
| USD | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|
| Operating income | — | -$2.2M | -$1.6M | -$2.0M | -$28.7M |
| Net income | -$2.4M | -$54K | -$900K | -$1.8M | -$453M |
| Cash + short-term investments | $310K | $7K | $1K | $4K | — |
Fiscal years end Dec. EPS is split-adjusted.
Valuation (price ÷ last four quarters, through Jun 30, 2026) (EMAT)
Earnings yield -33.13% · Net cash $1.7M · EV $1.37B
Analysts (EMAT)
Consensus Buy (mean 2.00 on a 1–5 scale), 2 analysts; mean target USD 8.25 (low 4.5, high 12).
Total return (dividends reinvested) (EMAT)
| 1Y (from 2026-01-07) | 5Y (from 2026-01-05) | |
|---|---|---|
| Total return | -88.5% | -86.7% |
| S&P 500 (SPY) | +11.7% | +72.2% |
| Per year | — | — |
| Volatility (annualized) | 140.6% | 150.5% |
| Max drawdown | -92.9% (Jan 2026→Oct 2026) | -91.3% (Jan 2026→Oct 2026) |
Dividends (EMAT)
EMAT paid no cash dividend in the last five years.
Short interest (EMAT)
3,918,564 shares sold short, 4.67% of the float, as of Oct 15, 2026 (exchange short-interest report, published about twice a month). Prior report (Sep 15, 2026): 1,436,796 shares (+172.7%). Days to cover: 2.1 (short shares ÷ average daily volume).
EMAT earnings history and stock reaction
| Results filed | Quarter | EPS | Consensus | Surprise | Stock reaction |
|---|---|---|---|---|---|
| — | Quarter ended Jun 30, 2026 | −$0.02 | −$0.03 | Beat +$0.01 | — |
EPS as reported against the analyst consensus before the release; surprise uses the cent-rounded figures shown (in dollars when EPS and consensus have opposite signs). Stock reaction = close before the results to close after (the first close following a release after the bell or before the open).
EMAT recent SEC filings (last 120 days)
| Filed | Form | What it says |
|---|---|---|
| Oct 29, 2026 | 8-K | Regulation FD disclosure |
| Oct 29, 2026 | 8-K | Regulation FD disclosure |
| Oct 28, 2026 | 8-K | Regulation FD disclosure |
| Oct 15, 2026 | 8-K | Regulation FD disclosure |
| Oct 14, 2026 | 8-K | Regulation FD disclosure |
| Oct 9, 2026 | 8-K | Regulation FD disclosure |
| Oct 6, 2026 | 8-K | Regulation FD disclosure |
| Oct 5, 2026 | S-1 | Registration of new shares |
| Oct 5, 2026 | 8-K | Regulation FD disclosure |
| Oct 1, 2026 | 8-K | Regulation FD disclosure |
| Sep 24, 2026 | S-1/A | Registration of new shares |
| Sep 21, 2026 | 8-K | Regulation FD disclosure |
| Sep 18, 2026 | 8-K | Entered a material agreement; New debt or off-balance-sheet obligation; Unregistered sale of shares “Securities Purchase Agreement and Convertible Debentures On September 17, 2026, Evolution Metals & Technologies Corp. ("EMAT" or the "Company") entered into a Securities Purchase Agreement (the "Securities Purchase Agreement") with YA II PN, LTD. ("Yorkville"), a fund managed by Yorkville Advisors Global, LP, pursuant to which the Company agreed to issue and sell to Yorkville convertible debentures in the aggregate principal amount of $30,927,835 (the "Convertible Debentures" and each a "Convertible Debenture"),…” |
| Sep 10, 2026 | 8-K | Regulation FD disclosure |
Source: SEC EDGAR. Quotes are the opening words of each item as filed; each form links to the filing. Insider Form 4 filings are listed in the insider sections.
EMAT revenue by product line (quarter ended Jun 30, 2026)
| Line | Revenue | Share of total | YoY |
|---|---|---|---|
| Korean Domestic Sales | $1.6M | 97.0% | — |
| Export Sales | $49,000 | 3.0% | — |
| Total revenue | $1.6M | 100% | — |
As tagged by the company in its SEC 10-Q / 10-K filings (XBRL).
EMAT customer concentration
In the six months ended Jun 30, 2026, a single direct customer accounted for 19% of EMAT's revenue. The company does not name this customer in the filing. Source: the company's 10-Q filed Aug 17, 2026.
EMAT company outlook (results filed May 22, 2026)
- “The Company expects to announce additional commercial and strategic milestones in the coming quarters as these workstreams mature. ● Began Trading on Nasdaq; a strategic foundation for capital formation and commercial scaling: On January 6, 2026, EM&T began trading on Nasdaq Global Market under the ticker “EMAT”.”
- “Upon commissioning, the Company expects this expansion to increase its annual rare earth magnet production capacity to approximately 10,000 metric tons, including approximately 6,000 metric tons of high-performance sintered magnets.”
- “On February 2, 2026, the Export-Import Bank of the United States, in coordination with the White House, announced Project Vault , the U.S.”
Quoted word-for-word from the SEC 8-K results press release.
EMAT analyst estimates and revisions
| Period | EPS estimate | 90 days ago | Change | Revenue estimate | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends Sep 2026) | $-0.02 | $-0.03 | +$0.01 | $2.1M | 1 |
| Next quarter (ends Dec 2026) | $-0.03 | $-0.03 | $0.00 | $4.8M | 1 |
| Current fiscal year (ends Dec 2026) | $-0.40 | $0.00 | −$0.40 | $10.4M | 1 |
| Next fiscal year (ends Dec 2027) | $0.05 | $0.00 | +$0.05 | $405.0M | 1 |
Key Statistics (as of November 10, 2026 at 12:03 UTC)
| Price | USD 2.18 |
|---|---|
| Change | ▲ 11.22% (up) |
| Previous Close | USD 1.96 |
| Open | USD 1.99 |
| Day Range | USD 1.99 – 2.4 |
| 52-Week Range | USD 1.28 – 24.09 |
| Volume | 1,045,769 shares |
| Market Cap | $1.37B |
| Exchange | NGM |
Technical Analysis (EMAT)
Nexqual's technical model rates EMAT "SELL" based on 2 bullish and 4 bearish signals across 127 daily candles, as of November 10, 2026 at 12:03 UTC.
| Overall Signal | SELL |
|---|---|
| RSI (14) | 54.6 (neutral) |
| vs SMA50 | Below (USD 2.41) |
| MACD | -0.1 (negative) |
Analyst Ratings (EMAT)
Wall Street analysts rate EMAT "Buy" based on 2 analysts, with a mean price target of USD 8.25 (range USD 4.5–12), per Nexqual as of November 10, 2026 at 12:03 UTC.
| Consensus Rating | Buy |
|---|---|
| Analyst Count | 2 |
| Mean Target | USD 8.25 |
| High Target | USD 12 |
| Low Target | USD 4.5 |
| Buy / Hold / Sell | 2 / 0 / 0 |
Earnings (EMAT)
| Revenue Estimate | $2.10M |
|---|
Recent Earnings History
| Quarter | Actual vs Estimate |
|---|---|
| 2026-06-30 | USD -0.02 vs est -0.03 ▲ beat |
Source: Nexqual, November 10, 2026 at 12:03 UTC.
Financials & Fundamentals (EMAT)
| Total Revenue | $3.52M |
|---|---|
| Gross Margin | +9.36% |
| Operating Margin | -744.93% |
| Profit Margin | +0.00% |
| Current Ratio | 0.16 |
| Total Cash | $5.25M |
| Total Debt | $27.55M |
Source: Nexqual, November 10, 2026 at 12:03 UTC.
Financial Health Score (EMAT)
Nexqual rates Evolution Metals & Technologies Corp.'s overall financial health "Weak" across five dimensions, as of November 10, 2026 at 12:03 UTC.
| Growth | Mixed — No data |
|---|---|
| Profitability | Critical — Heavily loss-making — early-stage company |
| Balance Sheet | Mixed — $5M cash and investments vs $4M debt (Jun 2026, SEC), net cash |
| Cash Flow | Weak — Operating cash flow -$1M (FY ended Dec 2025, 10-K) |
| Efficiency | Critical — ROE not meaningful (negative equity); ROA -476.4% (last 4 quarters, SEC) |
Ownership (EMAT)
| Insider Ownership | +86.38% |
|---|---|
| Institutional Ownership | +2.29% |
| Shares Outstanding | 627.20M |
| Float | 80.01M |
| Short % of Float | +4.67% |
Source: Nexqual, November 10, 2026 at 12:03 UTC.
Leadership (EMAT)
Evolution Metals & Technologies Corp. is led by Suk Jin Moon, Chief Executive Officer, per Nexqual as of November 10, 2026 at 12:03 UTC.
| Chief Executive Officer | Suk Jin Moon |
|---|---|
| Executive Chairman | William David Wilcox |
| President | Andrew F. Knaggs |
| CFO & COO | Christopher Joseph Clower |
| Chief Marketing Officer | Dean L. Evans |
Major Backers & Investors (EMAT)
Notable institutional backers of Evolution Metals & Technologies Corp. include Osaic Holdings Inc., Robertson Stephens Wealth Management, LLC, Fidelity, according to Nexqual as of November 10, 2026 at 12:03 UTC.
Active Investors
| Investor | Stake |
|---|---|
| Osaic Holdings Inc. | 1.21% |
| Robertson Stephens Wealth Management, LLC | 0.47% |
| Fidelity | 0.19% |
Index Funds (Passive)
| Fund | Stake |
|---|---|
| Geode Capital | 0.21% |
Source: Nexqual, November 10, 2026 at 12:03 UTC.
From Evolution Metals & Technologies Corp.'s Latest SEC 10-K Filing (filed 2026-02-20)
Key Strengths & Strategy (as disclosed to the SEC)
- The team's educational backgrounds include leading academic institutions in the Republic of Korea, and their professional experience includes prior roles at global industrial and technology companies, including LG, Samsung, Apple, ASM, Santoku, Magnequench, and Neo Performance Materials.
Partnerships
- WTMA Merger Subsidiary LLC, a wholly owned subsidiary of Welsbach Technology Metals Acquisition Corp. ("WTMA"), merged with and into EM pursuant to the Amended and Restated Agreement and Plan of Merger, with EM surviving as a wholly owned subsidiary of WTMA (the "Merger").
Source: SEC EDGAR 10-K, official filing. Curated by Nexqual.
Peers & Related Stocks
| Symbol | Name | Price | Change |
|---|---|---|---|
| ALM | Almonty Industries Inc. | USD 8.78 | ▲ 8.07% |
| NEXA | Nexa Resources S.A. | USD 12.04 | ▲ 5.61% |
| SSMR | Sunshine Silver Mining & Refini | USD 14.8 | ▲ 11.53% |
| USAR | USA Rare Earth, Inc. | USD 8.76 | ▲ 6.5% |
| SKE | Skeena Resources Limited | USD 32.71 | ▲ 5.75% |
| MTRN | Materion Corporation | USD 202.14 | ▲ 8.61% |
Data source: Nexqual — market data, technical indicators, analyst consensus, earnings, SEC EDGAR filings. Last updated: November 10, 2026 at 12:03 UTC. This page is informational and not investment advice.
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