Now Is The Time To Build A Position In Lightbridge Corp (NASDAQ:LTBR)

Lightbridge Corp (NASDAQ:LTBR) has a beta value of 2.19 and has seen 0.57 million shares traded in the recent trading session. The LTBR stock price is -125.4% off its 52-week high price of $14.20 and 64.92% above the 52-week low of $2.21. If we look at the company’s 10-day average daily trading volume, we find that it stood at 1.48 million shares traded. The 3-month trading volume is 1.58 million shares.

Lightbridge Corp (NASDAQ:LTBR) trade information

Sporting -0.08% in the red today, the stock has traded in the red over the last five days, with the highest price hit on recent trading when the LTBR stock price touched $6.30 or saw a rise of 13.58%. Year-to-date, Lightbridge Corp shares have moved 96.11%, while the 5-day performance has seen it change -4.77%. Over the past 30 days, the shares of Lightbridge Corp (NASDAQ:LTBR) have changed -14.35%. Short interest in the company has seen 1.31 million shares shorted with days to cover at 0.45.

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Lightbridge Corp (LTBR) estimates and forecasts

The company’s shares have gained 129.74% over the past 6 months. If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was 40.19% over the past 5 years.

LTBR Dividends

Lightbridge Corp is expected to release its next earnings report in December this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.

Lightbridge Corp (NASDAQ:LTBR)’s Major holders

Insiders own 12.51% of the company shares, while shares held by institutions stand at 9.31% with a share float percentage of 10.64%. Investors are also buoyed by the number of investors in a company, with Lightbridge Corp having a total of 39.0 institutions that hold shares in the company. The top two institutional holders are VANGUARD GROUP INC with over 0.55 million shares worth more than $1.86 million. As of 2024-06-30, VANGUARD GROUP INC held 4.0893% of shares outstanding.

The other major institutional holder is GEODE CAPITAL MANAGEMENT, LLC, with the holding of over 0.17 million shares as of 2024-06-30. The firm’s total holdings are worth over $0.56 million and represent 1.2418% of shares outstanding.

Also the top two Mutual Funds that are holding company’s shares are Vanguard Total Stock Market Index Fund and Vanguard Extended Market Index Fund. As of Jun 30, 2024, the former fund manager holds about 2.44% shares in the company for having 383.95 shares of worth $2.47 million while later fund manager owns 162.22 shares of worth $1.04 million as of Jun 30, 2024, which makes it owner of about 1.03% of company’s outstanding stock.