enCore Energy (NASDAQ:EU) Stock Price Down 4.4%

enCore Energy Corp. (NASDAQ:EU) shares were down 4.4% on Tuesday . The stock traded as low as $3.48 and last traded at $3.49. Approximately 116,351 shares changed hands during trading, a decline of 90% from the average daily volume of 1,196,183 shares. The stock had previously closed at $3.65.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. B. Riley reissued a “buy” rating and issued a $6.00 price target on shares of enCore Energy in a research report on Wednesday, May 15th. Ventum Cap Mkts raised shares of enCore Energy to a “strong-buy” rating in a research report on Thursday, August 22nd. Finally, HC Wainwright dropped their price target on shares of enCore Energy from $7.50 to $7.00 and set a “buy” rating on the stock in a research report on Thursday, August 15th.

enCore Energy Price Performance

The stock’s 50 day simple moving average is $3.75 and its two-hundred day simple moving average is $4.15. The stock has a market cap of $654.63 million, a price-to-earnings ratio of -27.31 and a beta of -0.01.

enCore Energy (NASDAQ:EU) last posted its quarterly earnings results on Wednesday, August 14th. The company reported ($0.05) earnings per share for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.06). The business had revenue of $5.32 million for the quarter, compared to analysts’ expectations of $13.10 million. As a group, analysts predict that enCore Energy Corp. will post -0.05 earnings per share for the current year.

Institutional Investors Weigh In On enCore Energy

Institutional investors and hedge funds have recently made changes to their positions in the company. Rathbones Group PLC bought a new position in shares of enCore Energy in the second quarter valued at about $39,000. Xponance Inc. bought a new position in shares of enCore Energy in the second quarter valued at about $43,000. Sei Investments Co. bought a new position in shares of enCore Energy in the second quarter valued at about $46,000. Sumitomo Mitsui Trust Holdings Inc. bought a new position in shares of enCore Energy in the first quarter valued at about $83,000. Finally, Virtu Financial LLC bought a new position in shares of enCore Energy in the first quarter valued at about $84,000. Institutional investors and hedge funds own 20.86% of the company’s stock.

About enCore Energy

enCore Energy Corp. engages in the acquisition, exploration, and development of uranium resource properties in the United States. It holds a 100% interest in Crownpoint and Hosta Butte uranium project area covers 3,020 acres located in the Grants Uranium Belt, New Mexico. The company also holds interest in the Marquez-Juan Tafoya property comprises 14,582 acres located in McKinley and Sandoval counties of New Mexico; and the Nose Rock project comprising 42 owned unpatented lode mining claims comprising approximately 800 acres located in McKinley County, New Mexico.