Lightbridge (NASDAQ:LTBR) Shares Gap Up – Should You Buy?

Lightbridge Corporation (NASDAQ:LTBR) gapped up before the market opened on Wednesday . The stock had previously closed at $17.17, but opened at $18.37. Lightbridge shares last traded at $18.1650, with a volume of 448,008 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Lightbridge in a research note on Wednesday, October 8th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock presently has an average rating of “Sell”.

Lightbridge Price Performance

The firm has a fifty day simple moving average of $15.67 and a 200 day simple moving average of $17.12. The company has a market capitalization of $574.59 million, a price-to-earnings ratio of -22.02 and a beta of 1.84.

Lightbridge (NASDAQ:LTBR) last released 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 related news, Director Sweta Chakraborty sold 1,947 shares of the business’s stock in a transaction dated Friday, January 2nd. The shares were sold at an average price of $12.88, for a total value of $25,077.36. Following the completion of the transaction, the director owned 39,606 shares of the company’s stock, valued at approximately $510,125.28. The trade was a 4.69% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In the last 90 days, insiders have sold 8,537 shares of company stock valued at $151,380. 6.50% of the stock is owned by insiders.

Institutional Trading of Lightbridge

Several institutional investors and hedge funds have recently bought and sold shares of LTBR. Goldman Sachs Group Inc. boosted its holdings in shares of Lightbridge by 601.6% in the first quarter. Goldman Sachs Group Inc. now owns 91,620 shares of the energy company’s stock valued at $683,000 after acquiring an additional 78,561 shares in the last quarter. Balboa Wealth Partners acquired a new position in Lightbridge during the 2nd quarter worth $159,000. Caitong International Asset Management Co. Ltd boosted its stake in shares of Lightbridge by 853.3% in 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 purchasing an additional 3,507 shares during the last quarter. Bank of Montreal Can grew its stake in shares of Lightbridge by 30.0% during the second quarter. Bank of Montreal Can now owns 13,000 shares of the energy company’s stock worth $174,000 after purchasing an additional 3,000 shares during the period. Finally, SBI Securities Co. Ltd. increased its stake 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 in the last quarter. Institutional investors and hedge funds own 9.14% of the company’s stock.

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.