enCore Energy (NASDAQ:EU) Trading Up 8.4% – What’s Next?

enCore Energy Corp. (NASDAQ:EU) was up 8.4% during trading on Friday . The company traded as high as $2.77 and last traded at $2.7750. Approximately 2,965,725 shares were traded during mid-day trading, a decline of 5% from the average daily volume of 3,106,565 shares. The stock had previously closed at $2.56.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the stock. Weiss Ratings reiterated a “sell (d-)” rating on shares of enCore Energy in a research report on Wednesday, October 8th. HC Wainwright raised their target price on shares of enCore Energy from $2.75 to $4.00 and gave the company a “buy” rating in a research report on Tuesday, August 12th. Wall Street Zen upgraded shares of enCore Energy from a “sell” rating to a “hold” rating in a research report on Monday, September 22nd. B. Riley began coverage on enCore Energy in a research report on Wednesday, July 23rd. They issued a “buy” rating and a $4.00 price target on the stock. Finally, Zacks Research upgraded shares of enCore Energy to a “hold” rating in a report on Tuesday, August 12th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $4.00.

enCore Energy Price Performance

The company has a debt-to-equity ratio of 0.39, a current ratio of 13.64 and a quick ratio of 2.04. The business’s fifty day moving average is $2.97 and its 200-day moving average is $2.58. The firm has a market cap of $511.19 million, a PE ratio of -9.75 and a beta of 1.97.

enCore Energy (NASDAQ:EU) last posted its earnings results on Monday, November 10th. The company reported ($0.07) earnings per share for the quarter. The business had revenue of $8.88 million during the quarter. enCore Energy had a negative return on equity of 19.83% and a negative net margin of 118.78%. On average, research analysts predict that enCore Energy Corp. will post -0.2 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, Director William B. Harris sold 80,000 shares of the business’s stock in a transaction dated Tuesday, October 7th. The stock was sold at an average price of $3.41, for a total value of $272,800.00. Following the completion of the sale, the director owned 280,001 shares of the company’s stock, valued at approximately $954,803.41. The trade was a 22.22% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Dennis Stover sold 20,000 shares of the stock in a transaction that occurred on Tuesday, October 14th. The shares were sold at an average price of $3.54, for a total value of $70,800.00. Following the sale, the director directly owned 468,500 shares of the company’s stock, valued at approximately $1,658,490. This trade represents a 4.09% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 120,000 shares of company stock worth $410,200. 3.90% of the stock is owned by insiders.

Institutional Investors Weigh In On enCore Energy

A number of institutional investors have recently made changes to their positions in the company. Bogart Wealth LLC bought a new stake in shares of enCore Energy in the third quarter worth $26,000. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in enCore Energy by 64.7% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 19,000 shares of the company’s stock valued at $27,000 after acquiring an additional 7,461 shares in the last quarter. Compound Planning Inc. bought a new position in shares of enCore Energy during the 1st quarter valued at about $27,000. Farther Finance Advisors LLC raised its position in shares of enCore Energy by 222.3% during the 3rd quarter. Farther Finance Advisors LLC now owns 8,405 shares of the company’s stock valued at $27,000 after buying an additional 5,797 shares in the last quarter. Finally, Ballentine Partners LLC bought a new stake in enCore Energy in the second quarter worth $29,000. Hedge funds and other institutional investors own 20.86% of the company’s stock.

About enCore Energy

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.