U.S. Gold (NASDAQ:USAU) Stock Passes Above 200-Day Moving Average – Time to Sell?

Posted by Phillip Gast on Nov 8th, 2024

U.S. Gold Corp. (NASDAQ:USAU – Get Free Report) shares crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $5.55 and traded as high as $6.50. U.S. Gold shares last traded at $6.42, with a volume of 111,788 shares trading hands.

Wall Street Analysts Forecast Growth

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

View Our Latest Report on USAU

U.S. Gold Stock Performance

The company’s 50-day moving average price is $5.83 and its 200 day moving average price is $5.55. The stock has a market capitalization of $69.14 million, a PE ratio of -7.73 and a beta of 1.45.

U.S. Gold (NASDAQ:USAU – Get Free Report) last issued its quarterly earnings data on Monday, September 16th. The technology company reported ($0.24) EPS for the quarter. Analysts expect that U.S. Gold Corp. will post -0.94 earnings per share for the current year.

Institutional Investors Weigh In On U.S. Gold

An institutional investor recently raised its position in U.S. Gold stock. Prospera Financial Services Inc raised its position in shares of U.S. Gold Corp. (NASDAQ:USAU – Free Report) by 3.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 54,500 shares of the technology company’s stock after buying an additional 2,000 shares during the quarter. Prospera Financial Services Inc owned about 0.51% of U.S. Gold worth $317,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 6.64% of the company’s stock.

About U.S. Gold

(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.