Lightbridge Corporation (NASDAQ:LTBR) traded at $3.01 at last check on Friday, Nov 20, making a downturn move of -3.22% on its previous day’s price.
Looking at the stock we see that its previous close was $3.11 and the beta (5Y monthly) reads 3.15 with the day’s price range being $2.8600 – 3.0700. The company has a 12-month trailing PE ratio of 0. In terms of its 52-week price range, LTBR has a high of $8.55 and a low of $1.71. The company’s stock has gained about 11.48% over that past 30 days.
On the other hand, looking at the outlook for the LTBR stock, short term indicators assign the stock an average of 50% Sell, while medium term indicators assign it an average of 100% Sell. Long term indicators on average place the stock in the category of 50% Sell.
Let’s briefly compare Lightbridge (LTBR) stock to its peers. We find that today’s price change of -3.22% and -29.28% over the past 12 months for LTBR competes that of Equinor ASA (EQNR), which has seen its stock price fall -0.13% in the latest trading session and is -21.67% over the last one year. Another of its peers Tc Energy Corp (TRP) has climbed 1.15% today, but is -16.11% down over the past year, while Evergy Inc (EVRG) is also down -3.22% yet its price remains in the red at -29.28% over the same period. Equinor has a P/E ratio of 0 compared to Lightbridge’s 0 and Tc’s 11.94. In contrast to these companies, both the S&P 500 Index and the Dow Jones Industrial are today at -0.68% and -0.75%, respectively, in early deals.
Coming back to Lightbridge Corporation (NASDAQ:LTBR), we note that the average 3-month trading volume was 287.99 Million, while that of the preceding 10-day period stands at 844.92 Million. Current shares outstanding are 5.63 Million.
According to data from Thomson Reuters, insiders hold 0.49% of the company’s shares while institutions hold 3.32%. The data shows that short shares as of October 29, 2020, stood at 77.58 Million at a short ratio of 0.21. This represents a 1.44% Short interest in Shares outstanding on October 29, 2020. Shares short rose in October from the previous month at 46.31 Million. Investors should be excited about this stock as its upside potential is great, with today’s price pushing the stock -33.11% down in year-to-date price movement.