How Will Centrus Energy Corp (AMEX: LEU) Perform In The Next Few Months?

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Centrus Energy Corp (AMEX:LEU) has a beta value of 1.31 and has seen 0.63 million shares traded in the recent trading session. The company, currently valued at $1.17B, closed the recent trade at $71.57 per share which meant it gained $10.27 on the day or 16.75% during that session. The LEU stock price is 2.89% off its 52-week high price of $69.50 and 53.18% above the 52-week low of $33.51. If we look at the company’s 10-day average daily trading volume, we find that it stood at 0.63 million shares traded. The 3-month trading volume is 325.98K shares.

The consensus among analysts is that Centrus Energy Corp (LEU) is Buy stock at the moment, with a recommendation rating of 1.67. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 0 out of 3 have rated it as a Hold, with 3 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is 0.22.

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Centrus Energy Corp (AMEX:LEU) trade information

Sporting 16.75% in the green today, the stock has traded in the green over the last five days, with the highest price hit on recent trading when the LEU stock price touched $71.57 or saw a rise of 0.6%. Year-to-date, Centrus Energy Corp shares have moved 31.53%, while the 5-day performance has seen it change 13.51%. Over the past 30 days, the shares of Centrus Energy Corp (AMEX:LEU) have changed 79.54%. Short interest in the company has seen 1.83 million shares shorted with days to cover at 5.52.

Wall Street analysts have a consensus price target for the stock at $59, which means that the shares’ value could drop -21.31% from the levels at last check today. The projected low price target is $48.0 while the price target rests at a high of $70.0. In that case, then, we find that the latest price level in today’s session is 2.19% off the targeted high while a plunge would see the stock lose 32.93% from the levels at last check today.

Centrus Energy Corp (LEU) estimates and forecasts

Figures show that Centrus Energy Corp shares have underperformed across the wider relevant industry. The company’s shares have gained 75.88% over the past 6 months, with this year growth rate of -43.75%, compared to 18.50% for the industry. Revenue growth from the last financial year stood is estimated to be 23.30%.

3 analysts offering their estimates for the company have set an average revenue estimate of 56.07M for the current quarter. 3 have an estimated revenue figure of 106.1M for the next ending quarter. Year-ago sales stood 51.3M and 103.6M respectively for this quarter and the next, and analysts expect sales will grow by 9.30% for the current quarter and 23.30% for the next.

LEU Dividends

Centrus Energy Corp is expected to release its next earnings report on 2024-Nov-05 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.

Centrus Energy Corp (AMEX:LEU)’s Major holders

Insiders own 11.13% of the company shares, while shares held by institutions stand at 54.35% with a share float percentage of 61.16%. Investors are also buoyed by the number of investors in a company, with Centrus Energy Corp having a total of 211.0 institutions that hold shares in the company. The top two institutional holders are BLACKROCK INC. with over 1.04 million shares worth more than $44.58 million. As of 2024-06-30, BLACKROCK INC. held 6.5567% of shares outstanding.

The other major institutional holder is MIRAE ASSET GLOBAL ETFS HOLDINGS LTD., with the holding of over 1.02 million shares as of 2024-06-30. The firm’s total holdings are worth over $43.5 million and represent 6.3975% of shares outstanding.

Also the top two Mutual Funds that are holding company’s shares are Global X Fds-Global X Uranium ETF and Vanguard Total Stock Market Index Fund. As of Sep 30, 2024, the former fund manager holds about 5.73% shares in the company for having 892.34 shares of worth $64.57 million while later fund manager owns 412.06 shares of worth $29.82 million as of Jun 30, 2024, which makes it owner of about 2.65% of company’s outstanding stock.