Lightbridge (NASDAQ:LTBR) Shares Cross Below 200 Day Moving Average – Time to Sell?

by · The Markets Daily

Shares of Lightbridge Corporation (NASDAQ:LTBRGet Free Report) crossed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $16.80 and traded as low as $12.73. Lightbridge shares last traded at $12.74, with a volume of 932,210 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Lightbridge in a research report on Wednesday, October 8th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Lightbridge has an average rating of “Sell”.

Get Our Latest Stock Analysis on Lightbridge

Lightbridge Trading Down 0.8%

The company has a 50-day moving average of $17.65 and a 200-day moving average of $16.77. The company has a market capitalization of $412.19 million, a price-to-earnings ratio of -15.80 and a beta of 1.85.

Lightbridge (NASDAQ:LTBRGet Free Report) last issued its quarterly earnings results on Wednesday, November 5th. The energy company reported ($0.16) earnings per share for the quarter.

Insider Activity at Lightbridge

In other Lightbridge news, Director Jesse L. Funches sold 1,448 shares of the firm’s stock in a transaction on Tuesday, October 7th. The shares were sold at an average price of $22.67, for a total value of $32,826.16. Following the completion of the transaction, the director owned 64,840 shares of the company’s stock, valued at approximately $1,469,922.80. This trade represents a 2.18% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Andrey Mushakov sold 25,093 shares of Lightbridge stock in a transaction on Friday, October 10th. The stock was sold at an average price of $25.06, for a total transaction of $628,830.58. Following the sale, the executive vice president owned 395,699 shares of the company’s stock, valued at $9,916,216.94. The trade was a 5.96% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 92,195 shares of company stock valued at $2,411,535 over the last 90 days. Company insiders own 6.50% of the company’s stock.

Institutional Trading of Lightbridge

Institutional investors and hedge funds have recently bought and sold shares of the business. Ameritas Investment Partners Inc. acquired a new stake in shares of Lightbridge in the second quarter worth $26,000. Legal & General Group Plc acquired a new position in Lightbridge during the second quarter valued at $28,000. SBI Securities Co. Ltd. boosted its holdings in Lightbridge by 60.0% in the second quarter. SBI Securities Co. Ltd. now owns 3,071 shares of the energy company’s stock valued at $41,000 after purchasing an additional 1,152 shares during the last quarter. Advisory Services Network LLC acquired a new stake in Lightbridge during the 3rd quarter worth about $50,000. Finally, Caitong International Asset Management Co. Ltd raised its stake in shares of Lightbridge by 853.3% during the 2nd quarter. Caitong International Asset Management Co. Ltd now owns 3,918 shares of the energy company’s stock valued at $52,000 after buying an additional 3,507 shares during the last quarter. 9.14% of the stock is currently owned by institutional investors and hedge funds.

Lightbridge Company Profile

(Get Free Report)

Lightbridge Corporation is a nuclear energy technology company focused on developing advanced nuclear fuel designs to enhance the safety, efficiency and economic performance of existing and new nuclear power reactors. The company’s core technology centers on a patented metallic fuel system that replaces conventional uranium oxide fuel pellets with a uranium-zirconium alloy, configured in a helical rod design. This proprietary fuel form is intended to enable higher burnup rates, reduced fuel cycle costs and improved thermal conductivity, thereby addressing key challenges in the global nuclear industry.

Since its inception, Lightbridge has conducted extensive research and development in collaboration with national laboratories, regulatory agencies and reactor operators.

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