Lightbridge (NASDAQ:LTBR) Releases Earnings Results

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

Lightbridge Stock Up 0.3%

LTBR stock traded up $0.03 during trading on Wednesday, reaching $8.96. The stock had a trading volume of 752,403 shares, compared to its average volume of 927,019. Lightbridge has a one year low of $6.92 and a one year high of $31.33. The company’s 50 day moving average is $9.02 and its two-hundred day moving average is $11.56. The company has a market capitalization of $314.94 million, a price-to-earnings ratio of -11.64 and a beta of 2.14.

Institutional Trading of Lightbridge

A number of hedge funds have recently bought and sold shares of LTBR. Goldman Sachs Group Inc. grew its stake in Lightbridge by 601.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 91,620 shares of the energy company’s stock valued at $683,000 after purchasing an additional 78,561 shares during the period. Geode Capital Management LLC raised its stake in shares of Lightbridge by 166.3% during the 2nd quarter. Geode Capital Management LLC now owns 473,765 shares of the energy company’s stock worth $6,336,000 after purchasing an additional 295,890 shares during the period. Cetera Investment Advisers purchased a new position in shares of Lightbridge in the 2nd quarter worth about $253,000. JPMorgan Chase & Co. boosted its holdings in shares of Lightbridge by 1,610.9% in the 2nd quarter. JPMorgan Chase & Co. now owns 9,410 shares of the energy company’s stock worth $126,000 after buying an additional 8,860 shares during the last quarter. Finally, Legal & General Group Plc bought a new position in Lightbridge during the second quarter valued at about $28,000. 9.14% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have commented on LTBR shares. Wall Street Zen lowered shares of Lightbridge from a “sell” rating to a “strong sell” rating in a research note on Sunday, April 12th. Weiss Ratings reissued a “sell (d-)” rating on shares of Lightbridge in a research report on Friday, July 17th. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock 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.