U.S. Gold (NASDAQ:USAU) Stock Passes Above 200 Day Moving Average – What’s Next?

U.S. Gold Corp. (NASDAQ:USAU)’s stock price crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $8.16 and traded as high as $10.55. U.S. Gold shares last traded at $10.43, with a volume of 430,961 shares traded.

Analyst Ratings Changes

Separately, Roth Capital reissued a “buy” rating on shares of U.S. Gold in a research report on Tuesday, May 6th.

U.S. Gold Trading Up 1.1%

The firm has a market capitalization of $132.39 million, a PE ratio of -10.43 and a beta of 1.51. The business has a 50-day moving average of $9.72 and a 200 day moving average of $8.16.

U.S. Gold (NASDAQ:USAU) last released its quarterly earnings results on Monday, March 17th. The technology company reported ($0.43) EPS for the quarter, missing analysts’ consensus estimates of ($0.16) by ($0.27). On average, sell-side analysts expect that U.S. Gold Corp. will post -0.95 EPS for the current fiscal year.

Institutional Investors Weigh In On U.S. Gold

Institutional investors and hedge funds have recently bought and sold shares of the stock. JPMorgan Chase & Co. raised its position in U.S. Gold by 5,775.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 7,286 shares of the technology company’s stock valued at $42,000 after buying an additional 7,162 shares during the last quarter. Bogart Wealth LLC bought a new position in U.S. Gold in the 1st quarter valued at $46,000. Squarepoint Ops LLC bought a new position in U.S. Gold in the 4th quarter valued at $69,000. Occudo Quantitative Strategies LP bought a new position in U.S. Gold in the 4th quarter valued at $73,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH bought a new position in U.S. Gold in the 4th quarter valued at $104,000. 6.64% of the stock is owned by hedge funds and other institutional investors.

About U.S. Gold

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.