U.S. Gold (NASDAQ:USAU) Stock Crosses Above 200 Day Moving Average – Here’s Why

Posted by Steve Reilly on Nov 16th, 2024

Shares of U.S. Gold Corp. (NASDAQ:USAU – Get Free Report) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $5.62 and traded as high as $7.13. U.S. Gold shares last traded at $7.07, with a volume of 425,799 shares trading hands.

Analysts Set New Price Targets

Separately, HC Wainwright restated a “buy” rating and issued a $11.00 price target on shares of U.S. Gold in a research report on Thursday, September 5th.

View Our Latest Analysis on U.S. Gold

U.S. Gold Stock Performance

The stock has a 50-day moving average of $5.90 and a 200 day moving average of $5.62. The firm has a market capitalization of $76.14 million, a P/E ratio of -8.52 and a beta of 1.45.

U.S. Gold (NASDAQ:USAU – Get Free Report) last announced its earnings results on Monday, September 16th. The technology company reported ($0.24) earnings per share (EPS) for the quarter. On average, equities analysts predict that U.S. Gold Corp. will post -0.94 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of USAU. Quadrature Capital Ltd bought a new position in U.S. Gold in the third quarter valued at about $59,000. Jane Street Group LLC acquired a new stake in shares of U.S. Gold during the 3rd quarter worth approximately $118,000. Finally, Prospera Financial Services Inc grew its holdings in U.S. Gold by 3.8% during the 3rd quarter. Prospera Financial Services Inc now owns 54,500 shares of the technology company’s stock worth $317,000 after acquiring an additional 2,000 shares during the period. 6.64% of the stock is currently owned by institutional investors.

U.S. Gold Company Profile

(Get Free Report)

U.S. Gold Corp. engages in the exploration and development of gold and precious metals in the United States. It also explores for copper and silver deposits. The company holds 100% interests in the CK Gold project, which consists of various mining leases and other mineral rights covering approximately 1,120 acres in Laramie County, Wyoming; the Keystone project that consists of 601 unpatented lode mining claims covering approximately 20 square miles in Eureka County, Nevada; and the Challis Gold project, which consists of 77 unpatented lode mining claims covering approximately 1,710 acres in Lemhi County, Idaho.