Is Centrus Energy Corp (AMEX: LEU) Stock Ready For A Higher Run In Its Share Price?

In the last trading session, 2.28 million Centrus Energy Corp (AMEX:LEU) shares changed hands as the company’s beta touched 1.34. With the company’s per share price at $94.48 changed hands at -$4.11 or -4.17% during last session, the market valuation stood at $1.54B. LEU’s last price was a discount, traded about -6.76% off its 52-week high of $100.87. The share price had its 52-week low at $33.51, which suggests the last value was 64.53% up since then. When we look at Centrus Energy Corp’s average trading volume, we note the 10-day average is 1.46 million shares, with the 3-month average coming to 445.18K.

Analysts gave the Centrus Energy Corp (LEU) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.67. If we narrow down to specifics, the data shows that 0 out of 3 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 0 recommended LEU as a Hold, 3 felt it is a Buy and 0 rated the stock as Underweight.

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Centrus Energy Corp (AMEX:LEU) trade information

Instantly LEU was in red as seen at the end of in last trading. With action 59.81%, the performance over the past five days has been green. The company’s shares are showing year-to-date upside of 73.64%, with the 5-day performance at 59.81% in the green. However, in the 30-day time frame, Centrus Energy Corp (AMEX:LEU) is 109.91% up. Looking at the short shares, we see there were 1.83 million shares sold at short interest cover period of 5.52 days.

The consensus price target for the stock as assigned by Wall Street analysts is 59, meaning bulls need a downside of -60.14% from its current market value. According to analyst projections, LEU’s forecast low is 48 with 70 as the target high. To hit the forecast high, the stock’s price needs a 25.91% surge from its current level, while the stock would need to tank 49.2% for it to hit the projected low.

Centrus Energy Corp (LEU) estimates and forecasts

Data shows that the Centrus Energy Corp share is performing relatively much not better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot 124.95% over the past 6 months, a -43.75% in annual growth rate that is considerably lower than the industry average of 14.30%.

The 2024 estimates are for Centrus Energy Corp earnings to decrease by -43.75%.

LEU Dividends

Centrus Energy Corp is expected to release its next quarterly earnings report in November. During the past 5 years, the average dividend yield was 5.94 per year.

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

If we look at who the major shareholders are, we find that insiders hold 11.13% of Centrus Energy Corp shares while 54.36% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 61.17%. There are 54.36% institutions holding the Centrus Energy Corp stock share, with BLACKROCK INC. the top institutional holder. As of 2024-06-30, the company held 6.5567% of the shares, roughly 1.04 million LEU shares worth $44.58 million.

MIRAE ASSET GLOBAL ETFS HOLDINGS LTD. holds the second largest percentage of outstanding shares, with 6.3975% or 1.02 million shares worth $43.5 million as of 2024-06-30.