Lightbridge Corp (NASDAQ:LTBR) price on Friday, November 15, fall -11.60% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $6.48.
A look at the stock’s price movement, the close in the last trading session was $7.33, moving within a range at $6.31 and $7.25. The beta value (5-Year monthly) was 2.228. Turning to its 52-week performance, $14.20 and $2.21 were the 52-week high and 52-week low respectively. Overall, LTBR moved 45.62% over the past month.
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Lightbridge Corp’s market cap currently stands at around $102.17 million, with investors looking forward to this quarter’s earnings report slated for in December.
Turning to the stock’s technical picture we see that short term indicators suggest on average that LTBR is a 50% Buy. On the other hand, the stock is on average a 100% Buy as suggested by medium term indicators while long term indicators are putting the stock in 100% Buy category.
LTBR’s current price about -21.76% and 25.54% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 47.03, while 7-day volatility ratio is 15.92% and 25.77% in the 30-day chart. Further, Lightbridge Corp (LTBR) has a beta value of 2.22, and an average true range (ATR) of 1.48.
If we refocus on Lightbridge Corp (NASDAQ:LTBR), historical trading data shows that trading volumes averaged 1.97 over the past 10 days and 1.45 million over the past 3 months. The company’s latest data on shares outstanding shows there are 13.70 million shares.
The 13.52% of Lightbridge Corp’s shares are in the hands of company insiders while institutional holders own 9.45% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 1.31 million on 2024-10-31, giving us a short ratio of 0.45. The data shows that as of 2024-10-31 short interest in Lightbridge Corp (LTBR) stood at 947.99995 of shares outstanding, with shares short rising to 0.13 million registered in 2024-09-30. Current price change has pushed the stock 101.87% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the LTBR stock continues to rise going into the next quarter.
