The trading price of Lightbridge Corp (NASDAQ:LTBR) closed higher on Tuesday, March 04, and closing at $10.87, 13.64% higher than its previous close.
In examining the 52-week price action we see that the stock hit a 52-week high of $16.90 and a 52-week low of $2.21. Over the past month, the stock has gained 20.11% in value.
Lightbridge Corp, whose market valuation is $171.39 million at the time of this writing, is expected to release its quarterly earnings report in April. Investors’ optimism about the company’s current quarter earnings report is understandable. Analysts have predicted the quarterly earnings per share to grow by 0 per share this quarter, however they have predicted annual earnings per share of 0 for current year and 0 for next year.
On the technical side, indicators suggest LTBR has a 50% Buy on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 100% Buy, while an average of long term indicators suggests that the stock is currently 100% Buy.
A quick review shows that LTBR’s price is currently -3.91% off the SMA20 and 32.14% off the SMA50. The RSI metric on the 14-day chart is currently showing 53.00, and weekly volatility stands at 21.09%. When measured over the past 30 days, the indicator reaches 19.84%. Lightbridge Corp (NASDAQ:LTBR)’s beta value is currently sitting at 2.05, while the Average True Range indicator is currently displaying 1.89.
To see how Lightbridge Corp stock has been performing in comparison to its peers in the industry, here are the numbers: LTBR stock’s performance was 13.64% in the latest trading, and 284.10% in the past year.
An evaluation of the daily trading volume of Lightbridge Corp (NASDAQ:LTBR) indicates that the 3-month average is 2.50 million.
Currently, records show that 18.78 million of the company’s shares remain outstanding. The insiders hold 5.77% of outstanding shares, whereas institutions hold 22.02%. However, since the stock’s price has seen 129.81% year-to-date, investors’ interest is likely to be reignited due to its potential to move even higher.
