Lightbridge (NASDAQ:LTBR) Announces Quarterly Earnings Results

Lightbridge (NASDAQ:LTBR) posted its earnings results on Wednesday. The energy company reported ($0.25) earnings per share for the quarter, Zacks reports.

Lightbridge Trading Up 5.8%

Shares of Lightbridge stock traded up $0.76 on Wednesday, hitting $13.78. 721,058 shares of the company traded hands, compared to its average volume of 927,753. Lightbridge has a 12-month low of $6.10 and a 12-month high of $31.33. The company has a market cap of $449.37 million, a P/E ratio of -17.22 and a beta of 1.94. The firm’s 50-day simple moving average is $14.99 and its 200 day simple moving average is $17.30.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Lightbridge in a report on Thursday, January 22nd. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company presently has an average rating of “Sell”.

Insiders Place Their Bets

In other Lightbridge news, EVP Andrey Mushakov sold 30,289 shares of Lightbridge stock in a transaction dated Thursday, January 29th. The stock was sold at an average price of $16.57, for a total transaction of $501,888.73. Following the completion of the sale, the executive vice president owned 389,082 shares of the company’s stock, valued at $6,447,088.74. The trade was a 7.22% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Sweta Chakraborty sold 1,948 shares of the company’s stock in a transaction dated Monday, December 1st. The stock was sold at an average price of $15.47, for a total value of $30,135.56. Following the completion of the transaction, the director owned 41,553 shares of the company’s stock, valued at $642,824.91. The trade was a 4.48% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders sold 36,878 shares of company stock worth $601,198. 5.80% of the stock is owned by insiders.

Institutional Trading of Lightbridge

Hedge funds have recently bought and sold shares of the company. Kestra Advisory Services LLC boosted its stake in Lightbridge by 8.0% in the fourth quarter. Kestra Advisory Services LLC now owns 10,740 shares of the energy company’s stock worth $136,000 after buying an additional 800 shares in the last quarter. Cetera Investment Advisers lifted its holdings in shares of Lightbridge by 2.0% in the 4th quarter. Cetera Investment Advisers now owns 60,129 shares of the energy company’s stock worth $760,000 after acquiring an additional 1,168 shares during the last quarter. Federated Hermes Inc. lifted its holdings in shares of Lightbridge by 266.6% in the 4th quarter. Federated Hermes Inc. now owns 2,086 shares of the energy company’s stock worth $26,000 after acquiring an additional 1,517 shares during the last quarter. CrossGen Wealth LLC purchased a new stake in shares of Lightbridge in the 4th quarter valued at $26,000. Finally, Legal & General Group Plc bought a new position in shares of Lightbridge during the 2nd quarter valued at $28,000. Institutional investors own 9.14% of the company’s stock.

About Lightbridge

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.