Lightbridge (NASDAQ:LTBR) Stock Crosses Below 200 Day Moving Average – Should You Sell?

Lightbridge Corporation (NASDAQ:LTBR)’s stock price passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $16.60 and traded as low as $10.44. Lightbridge shares last traded at $10.53, with a volume of 486,008 shares trading hands.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated 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, According to MarketBeat, the company currently has a consensus rating of “Sell”.

Lightbridge Stock Down 5.0%

The company has a market cap of $364.86 million, a price-to-earnings ratio of -13.00 and a beta of 2.08. The stock has a fifty day moving average price of $12.71 and a two-hundred day moving average price of $16.60.

Lightbridge (NASDAQ:LTBR) last posted its earnings results on Wednesday, February 25th. The energy company reported ($0.25) earnings per share for the quarter.

Insider Buying and Selling at Lightbridge

In other news, EVP Andrey Mushakov sold 30,289 shares of Lightbridge stock in a transaction on 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 approximately $6,447,088.74. This trade represents a 7.22% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 6.50% of the company’s stock.

Institutional Investors Weigh In On Lightbridge

A number of hedge funds and other institutional investors have recently modified their holdings of LTBR. Federated Hermes Inc. lifted 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 worth $26,000 after buying an additional 1,517 shares in the last quarter. CrossGen Wealth LLC bought a new position in shares of Lightbridge in the fourth quarter worth $26,000. Legal & General Group Plc bought a new position in shares of Lightbridge in the second quarter worth $28,000. Advisory Services Network LLC bought a new position in shares of Lightbridge in the third quarter worth $50,000. Finally, Leonteq Securities AG bought a new position in shares of Lightbridge in the fourth quarter worth $51,000. Institutional investors and hedge funds 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.