The Attractiveness of Investing In Centrus Energy Corp. (LEU) is Growing


Centrus Energy Corp.’s recently made public that its SVP,GEN COUNS,CCO& CORP. SEC’Y SCOTT DENNIS JOHN unloaded Company’s shares for reported $0.4 million on Apr 03. In the deal valued at $32.29 per share,12,505 shares were sold. As a result of this transaction, SCOTT DENNIS JOHN now holds 0 shares worth roughly $ 0.0.

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Then, Bawabeh Morris bought 25,000 shares, generating $827,740 in total proceeds. Upon buying the shares at $33.11, the 10% Owner now owns 1,627,776 shares.

Before that, CUTLIP LARRY B sold 9,000 shares. Centrus Energy Corp. shares valued at $423,019 were divested by the SVP, FIELD OPERATIONS at a price of $47.00 per share. As a result of the transaction, CUTLIP LARRY B now holds 332 shares, worth roughly $16297.880000000001.

ROTH Capital upgraded its Centrus Energy Corp. [LEU] rating to a Buy from a a Neutral in a research note published on Friday, August 08, 2022; the price target was increased to $48 from $45. PT values the company’s stock at a premium of -2.27 to its Friday closing price.

Price Performance Review of LEU

On Friday, Centrus Energy Corp. [AMEX:LEU] saw its stock jump 3.43% to $49.09. On the same session, the stock had its day’s lowest price of $48.11, but rose to a high of $49.38. Over the last five days, the stock has gained 10.94%. Centrus Energy Corp. shares have risen nearly 51.14% since the year began. Nevertheless, the stocks have fallen -1.45% over the past one year. While a 52-week high of $55.59 was reached on 02/23/23, a 52-week low of $24.88 was recorded on 06/01/23. SMA at 50 days reached $37.92, while 200 days put it at $35.63. A total of 0.13 million shares were traded, compared to the trading of 0.26 million shares in the previous session.

Levels Of Support And Resistance For LEU Stock

The 24-hour chart illustrates a support level at 48.34, which if violated will result in even more drops to 47.59. On the upside, there is a resistance level at 49.61. A further resistance level may holdings at 50.13. The Relative Strength Index (RSI) on the 14-day chart is 70.73, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 3.72, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 3.16%. Stochastics %K at 92.95% indicates the stock is a selling.

How much short interest is there in Centrus Energy Corp.?

A steep rise in short interest was recorded in Centrus Energy Corp. stocks on Aug 14, 2023, growing by 0.14 million shares to a total of 0.57 million shares. Yahoo Finance data shows the prior-month short interest on Jul 13, 2023 was 0.43 million shares. There was a rise of 23.88%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 4.56% of the overall stock float, the days-to-cover ratio (short ratio) rose to 3.25.

Centrus Energy Corp. [LEU] – Who Are The Largest Shareholders?

In filings from The Vanguard Group, Inc., it is revealed that the company now owns 714,613 shares, or roughly 4.84% of the outstanding LEU shares. In other words, the investor’s shares have risen by 6,724 from its previous 13-F filing of 707889.0. Additionally, BlackRock Fund Advisors increased 16.90% of its stake after which the total value it holdings stand at $25,312,997, while Global X Management Co. LLC added 8.76% of its stake to hold $23.0 million in the firm. Over the last quarter, Sara-Bay Financial Corp. sold -4,432 shares of Centrus Energy Corp., while Renaissance Technologies LLC sold -56,391 shares. At present, Geode Capital Management LLC is holding 241,445 shares valued at $9.08 million. SSgA Funds Management, Inc. owned 235,033 shares of the company at the time of its most recent 13F filing, worth $8.84 million.

According to FactSet, Centrus Energy Corp.’s share price will average $62.50 in the next year, based on opinions of analysts polled by the firm. This is up nearly 31.69 percent from its previous closing price of $47.46. Analysts expect Centrus Energy Corp. stock to reach the higher price of $76.00, while the lowest price estimate is $49.00. However, 2 analysts have rated LEU stock as a Buy in their predictions for 2023.


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