The GEO Group, Inc. (GEO) Forms $21.60 Double Bottom; Lightbridge (LTBR) Shorts Raised By 16.02%

April 25, 2018 - By John Hoffman

Lightbridge Corporation (NASDAQ:LTBR) Logo

The GEO Group, Inc. (GEO) formed double bottom with $20.95 target or 3.00% below today’s $21.60 share price. The GEO Group, Inc. (GEO) has $2.63 billion valuation. The stock increased 0.05% or $0.01 during the last trading session, reaching $21.6. About 634,043 shares traded. The GEO Group, Inc. (NYSE:GEO) has declined 34.79% since April 25, 2017 and is downtrending. It has underperformed by 46.34% the S&P500.

Lightbridge Corporation (NASDAQ:LTBR) had an increase of 16.02% in short interest. LTBR’s SI was 1.73 million shares in April as released by FINRA. Its up 16.02% from 1.49 million shares previously. With 623,000 avg volume, 3 days are for Lightbridge Corporation (NASDAQ:LTBR)’s short sellers to cover LTBR’s short positions. The stock increased 0.95% or $0.01 during the last trading session, reaching $1.06. About 178,479 shares traded. Lightbridge Corporation (NASDAQ:LTBR) has risen 2.68% since April 25, 2017 and is uptrending. It has underperformed by 8.87% the S&P500.

Analysts await The GEO Group, Inc. (NYSE:GEO) to report earnings on May, 1. They expect $0.43 EPS, down 15.69% or $0.08 from last year’s $0.51 per share. GEO’s profit will be $52.42 million for 12.56 P/E if the $0.43 EPS becomes a reality. After $0.67 actual EPS reported by The GEO Group, Inc. for the previous quarter, Wall Street now forecasts -35.82% negative EPS growth.

Among 5 analysts covering The GEO Group (NYSE:GEO), 5 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. The GEO Group has $52 highest and $28 lowest target. $34.67’s average target is 60.51% above currents $21.6 stock price. The GEO Group had 14 analyst reports since August 4, 2015 according to SRatingsIntel. On Tuesday, April 11 the stock rating was maintained by Canaccord Genuity with “Buy”. The firm has “Buy” rating given on Monday, August 7 by Canaccord Genuity. The rating was maintained by SunTrust with “Buy” on Wednesday, January 31. The firm has “Buy” rating given on Friday, November 11 by Canaccord Genuity. Canaccord Genuity maintained it with “Buy” rating and $38 target in Monday, December 12 report. Suntrust Robinson maintained The GEO Group, Inc. (NYSE:GEO) rating on Thursday, September 1. Suntrust Robinson has “Buy” rating and $32 target. J.P. Morgan initiated it with “Buy” rating and $3500 target in Friday, July 14 report. On Thursday, August 10 the stock rating was maintained by Canaccord Genuity with “Buy”. The company was maintained on Wednesday, August 24 by Canaccord Genuity. On Thursday, September 1 the stock rating was maintained by SunTrust with “Buy”.

Lightbridge Corporation operates as a nuclear fuel technology firm worldwide. The company has market cap of $25.37 million. It operates through two divisions, Technology and Consulting. It currently has negative earnings. It offers all-metal fuel for operating and new build reactors; all-uranium seed and blanket fuel for existing plants and new build reactors; and thorium seed and blanket fuel for existing and new build reactors.

The GEO Group, Inc. (NYSE:GEO) Ratings Chart