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Westwater Resources (NASDAQ:WWR) Stock Passes Above 200-Day Moving Average - Time to Sell?

Westwater Resources logo with Basic Materials background

Key Points

  • Westwater Resources stock has surpassed its two hundred day moving average, with a recent trading high of $0.79 and last traded at $0.76.
  • Wall Street analysts currently have a consensus rating of "Buy" for Westwater Resources, with targets set as high as $2.00.
  • Institutional investors increased their holdings significantly, with Jane Street Group LLC raising its stake by 165.3% in the last quarter.
  • MarketBeat previews top five stocks to own in October.

Westwater Resources, Inc. (NASDAQ:WWR - Get Free Report) shares crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $0.62 and traded as high as $0.79. Westwater Resources shares last traded at $0.76, with a volume of 3,532,810 shares traded.

Wall Street Analysts Forecast Growth

Separately, HC Wainwright reiterated a "buy" rating and set a $2.00 price target on shares of Westwater Resources in a research report on Friday, August 15th. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, Westwater Resources has an average rating of "Buy" and a consensus target price of $2.00.

Read Our Latest Analysis on WWR

Westwater Resources Stock Down 1.2%

The stock has a market capitalization of $63.89 million, a PE ratio of -5.70 and a beta of 1.30. The company has a 50-day moving average of $0.75 and a 200 day moving average of $0.62.

Institutional Trading of Westwater Resources

Large investors have recently added to or reduced their stakes in the stock. Jane Street Group LLC grew its holdings in Westwater Resources by 165.3% in the 4th quarter. Jane Street Group LLC now owns 56,249 shares of the basic materials company's stock valued at $40,000 after buying an additional 35,046 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in Westwater Resources in the 1st quarter valued at $55,000. Pinnacle Associates Ltd. grew its holdings in Westwater Resources by 53.0% in the 1st quarter. Pinnacle Associates Ltd. now owns 133,900 shares of the basic materials company's stock valued at $74,000 after buying an additional 46,400 shares in the last quarter. Cambridge Investment Research Advisors Inc. purchased a new stake in Westwater Resources in the 1st quarter valued at $84,000. Finally, Northern Trust Corp grew its holdings in Westwater Resources by 34.7% in the 4th quarter. Northern Trust Corp now owns 127,960 shares of the basic materials company's stock valued at $91,000 after buying an additional 32,952 shares in the last quarter. 7.72% of the stock is currently owned by hedge funds and other institutional investors.

Westwater Resources Company Profile

(Get Free Report)

Westwater Resources, Inc operates as an energy technology company, focuses on developing battery-grade natural graphite materials. The company holds interests in Kellyton Graphite Plant located in Kellyton, Alabama; and Bama Mine Project situated in south Alabama. It holds interests in Coosa graphite project located in Coosa County, Alabama.

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