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

Key Points

• Westwater Resources (NASDAQ:WWR) stock price has surpassed its 200-day moving average of $0.63, trading at $0.72 with a trading volume of 651,247 shares.
• Analysts maintain a positive outlook, with HC Wainwright reiterating a "buy" rating and a target price of $2.00, despite Wall Street Zen issuing a "sell" rating.
• The company, focused on developing battery-grade natural graphite materials, reported a market cap of $61.65 million and noted significant institutional trading activities in its shares.

Westwater Resources, Inc. (NASDAQ:WWR - Get Free Report) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $0.63 and traded as high as $0.72. Westwater Resources shares last traded at $0.72, with a volume of 651,247 shares changing hands.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on WWR. HC Wainwright reissued a "buy" rating and set a $2.00 price target on shares of Westwater Resources in a research report on Friday, August 15th. Wall Street Zen began coverage on Westwater Resources in a research report on Wednesday, May 21st. They set a "sell" rating on the stock. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat, Westwater Resources currently has an average rating of "Buy" and an average target price of $2.00.

Westwater Resources Stock Down 1.5%

The business has a fifty day moving average price of $0.70 and a 200-day moving average price of $0.63. The company has a market cap of $63.81 million, a P/E ratio of -5.69 and a beta of 1.18.

Hedge Funds Weigh In On Westwater Resources

Institutional investors and hedge funds have recently made changes to their positions in the company. Jane Street Group LLC grew its position in shares of Westwater Resources by 165.3% in the fourth quarter. Jane Street Group LLC now owns 56,249 shares of the basic materials company's stock valued at $40,000 after purchasing an additional 35,046 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in shares of Westwater Resources in the first quarter valued at approximately $55,000. Renaissance Technologies LLC grew its position in shares of Westwater Resources by 536.3% in the fourth quarter. Renaissance Technologies LLC now owns 99,201 shares of the basic materials company's stock valued at $70,000 after purchasing an additional 83,611 shares during the last quarter. Pinnacle Associates Ltd. grew its position in shares of Westwater Resources by 53.0% in the first quarter. Pinnacle Associates Ltd. now owns 133,900 shares of the basic materials company's stock valued at $74,000 after purchasing an additional 46,400 shares during the last quarter. Finally, Cambridge Investment Research Advisors Inc. acquired a new position in shares of Westwater Resources in the first quarter valued at approximately $84,000. Institutional investors and hedge funds own 7.72% of the company's stock.

About Westwater Resources

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.