Finance

Should You Invest in U.S. Gold Corp. (USAU)? A Look at the Insider Trends

Recent insider trends for U.S. Gold Corp. (NASDAQ:USAU) have caught the attention of investors. Analysts study insider data to get a sense of sense of what key shareholders think about the outlook for a particular stock. In the case of USAU, the data has some interesting implications for where the stock might be headed.

Institutions own 01.50% of U.S. Gold Corp. (USAU)’s shares. The total value of these holdings, in millions, is $0. Among active positions in the latest quarter, 4 holders increased their positions by a total of 173259 shares, 1 holders decreased the positions by a total of 25247 shares, and 2 holders held their positions. This works out to a net increase in ownership of 148012 shares, and suggests that institutions are feeling bullish about the stock.

Among new and sold out positions, 3 holders initiated new positions by a total of 12097 shares and 1 holders exited their positions by a total of 25247 shares. This nets out to a decrease of 13150 shares and is another bearish sign for USAU.

Insider ownership increased by a total of 0 shares, which suggests that USAU’s key executives are feeling more optimistic about the outlook for the stock. The data from the past twelve months tells a similar story: ownership increased by a net of 0 shares.



Short interest, or the number of a stock’s tradable shares currently being shorted, is another metric investors use to get a pulse on sentiment. U.S. Gold Corp. (NASDAQ:USAU)’s short interest is 847400 shares, or % of the float. This represents an increase of 20% in the number of shares being shorted compared to the previous reading, and implies that investors felt more pessimistic about the stock during the past two weeks.

Given what the insider ownership patterns are saying, it makes sense to consider the technicals to see if these pieces of information reach the same conclusion about the outlook for USAU. A composite of 13 technical indicators that includes measures such as moving averages and momentum oscillators suggests that USAU is a Strong buy, which implies that USAU is expected to outperform the market based on prior trading patterns.

Conclusion




Institutional ownership trends suggest that the stock is cheap and the insider trading data indicates that insiders are bullish. Technical indicators (also) suggest that U.S. Gold Corp. (NASDAQ:USAU) is undervalued.

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