Key Points
- Insider sale: Director William Sheriff sold 24,000 shares of enCore Energy on December 16 at an average price of $2.37, netting $56,880, and now owns 2,262,055 shares (a 1.05% reduction) valued at about $5.36M.
- Company outlook: enCore reported negative EPS (‑$0.07 last quarter), negative margins and ROE, while analysts hold a mixed stance—consensus is a "Moderate Buy" with a $4.00 price target amid recent downgrades.
enCore Energy Corp. (NASDAQ:EU - Get Free Report) insider William Sheriff sold 24,000 shares of enCore Energy stock in a transaction on Tuesday, December 16th. The stock was sold at an average price of $2.37, for a total transaction of $56,880.00. Following the completion of the transaction, the insider owned 2,262,055 shares in the company, valued at approximately $5,361,070.35. The trade was a 1.05% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.
enCore Energy Stock Performance
NASDAQ EU opened at $2.35 on Friday. The company has a 50-day simple moving average of $2.84 and a two-hundred day simple moving average of $2.72. enCore Energy Corp. has a 12-month low of $1.01 and a 12-month high of $4.18. The firm has a market cap of $440.11 million, a price-to-earnings ratio of -8.39 and a beta of 2.01. The company has a quick ratio of 12.48, a current ratio of 13.64 and a debt-to-equity ratio of 0.39.
enCore Energy (NASDAQ:EU - Get Free Report) last released its earnings results on Monday, November 10th. The company reported ($0.07) earnings per share for the quarter. The company had revenue of $8.88 million during the quarter. enCore Energy had a negative net margin of 118.78% and a negative return on equity of 19.83%. On average, equities analysts forecast that enCore Energy Corp. will post -0.2 EPS for the current year.
Analysts Set New Price Targets
A number of research firms have recently weighed in on EU. Wall Street Zen lowered enCore Energy from a "hold" rating to a "sell" rating in a research note on Saturday, November 22nd. Weiss Ratings reissued a "sell (d-)" rating on shares of enCore Energy in a research report on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $4.00.
Read Our Latest Report on enCore Energy
Institutional Trading of enCore Energy
Several large investors have recently added to or reduced their stakes in EU. Nuveen LLC bought a new position in enCore Energy in the 1st quarter worth $662,000. American Century Companies Inc. increased its position in shares of enCore Energy by 92.2% during the first quarter. American Century Companies Inc. now owns 194,218 shares of the company's stock valued at $266,000 after buying an additional 93,167 shares during the period. Quantbot Technologies LP bought a new position in enCore Energy in the first quarter worth about $102,000. Compound Planning Inc. purchased a new stake in enCore Energy in the first quarter worth about $27,000. Finally, Vident Advisory LLC boosted its position in enCore Energy by 21.8% during the 1st quarter. Vident Advisory LLC now owns 2,387,194 shares of the company's stock valued at $3,185,000 after acquiring an additional 427,019 shares in the last quarter. Institutional investors own 20.86% of the company's stock.
enCore Energy Company Profile
(
Get Free Report)
enCore Energy Corp. engages in the acquisition, exploration, and development of uranium resource properties in the United States. It holds a 100% interest in Crownpoint and Hosta Butte uranium project area covers 3,020 acres located in the Grants Uranium Belt, New Mexico. The company also holds interest in the Marquez-Juan Tafoya property comprises 14,582 acres located in McKinley and Sandoval counties of New Mexico; and the Nose Rock project comprising 42 owned unpatented lode mining claims comprising approximately 800 acres located in McKinley County, New Mexico.
Further Reading
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