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Wednesday, January 27, 2021

Investor Confidence is Rising for Centrus Energy Corp. (AMEX:LEU)

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The Centrus Energy Corp. (LEU) shares are trading at higher $10.15.

To add more color to this target, the company’s high over the last year is $12.01 and the low is $2.82. Over the last 52 weeks, LEU is down -15.49% while the S&P 500 is down -2.55%. The catalyst for this interesting swing was the company’s recent earnings report.

A Notable Earnings Report

In the last quarter, LEU reported a profit of $19.6 million. Centrus Energy Corp. also saw revenues increase to $45.0 million. In addition, LEU has free cash flow of -$18.5 million as of 03-2020 The company’s EBITDA came in at $10.4 million which compares well with its peers.

LEU booked profit margins of 3.70%, its Return on Equity (ROE) is -2.30%, and its Return on Assets is 1.70%. All told, it is clear that, LEU needs to be on your watchlist.

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Of course, we must look beyond the financials and question how well those numbers represent the sustainable earnings power of the business. Investors need to know how sustainable this current run. LEU has a short ratio of 0.08 and outstanding shares of 9.62M.

Company Outlook

LEU has seen increased volume after this news and investors are putting their support behind the value proposition. Furthermore, 10-day volume stands at 38100.0 and more growth is possible in the weeks ahead. Traders will also note the company’s earnings per share came in at 0.79. Centrus Energy Corp. LEU also noted assets of $430.8 million at the end of the last quarter. Investors should also keep an eye on sector updates as LEU has historically followed its peers on positive news.

All told, Centrus Energy Corp. LEU has strung together solid data and demonstrated underlying fundamentals. At its current valuation, LEU represents an interesting risk/reward case. Traders should stay tuned to see if this recent report will push the stock to test recent resistance levels.

Centrus Energy Corp. LEU is now commanding a market cap of 98.66M and a float of 5.66M. LEU is increasing its credibility in this sector and that could lead to more upside down the line. Sign-up for continuing coverage on shares of LEU stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!

Disclosure: we hold no position in LEU, either long or short, and we have not been compensated for this article.

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