Lightbridge (NASDAQ:LTBR) Posts Quarterly Earnings Results

Lightbridge (NASDAQ:LTBR) announced its quarterly earnings data on Wednesday. The energy company reported ($0.18) earnings per share for the quarter, FiscalAI reports.

Lightbridge Price Performance

LTBR stock traded up $0.12 during trading on Thursday, reaching $9.09. The company had a trading volume of 218,247 shares, compared to its average volume of 922,202. The business has a 50 day moving average of $8.97 and a 200 day moving average of $11.50. The company has a market cap of $319.34 million, a P/E ratio of -11.76 and a beta of 2.14. Lightbridge has a 52 week low of $6.92 and a 52 week high of $31.33.

Institutional Trading of Lightbridge

Hedge funds and other institutional investors have recently modified their holdings of the business. CrossGen Wealth LLC purchased a new position in shares of Lightbridge in the 4th quarter worth about $26,000. Federated Hermes Inc. grew its holdings in shares of Lightbridge by 266.6% during the fourth quarter. Federated Hermes Inc. now owns 2,086 shares of the energy company’s stock valued at $26,000 after buying an additional 1,517 shares during the last quarter. Legal & General Group Plc bought a new stake in shares of Lightbridge during the second quarter valued at approximately $28,000. Advisory Services Network LLC purchased a new position in Lightbridge in the 3rd quarter worth approximately $50,000. Finally, Russell Investments Group Ltd. bought a new position in Lightbridge in the 3rd quarter valued at approximately $53,000. 9.14% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on LTBR shares. Weiss Ratings reissued a “sell (d-)” rating on shares of Lightbridge in a research note on Friday, July 17th. Wall Street Zen lowered Lightbridge from a “sell” rating to a “strong sell” rating in a research note on Sunday, April 12th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Lightbridge presently has a consensus rating of “Sell”.

Lightbridge Company Profile

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.