enCore Energy (NASDAQ:EU) Releases Earnings Results, Misses Expectations By $0.03 EPS

by · The Cerbat Gem

enCore Energy (NASDAQ:EU – Get Free Report) released its earnings results on Thursday. The company reported ($0.09) EPS for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.03), Zacks reports. enCore Energy had a negative return on equity of 20.72% and a negative net margin of 131.75%.

enCore Energy Stock Performance

NASDAQ:EU traded up $0.03 during trading hours on Thursday, reaching $1.62. The company had a trading volume of 2,810,089 shares, compared to its average volume of 2,753,247. enCore Energy has a 1-year low of $1.54 and a 1-year high of $4.19. The firm has a market cap of $314.64 million, a PE ratio of -5.23 and a beta of 2.18. The business’s 50 day moving average price is $1.89 and its 200-day moving average price is $2.46. The company has a debt-to-equity ratio of 0.43, a current ratio of 8.03 and a quick ratio of 7.64.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of enCore Energy in a report on Monday, April 20th. Two equities research analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $3.83.

Get Our Latest Analysis on enCore Energy

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of EU. Caitong International Asset Management Co. Ltd lifted its holdings in enCore Energy by 192.6% in the third quarter. Caitong International Asset Management Co. Ltd now owns 8,137 shares of the company’s stock valued at $26,000 after acquiring an additional 5,356 shares during the period. Laurion Capital Management LP purchased a new stake in shares of enCore Energy in the fourth quarter valued at approximately $29,000. Arax Advisory Partners increased its position in shares of enCore Energy by 898.7% in the fourth quarter. Arax Advisory Partners now owns 11,545 shares of the company’s stock valued at $29,000 after buying an additional 10,389 shares in the last quarter. Osaic Holdings Inc. purchased a new stake in shares of enCore Energy in the second quarter valued at approximately $29,000. Finally, Schonfeld Strategic Advisors LLC purchased a new stake in shares of enCore Energy in the fourth quarter valued at approximately $32,000. 20.86% of the stock is owned by institutional investors and hedge funds.

About enCore Energy

(Get Free Report)

enCore Energy Inc is a U.S.-based uranium exploration and development company focused on deploying in-situ recovery (ISR) technology to bring domestic uranium projects into production. The company’s operations are centered on the Nichols Ranch ISR facility in Wyoming, which represents enCore’s flagship asset and its nearest-term production opportunity. Through ISR methods, enCore seeks to extract uranium with lower environmental impact and capital requirements relative to conventional mining.

In addition to Nichols Ranch, enCore holds a diversified portfolio of uranium properties in the western United States, including the Roca Honda project in New Mexico and several ISR-amenable projects in the Texas and Oklahoma regions.

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