Lightbridge Corporation (LTBR): 1 Aspect That’s Somewhat Good

Short sellers are getting bullish about Lightbridge Corporation (NASDAQ:LTBR). Looking at the sentiment indicator for the LTBR stock we see that the short-interest ratio is at 12.87712 while the average analyst recommendations at 0 suggests selling these shares. Between January 15 and January 31, the total number of shorted shares amounted to 1.89 million shares. That was 2.26% less than the total of 1.93 million shares in the space of prior two weeks, which means more traders or funds betting that the stock will go up. Average daily volume for Lightbridge Corporation at the January 31st settlement plunged to 146,512, as compared to 205,328 at the January 15th report. That brought days to cover to a 36.97% increase from the 9.401343 days to cover recorded at the prior short interest data release.

The stock is currently hovering around the first support level of $0.6. Below this, the next support is placed in the zone of $0.56. Till the time, the LTBR stock trades above this level, bulls have nothing to fear. On momentum oscillators front, ‘RSI’ has touched 46.6 on daily chart, which may remain a cause for concern. If the price breaks below $0.56 level on closing basis, then we may see more profit booking and the stock may show further weakness. On the flipside, hitting the $0.67 mark may result into a pull-back move towards $0.7 level.

On 13th of February, Lightbridge Corporation (NASDAQ:LTBR) shares ended higher after a volatile session. The shares accumulated 0.03 points or 4.18 percent at $0.64 with a light trade volume of 1.458 million shares. After opening the session at $0.6125, the shares went as high as $0.66 and as low as $0.59, the range within which the stock’s price traded throughout the day. The firm is left with a market cap of $20.02 million and now has 31.48 million shares outstanding. Lightbridge Corporation (LTBR) stock has lost -4.37 percent of market value in 21 trading days.

LTBR stock has a trailing 3-year beta of 2.1, offering the possibility of a higher rate of return, but also posing more risk. The portion of a company’s profit allocated to each outstanding share of common stock was -$0.78 a share in the trailing twelve months. The stock’s value has surged 16.72 percent year to date (YTD) against a decline of -58.42 percent in 12 month’s time. The company’s shares still trade -62.58 percent away from its 1-year high of $1.70 and 20.02 percent up from 52-week low of $0.53. The average consensus rating on the company is 0, on a scale where 5 equates to a unanimous sell rating. In short, the mean analyst recommendations are calling this stock a buy.

Shares of Lightbridge Corporation (LTBR) are trading at a P/E ratio of 0 times earnings reported for the past 12 months. The industry LTBR operates in has an average P/E of 29.52. Its P/E ratio went as low as 0X and as high as 0 over the 5-year span. Further, it is sporting a 1925.44 on the Price-to-Sales ratio. Compare this with the industry average P/S of 4.15. 0 percent is the gross profit margin for Lightbridge Corporation and operating margin sits at 0 percent. Along with this, the net profit margin is 0 percent.

Let’s take a look at some insider activity at Lightbridge Corporation (NASDAQ:LTBR) and see the pattern. The earliest insider trade took place on 12/20/2018. Graham Thomas Jr gathered a total of 2 thousand shares of company at average share price of $0.61. The total for the purchase was set at $1.22 thousand. After this transaction, the Chairman account balance stood at 35.73 thousand shares. The stock grew 4.92 percent since that insider purchase. On 12/06/2018, Graham Thomas Jr, Chairman, purchased 2 thousand shares at a price per share of $0.76. This added 1.52 thousand shares to the insider’s fortune and the stock saw a -15.79 percent retreat in value since the news became public. This transaction left 33.73 thousand shares in the Chairman account.

On 08/29/2018, President and CEO Grae Seth performed a purchase transaction worth $11 thousand. This purchase at $1 each has added 11 thousand shares into the insider’s portfolio position. Meanwhile, shares have recorded -36 percent decrease since the transaction was reported. The insider now is left with 133.82 thousand shares remaining in the account. Mushakov Andrey, who performs the EVP, Nuclear Operations job, bought 11 thousand shares for $10.89 thousand. The acquisition occurred on 08/29/2018 was priced at $0.99 per share. The share price plunged -35.35 percent since the reporting date. Mushakov Andrey now left with a stake of 46.48 thousand LTBR stock worth $29.75 thousand after the insider buying.