Is Lightbridge Corp (NASDAQ: LTBR)’s Stock Ready To Increase In Value?

In the last trading session, 1.57 million shares of the Lightbridge Corp (NASDAQ:LTBR) were traded, and its beta was 2.22. Most recently the company’s share price was $6.48, and it changed around -$0.85 or -11.60% from the last close, which brings the market valuation of the company to $90.32M. LTBR currently trades at a discount to its 52-week high of $14.20, offering almost -119.14% off that amount. The share price’s 52-week low was $2.21, which indicates that the current value has risen by an impressive 65.9% since then. We note from Lightbridge Corp’s average daily trading volume that its 10-day average is 1.74 million shares, with the 3-month average coming to 1.45 million.

Lightbridge Corp (NASDAQ:LTBR) trade information

Instantly LTBR has showed a red trend with a performance of -11.60% at the end of last trading. The performance over the last five days has remained in the red territory. The rise to weekly highs of 9.40 on recent trading dayincreased the stock’s daily price by 31.06%. The company’s shares are currently up 101.87% year-to-date, but still down -27.84% over the last five days. On the other hand, Lightbridge Corp (NASDAQ:LTBR) is 45.62% up in the 30-day period. We can see from the shorts that 1.31 million shares have been sold at a short interest cover period of 0.45 day(s).

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Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 40.19%.

LTBR Dividends

Lightbridge Corp’s next quarterly earnings report is expected to be released in December.

Lightbridge Corp (NASDAQ:LTBR)’s Major holders

Upon looking at major shareholders, it appears that insiders hold 12.51% of Lightbridge Corp shares, and 9.21% of them are in the hands of institutional investors. The stock currently has a share float of 10.53%. Lightbridge Corp stock is held by 38.0 institutions, with VANGUARD GROUP INC being the largest institutional investor. By 2024-06-30, it held 4.0893% of the shares, which is about 0.55 million shares worth $1.86 million.

GEODE CAPITAL MANAGEMENT, LLC, with 1.2418% or 0.17 million shares worth $0.56 million as of 2024-06-30, holds the second largest percentage of outstanding shares.