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

Shares of U.S. Gold Corp. (NASDAQ:USAU) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $7.12 and traded as high as $10.44. U.S. Gold shares last traded at $10.27, with a volume of 528,372 shares.

Analyst Upgrades and Downgrades

USAU has been the topic of several research reports. Roth Capital raised U.S. Gold to a “strong-buy” rating in a report on Wednesday, December 18th. Roth Mkm assumed coverage on U.S. Gold in a research note on Wednesday, December 18th. They set a “buy” rating and a $10.00 price target on the stock.

U.S. Gold Stock Down 0.9 %

The company has a market capitalization of $128.23 million, a PE ratio of -10.27 and a beta of 1.48. The stock’s fifty day simple moving average is $8.44 and its 200-day simple moving average is $7.12.

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Prospera Financial Services Inc grew its stake in U.S. Gold by 3.8% during the 3rd quarter. Prospera Financial Services Inc now owns 54,500 shares of the technology company’s stock valued at $317,000 after purchasing an additional 2,000 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of U.S. Gold by 3.7% during the 3rd quarter. Geode Capital Management LLC now owns 105,496 shares of the technology company’s stock valued at $613,000 after buying an additional 3,778 shares during the last quarter. JPMorgan Chase & Co. grew its position in shares of U.S. Gold by 93.8% during the fourth quarter. JPMorgan Chase & Co. now owns 14,117 shares of the technology company’s stock worth $87,000 after buying an additional 6,831 shares in the last quarter. Quadrature Capital Ltd bought a new stake in shares of U.S. Gold in the third quarter worth $59,000. Finally, Squarepoint Ops LLC bought a new stake in shares of U.S. Gold in the fourth quarter worth $69,000. 6.64% of the stock is owned by institutional investors and hedge funds.

U.S. Gold Company Profile

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.