enCore Energy (EU)
Market Price (5/13/2026): $1.64 | Market Cap: $307.1 MilSector: Energy | Industry: Coal & Consumable Fuels
enCore Energy (EU)
Market Price (5/13/2026): $1.64Market Cap: $307.1 MilSector: EnergyIndustry: Coal & Consumable Fuels
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
Valuation becoming less expensiveP/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -32% Megatrend and thematic driversMegatrends include US Energy Independence, Energy Transition & Decarbonization, and Datacenter Power. Themes include US Nuclear Fuel Supply, Show more. | Weak multi-year price returns2Y Excs Rtn is -109%, 3Y Excs Rtn is -106% Meaningful short interestShort Interest Days-to-CoverDTC = (Short Interest Share Quantity) / (Average Daily Trading Volume). Reflects how many days it would take to cover (close out) the short interest based on average volumes. High DTC can signify an increased risk of a short squeeze. is 10.96, Short Interest % of Basic SharesShort Interest % of Basic Shares = (Short Interest Quantity) / (Basic Shares Outstanding). A high fraction of short interest can indicate potential risk of a short squeeze. is 12% | Not profitable at operating income levelOp Inc LTMOperating Income, Last Twelve Months is -66 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -152% Weak revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is -26%, Rev Chg QQuarterly Revenue Change % is -7.4% Not cash flow generativeCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -58%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -107% Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -23% Key risksEU key risks include [1] a disclosed material weakness in its financial reporting, Show more. |
| Valuation becoming less expensiveP/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -32% |
| Megatrend and thematic driversMegatrends include US Energy Independence, Energy Transition & Decarbonization, and Datacenter Power. Themes include US Nuclear Fuel Supply, Show more. |
| Weak multi-year price returns2Y Excs Rtn is -109%, 3Y Excs Rtn is -106% |
| Meaningful short interestShort Interest Days-to-CoverDTC = (Short Interest Share Quantity) / (Average Daily Trading Volume). Reflects how many days it would take to cover (close out) the short interest based on average volumes. High DTC can signify an increased risk of a short squeeze. is 10.96, Short Interest % of Basic SharesShort Interest % of Basic Shares = (Short Interest Quantity) / (Basic Shares Outstanding). A high fraction of short interest can indicate potential risk of a short squeeze. is 12% |
| Not profitable at operating income levelOp Inc LTMOperating Income, Last Twelve Months is -66 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -152% |
| Weak revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is -26%, Rev Chg QQuarterly Revenue Change % is -7.4% |
| Not cash flow generativeCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -58%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -107% |
| Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -23% |
| Key risksEU key risks include [1] a disclosed material weakness in its financial reporting, Show more. |
Qualitative Assessment
AI Analysis | Feedback
1. EnCore Energy reported a significant net loss and revenue decline in its Q4 2025 earnings. The company posted a net loss of -$21.5 million in Q4 2025, a 352.0% quarter-over-quarter decrease. For the full year 2025, enCore Energy's revenue decreased by 26.02% to $43.16 million, with overall losses of -$56.86 million. This poor financial performance likely contributed to investor concern.
2. Volatility and a subsequent decline in uranium spot prices impacted the stock. After surging to over $100 per pound in January 2026, uranium spot prices experienced a sharp selloff in February and March due to geopolitical instability, specifically the war in Iran impacting shipments through the Strait of Hormuz. The price tumbled to $85.50 per pound by February 5, a 15.91% drop from its January high, and was $83.90 by the end of Q1 2026. By late April, the spot price was $86.35, still lower than the $94.28 at the end of January.
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Stock Movement Drivers
Fundamental Drivers
The -48.1% change in EU stock from 1/31/2026 to 5/12/2026 was primarily driven by a -47.0% change in the company's P/S Multiple.| (LTM values as of) | 1312026 | 5122026 | Change |
|---|---|---|---|
| Stock Price ($) | 3.18 | 1.65 | -48.1% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 44 | 43 | -2.2% |
| P/S Multiple | 13.5 | 7.2 | -47.0% |
| Shares Outstanding (Mil) | 187 | 187 | 0.1% |
| Cumulative Contribution | -48.1% |
Market Drivers
1/31/2026 to 5/12/2026| Return | Correlation | |
|---|---|---|
| EU | -48.1% | |
| Market (SPY) | 7.0% | 41.0% |
| Sector (XLE) | 13.5% | -6.4% |
Fundamental Drivers
The -46.6% change in EU stock from 10/31/2025 to 5/12/2026 was primarily driven by a -44.8% change in the company's P/S Multiple.| (LTM values as of) | 10312025 | 5122026 | Change |
|---|---|---|---|
| Stock Price ($) | 3.09 | 1.65 | -46.6% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 45 | 43 | -3.1% |
| P/S Multiple | 13.0 | 7.2 | -44.8% |
| Shares Outstanding (Mil) | 187 | 187 | -0.2% |
| Cumulative Contribution | -46.6% |
Market Drivers
10/31/2025 to 5/12/2026| Return | Correlation | |
|---|---|---|
| EU | -46.6% | |
| Market (SPY) | 8.8% | 40.2% |
| Sector (XLE) | 32.6% | 5.1% |
Fundamental Drivers
The 9.3% change in EU stock from 4/30/2025 to 5/12/2026 was primarily driven by a 48.7% change in the company's P/S Multiple.| (LTM values as of) | 4302025 | 5122026 | Change |
|---|---|---|---|
| Stock Price ($) | 1.51 | 1.65 | 9.3% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 58 | 43 | -26.0% |
| P/S Multiple | 4.8 | 7.2 | 48.7% |
| Shares Outstanding (Mil) | 186 | 187 | -0.7% |
| Cumulative Contribution | 9.3% |
Market Drivers
4/30/2025 to 5/12/2026| Return | Correlation | |
|---|---|---|
| EU | 9.3% | |
| Market (SPY) | 34.6% | 31.8% |
| Sector (XLE) | 47.6% | 4.1% |
Fundamental Drivers
The -22.9% change in EU stock from 4/30/2023 to 5/12/2026 was primarily driven by a -86.9% change in the company's P/S Multiple.| (LTM values as of) | 4302023 | 5122026 | Change |
|---|---|---|---|
| Stock Price ($) | 2.14 | 1.65 | -22.9% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 4 | 43 | 916.6% |
| P/S Multiple | 54.5 | 7.2 | -86.9% |
| Shares Outstanding (Mil) | 108 | 187 | -42.3% |
| Cumulative Contribution | -22.9% |
Market Drivers
4/30/2023 to 5/12/2026| Return | Correlation | |
|---|---|---|
| EU | -22.9% | |
| Market (SPY) | 84.4% | 33.8% |
| Sector (XLE) | 49.1% | 19.0% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| EU Return | 0% | 0% | 3842% | -13% | -27% | -33% | 1575% |
| Peers Return | 79% | -4% | 52% | -6% | 81% | 40% | 524% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 8% | 97% |
Monthly Win Rates [3] | |||||||
| EU Win Rate | 0% | 0% | 67% | 42% | 33% | 40% | |
| Peers Win Rate | 60% | 43% | 58% | 53% | 68% | 60% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 60% | |
Max Drawdowns [4] | |||||||
| EU Max Drawdown | 0% | 0% | 0% | -21% | -66% | -33% | |
| Peers Max Drawdown | -7% | -26% | -21% | -29% | -38% | -1% | |
| S&P 500 Max Drawdown | -1% | -25% | -1% | -2% | -15% | -7% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: UEC, UUUU, URG, CCJ, DNN.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 5/12/2026 (YTD)
How Low Can It Go
| Event | EU | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -57.8% | -18.8% |
| % Gain to Breakeven | 137.1% | 23.1% |
| Time to Breakeven | 87 days | 79 days |
| 2024 Yen Carry Trade Unwind | ||
| % Loss | -28.6% | -7.8% |
| % Gain to Breakeven | 40.1% | 8.5% |
| Time to Breakeven | 72 days | 18 days |
| Summer-Fall 2023 Five Percent Yield Shock | ||
| % Loss | -10.2% | -9.5% |
| % Gain to Breakeven | 11.4% | 10.5% |
| Time to Breakeven | 5 days | 24 days |
| 2023 SVB Regional Banking Crisis | ||
| % Loss | -20.4% | -6.7% |
| % Gain to Breakeven | 25.7% | 7.1% |
| Time to Breakeven | 56 days | 31 days |
| 2020 COVID-19 Crash | ||
| % Loss | -44.7% | -33.7% |
| % Gain to Breakeven | 80.9% | 50.9% |
| Time to Breakeven | 14 days | 140 days |
| 2013 Taper Tantrum | ||
| % Loss | -42.9% | -0.2% |
| % Gain to Breakeven | 75.0% | 0.2% |
| Time to Breakeven | 54 days | 1 days |
In The Past
enCore Energy's stock fell -57.8% during the 2025 US Tariff Shock. Such a loss loss requires a 137.1% gain to breakeven.
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| Event | EU | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -57.8% | -18.8% |
| % Gain to Breakeven | 137.1% | 23.1% |
| Time to Breakeven | 87 days | 79 days |
| 2024 Yen Carry Trade Unwind | ||
| % Loss | -28.6% | -7.8% |
| % Gain to Breakeven | 40.1% | 8.5% |
| Time to Breakeven | 72 days | 18 days |
| 2023 SVB Regional Banking Crisis | ||
| % Loss | -20.4% | -6.7% |
| % Gain to Breakeven | 25.7% | 7.1% |
| Time to Breakeven | 56 days | 31 days |
| 2020 COVID-19 Crash | ||
| % Loss | -44.7% | -33.7% |
| % Gain to Breakeven | 80.9% | 50.9% |
| Time to Breakeven | 14 days | 140 days |
| 2013 Taper Tantrum | ||
| % Loss | -42.9% | -0.2% |
| % Gain to Breakeven | 75.0% | 0.2% |
| Time to Breakeven | 54 days | 1 days |
| 2011 US Debt Ceiling Crisis & European Contagion | ||
| % Loss | -40.8% | -17.9% |
| % Gain to Breakeven | 68.9% | 21.8% |
| Time to Breakeven | 4116 days | 123 days |
In The Past
enCore Energy's stock fell -57.8% during the 2025 US Tariff Shock. Such a loss loss requires a 137.1% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
About enCore Energy (EU)
AI Analysis | Feedback
Here are 1-3 brief analogies for enCore Energy:
- Think of them as the ExxonMobil (XOM) or Chevron (CVX) of U.S. uranium mining.
- They're like Albemarle (ALB) for lithium, but for uranium fuel for U.S. nuclear power.
AI Analysis | Feedback
- Uranium Production: enCore Energy produces uranium concentrate (U3O8) through in-situ recovery (ISR) methods, primarily for use as fuel in nuclear power plants.
- Uranium Project Development: The company develops and advances its portfolio of uranium projects, from exploration and resource definition to feasibility and eventual production.
AI Analysis | Feedback
enCore Energy (EU) produces uranium concentrate (U3O8) and sells its product primarily to other companies within the nuclear fuel cycle, rather than directly to individuals. While the company typically does not disclose the specific names of its individual customers due to confidentiality agreements, its major customers generally fall into the following categories:
- Nuclear Utility Companies: These are companies that operate nuclear power plants and require uranium to fuel their reactors. enCore Energy has publicly stated that it has entered into long-term sales contracts with leading U.S. nuclear utilities.
- Nuclear Fuel Cycle Companies: This category encompasses companies involved in the various stages of processing uranium, including conversion, enrichment, and fuel fabrication, before it is ready for use in power plants.
- Uranium Traders and Brokers: Companies that facilitate transactions in the global uranium market, acquiring uranium from producers and supplying it to end-users or other intermediaries.
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Robert Willette, Chief Executive Officer
Mr. Willette was formally appointed Chief Executive Officer of enCore Energy in September 2025, after serving as Acting Chief Executive Officer since March 2025. He brings over 20 years of executive leadership experience across the energy, manufacturing, and industrial sectors. Prior to his CEO role, he served as enCore's Chief Legal Officer. Previously, Mr. Willette was Chief Legal Officer, Chief Compliance Officer, and Corporate Secretary for ProFrac Holding Company, a publicly traded oil and gas services and technology company. His expertise includes corporate law, sophisticated commercial transactions, securities, capital market transactions, mergers and acquisitions (M&As), and divestitures.
Kevin Kremke, Chief Financial Officer
Mr. Kremke was appointed Chief Financial Officer of enCore Energy, effective October 1, 2025. He is described as a seasoned finance executive with deep expertise in corporate finance, M&A, capital markets, and operational leadership. Mr. Kremke has held CFO roles in both large publicly traded and private equity-backed companies, guiding organizations through rapid expansion, restructuring, and complex capital-raising initiatives. His experience spans the oil and gas, electric power, and energy transition industries.
Dain McCoig, Chief Operating Officer
Mr. McCoig serves as the Chief Operating Officer of enCore Energy. Under his leadership, uranium extraction rates at the Alta Mesa facility more than doubled since March 2025, reaching 80,346 pounds in June 2025.
William M. Sheriff, Executive Chairman
Mr. Sheriff is the Executive Chairman of enCore Energy. He has been involved in significant company announcements, including the appointment of Robert Willette as CEO and Kevin Kremke as CFO, expressing pleasure on behalf of the Board of Directors.
AI Analysis | Feedback
The key risks to enCore Energy's business are:- Weak Internal Controls over Financial Reporting and Financial Misstatements: enCore Energy has faced a class-action lawsuit alleging that the company issued misleading statements and lacked effective internal controls over financial reporting. These issues, including the inability to capitalize certain exploratory and development costs under U.S. GAAP, reportedly led to a substantial increase in net losses for fiscal year 2024. The financial turmoil coincided with a leadership shake-up, and the company's stock price plummeted by more than 46% following these revelations.
- Ongoing Net Losses and Shareholder Dilution: The company has consistently posted annual losses over the last decade, as it is in the early phases of development and production. To finance its operations and development, enCore Energy has had to issue new shares on a regular basis, which has led to extensive dilution for existing shareholders.
- Execution Risks on Future Projects and Operational Challenges: While enCore Energy's Alta Mesa project in Texas is considered mature with lower execution risk, its other seven projects are anticipated to come online between 2026 and 2030 and carry significant execution risk. Operational challenges inherent to In-Situ Recovery (ISR) operations also include wellfield performance variability, geological heterogeneity, and long-dated restoration liabilities that can exceed initial estimates.
AI Analysis | Feedback
nullAI Analysis | Feedback
enCore Energy (symbol: EU) operates primarily in the uranium mining and production sector, focusing on the extraction of uranium concentrates, also known as yellowcake, through In-Situ Recovery (ISR) methods.
The addressable markets for enCore Energy's main product are the global uranium market and, more specifically, the North American uranium mining market and the global In-Situ Recovery (ISR) uranium market.
Global Uranium Market
The global uranium market was valued at approximately USD 9.3 billion in 2024. It is projected to grow to approximately USD 13.59 billion by 2032, exhibiting a Compound Annual Growth Rate (CAGR) of about 4.9% from 2025 to 2032. Other estimates place the global uranium market size at USD 15.57 billion in 2024, with a projection to reach USD 21.78 billion by 2033 at a CAGR of 3.8% from 2026–2033.
North America Uranium Mining Market
The North America uranium mining market was valued at approximately USD 3419.28 million (USD 3.42 billion) in 2024. This market is expected to grow to an estimated USD 4490.3 million (USD 4.49 billion) by 2031, with a CAGR of 2.7% from 2024 to 2031. North America held a significant share, accounting for more than 40% of the global uranium mining revenue in 2024 and dominated the overall uranium market with a 55% share in 2023.
Global In-Situ Recovery (ISR) Uranium Market
The global uranium In-Situ Recovery (ISR) market size was estimated at USD 5 billion in 2023. This market is projected to experience a CAGR of approximately 4% between 2023 and 2030. Another estimate indicates the global uranium ISR market was valued at USD 0.89 billion in 2025 and is expected to grow steadily with a CAGR of 5.5%. ISR is a dominant extraction method, accounting for over 55% of global uranium production.
AI Analysis | Feedback
Here are 3-5 expected drivers of future revenue growth for enCore Energy (symbol: EU) over the next 2-3 years:
- Increased Production from the Alta Mesa Project: The Alta Mesa project in Texas is a significant driver of future revenue, with expectations for total revenue to double by 2026 and grow over 20% annually through 2029. The Alta Mesa Central Processing Plant began production in Q2 2024 and has a design capacity of 2 million pounds of uranium annually. Continuous wellfield expansion at Alta Mesa is projected to steadily increase production through 2025 and beyond.
- Development and Expansion of Additional Uranium Projects: Beyond Alta Mesa, enCore Energy is advancing several other projects. The Rosita Central Processing Plant in South Texas is also operational. The Dewey Burdock project in South Dakota is moving through permitting and development, with construction anticipated to begin within the next 18 months, supported by its inclusion in the federal FAST-41 program for expedited approvals. Additionally, the Upper Spring Creek satellite facility is under construction to enhance operational flexibility and boost future uranium production.
- Favorable Uranium Market and Rising Spot Prices: A resurgence in nuclear energy and strong global uranium demand, coupled with a substantial supply deficit in the U.S., creates a positive market environment for enCore Energy. The company is well-positioned to capitalize on rising uranium spot prices, as less than 38% of its planned output is currently under contract through 2033. U.S. government policies, such as the ban on Russian uranium imports and initiatives to support domestic enrichment, further bolster demand for U.S. producers like enCore.
- Strategic Uranium Contracting Strategy: enCore Energy employs a contracting strategy designed to secure a foundational revenue stream while also allowing significant exposure to potential upside from increased uranium prices. The company utilizes a mix of base-escalated, un-hedged spot, and collared contracts, which enables it to benefit from a rising price environment while maintaining revenue stability.
AI Analysis | Feedback
Share Issuance
- In February 2026, the exercise of approximately 6.6 million warrants generated about $18.1 million in cash for enCore Energy.
- The company has experienced shareholder dilution as it has operated at a loss during its asset development phases.
- Institutional investors, such as Van Eck Associates Corp. and Sprott Funds Trust, hold significant and increasing stakes in the company, implying prior share issuances.
Inbound Investments
- Approximately $18.1 million in cash was received in February 2026 from the exercise of 6.6 million warrants, strengthening enCore's financial position.
- MMCAP International Inc. SPC increased its stake in enCore Energy by 13.0% in Q3 2025, acquiring shares valued at $13.86 million.
- enCore Energy was issued 50,000,000 non-voting preferred shares of Verdera Energy Corp. pursuant to a Share Purchase Agreement dated March 17, 2025.
Outbound Investments
- enCore Energy formed a joint venture with Boss Energy Ltd. to develop and operate the Alta Mesa project.
Capital Expenditures
- Capital expenditures for fiscal year 2024 amounted to $11.3 million, marking a 46.86% increase from the previous year.
- The company's capital expenditures soared by 583.41% in 2023.
- Capital expenditures are primarily focused on developing and starting up uranium recovery operations, including the Rosita Central Processing Plant (operational November 2023) and the Alta Mesa Central Processing Plant (operational June 2024), and continuing construction of the Upper Spring Creek satellite facility. Construction is also expected to begin at the Dewey Burdock project within 18 months after receiving remaining approvals.
Latest Trefis Analyses
| Title | Date | |
|---|---|---|
| DASHBOARDS | ||
| enCore Energy Earnings Notes | 12/16/2025 | |
| Can enCore Energy Stock Hold Up When Markets Turn? | 10/17/2025 |
| Title | |
|---|---|
| ARTICLES |
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Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 9.60 |
| Mkt Cap | 4.2 |
| Rev LTM | 37 |
| Op Inc LTM | -80 |
| FCF LTM | -106 |
| FCF 3Y Avg | -66 |
| CFO LTM | -62 |
| CFO 3Y Avg | -46 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | -0.1% |
| Rev Chg 3Y Avg | 31.8% |
| Rev Chg Q | 4.4% |
| QoQ Delta Rev Chg LTM | 1.3% |
| Op Inc Chg LTM | -26.6% |
| Op Inc Chg 3Y Avg | -44.5% |
| Op Mgn LTM | -194.8% |
| Op Mgn 3Y Avg | -186.2% |
| QoQ Delta Op Mgn LTM | 0.9% |
| CFO/Rev LTM | -137.0% |
| CFO/Rev 3Y Avg | -150.3% |
| FCF/Rev LTM | -220.9% |
| FCF/Rev 3Y Avg | -198.4% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 4.2 |
| P/S | 41.9 |
| P/Op Inc | -24.4 |
| P/EBIT | -12.4 |
| P/E | -11.7 |
| P/CFO | -30.6 |
| Total Yield | -4.0% |
| Dividend Yield | 0.0% |
| FCF Yield 3Y Avg | -4.9% |
| D/E | 0.1 |
| Net D/E | -0.0 |
Returns
| Median | |
|---|---|
| Name | |
| 1M Rtn | 8.9% |
| 3M Rtn | -4.2% |
| 6M Rtn | 30.2% |
| 12M Rtn | 154.6% |
| 3Y Rtn | 240.8% |
| 1M Excs Rtn | -3.3% |
| 3M Excs Rtn | -10.8% |
| 6M Excs Rtn | 20.5% |
| 12M Excs Rtn | 125.3% |
| 3Y Excs Rtn | 171.4% |
Price Behavior
| Market Price | $1.65 | |
| Market Cap ($ Bil) | 0.3 | |
| First Trading Date | 01/11/2011 | |
| Distance from 52W High | -59.5% | |
| 50 Days | 200 Days | |
| DMA Price | $1.91 | $2.57 |
| DMA Trend | down | down |
| Distance from DMA | -13.6% | -35.9% |
| 3M | 1YR | |
| Volatility | 70.0% | 80.2% |
| Downside Capture | 326.75 | 297.94 |
| Upside Capture | 42.94 | 204.09 |
| Correlation (SPY) | 39.6% | 31.6% |
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 2.67 | 2.02 | 2.02 | 2.24 | 2.05 | 1.60 |
| Up Beta | 1.71 | 2.75 | 3.01 | 2.57 | 2.46 | 1.36 |
| Down Beta | 12.16 | -0.07 | 0.50 | 1.60 | 0.56 | 1.50 |
| Up Capture | 239% | 95% | 58% | 185% | 392% | 571% |
| Bmk +ve Days | 15 | 22 | 31 | 66 | 141 | 428 |
| Stock +ve Days | 11 | 19 | 27 | 58 | 123 | 349 |
| Down Capture | 1042% | 303% | 282% | 218% | 179% | 112% |
| Bmk -ve Days | 4 | 18 | 30 | 56 | 108 | 321 |
| Stock -ve Days | 10 | 23 | 34 | 63 | 116 | 377 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with EU | |
|---|---|---|---|---|
| EU | -3.3% | 80.2% | 0.30 | - |
| Sector ETF (XLE) | 44.4% | 20.2% | 1.71 | 3.1% |
| Equity (SPY) | 32.5% | 12.4% | 1.98 | 31.7% |
| Gold (GLD) | 41.3% | 26.9% | 1.26 | 30.7% |
| Commodities (DBC) | 50.3% | 18.5% | 2.06 | 6.8% |
| Real Estate (VNQ) | 12.8% | 13.5% | 0.65 | 5.7% |
| Bitcoin (BTCUSD) | -21.0% | 41.7% | -0.46 | 19.9% |
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Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with EU | |
|---|---|---|---|---|
| EU | -9.6% | 69.9% | 0.09 | - |
| Sector ETF (XLE) | 21.5% | 26.1% | 0.74 | 17.8% |
| Equity (SPY) | 13.7% | 17.1% | 0.63 | 33.9% |
| Gold (GLD) | 21.0% | 17.9% | 0.95 | 22.3% |
| Commodities (DBC) | 2.4% | 18.2% | 0.03 | 15.7% |
| Real Estate (VNQ) | 3.9% | 18.8% | 0.11 | 13.0% |
| Bitcoin (BTCUSD) | 7.2% | 55.9% | 0.34 | 12.2% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with EU | |
|---|---|---|---|---|
| EU | -1.1% | 82.4% | 0.34 | - |
| Sector ETF (XLE) | 10.1% | 29.5% | 0.38 | 16.9% |
| Equity (SPY) | 15.5% | 17.9% | 0.74 | 24.8% |
| Gold (GLD) | 13.4% | 15.9% | 0.70 | 15.6% |
| Commodities (DBC) | 1.2% | 18.2% | 0.03 | 15.7% |
| Real Estate (VNQ) | 5.6% | 20.7% | 0.24 | 13.8% |
| Bitcoin (BTCUSD) | 68.2% | 66.8% | 1.07 | 6.5% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Returns Analyses
Earnings Returns History
Expand for More| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 3/9/2026 | 2.1% | 6.8% | -5.2% |
| 11/12/2025 | 1.1% | -6.4% | 0.4% |
| 8/11/2025 | 1.5% | 2.6% | -13.9% |
| 5/12/2025 | -2.8% | -9.1% | 19.9% |
| 3/3/2025 | -46.4% | -36.1% | -45.6% |
| SUMMARY STATS | |||
| # Positive | 3 | 2 | 2 |
| # Negative | 2 | 3 | 3 |
| Median Positive | 1.5% | 4.7% | 10.1% |
| Median Negative | -24.6% | -9.1% | -13.9% |
| Max Positive | 2.1% | 6.8% | 19.9% |
| Max Negative | -46.4% | -36.1% | -45.6% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 12/31/2025 | 03/31/2026 | 10-K |
| 09/30/2025 | 11/10/2025 | 10-Q |
| 06/30/2025 | 08/11/2025 | 10-Q |
| 03/31/2025 | 05/12/2025 | 10-Q |
| 12/31/2024 | 03/03/2025 | 10-K |
| 09/30/2024 | 11/14/2024 | 6-K |
| 06/30/2024 | 08/14/2024 | 6-K |
| 03/31/2024 | 05/13/2024 | 6-K |
| 12/31/2023 | 03/28/2024 | 40-F |
| 09/30/2023 | 11/14/2023 | 6-K |
| 06/30/2023 | 08/15/2023 | 6-K |
| 03/31/2023 | 05/15/2023 | 6-K |
Insider Activity
Expand for More| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Sheriff, William M | See Remarks | Direct | Sell | 2102026 | 2.80 | 12,000 | 33,600 | 6,199,354 | Form |
| 2 | Sheriff, William M | See Remarks | Direct | Sell | 2102026 | 2.72 | 12,000 | 32,640 | 6,054,870 | Form |
| 3 | Sheriff, William M | See Remarks | Spouse. | Sell | 1092026 | 2.81 | 10,000 | 28,100 | 8,082 | Form |
| 4 | Sheriff, William M | See Remarks | Direct | Sell | 1062026 | 2.72 | 24,000 | 65,280 | 6,087,510 | Form |
| 5 | Sheriff, William M | See Remarks | Spouse. | Sell | 1062026 | 2.68 | 18,500 | 49,558 | 34,492 | Form |
Industry Resources
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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