HC Wainwright Has Lowered Expectations for Westwater Resources (NASDAQ:WWR) Stock Price

Westwater Resources (NASDAQ:WWR) had its price target decreased by investment analysts at HC Wainwright from $2.50 to $2.00 in a note issued to investors on Thursday,Benzinga reports. The firm presently has a “buy” rating on the basic materials company’s stock. HC Wainwright’s price objective points to a potential upside of 240.72% from the stock’s previous close.

Separately, Wall Street Zen started coverage on shares of Westwater Resources in a report on Wednesday, May 21st. They issued a “sell” rating on the stock.

Westwater Resources Price Performance

Shares of WWR opened at $0.59 on Thursday. The company’s 50-day moving average is $0.51 and its 200-day moving average is $0.65. The firm has a market capitalization of $44.85 million, a PE ratio of -4.52 and a beta of 1.06. Westwater Resources has a fifty-two week low of $0.45 and a fifty-two week high of $1.32.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the company. Jane Street Group LLC grew its stake 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 acquiring an additional 35,046 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in shares of Westwater Resources during the 1st quarter worth approximately $55,000. Virtu Financial LLC boosted its stake in shares of Westwater Resources by 29.1% in the fourth quarter. Virtu Financial LLC now owns 85,116 shares of the basic materials company’s stock valued at $60,000 after buying an additional 19,211 shares during the period. Renaissance Technologies LLC increased its stake in Westwater Resources by 536.3% during the 4th quarter. Renaissance Technologies LLC now owns 99,201 shares of the basic materials company’s stock worth $70,000 after acquiring an additional 83,611 shares during the period. Finally, Pinnacle Associates Ltd. lifted its position in shares of Westwater Resources by 53.0% during the 1st quarter. Pinnacle Associates Ltd. now owns 133,900 shares of the basic materials company’s stock valued at $74,000 after acquiring an additional 46,400 shares during the period. Institutional investors 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.