Uranium Energy Corp. (AMEX:UEC) price on Thursday, August 18, rose 2.19% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $3.74.
A look at the stock’s price movement, the close in the last trading session was $3.66, moving within a range at $3.62 and $3.75. The beta value (5-Year monthly) was 2.04. Turning to its 52-week performance, $6.60 and $1.94 were the 52-week high and 52-week low respectively. Overall, UEC moved 1.08% over the past month.
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Uranium Energy Corp.’s market cap currently stands at around $1.10 billion, with investors looking forward to this quarter’s earnings report slated for Dec 14, 2021. Analysts project the company’s earnings per share (EPS) to be -$0.01, which has seen fiscal year 2022 EPS growth forecast to increase to -$0.03 and about -$0.03 for fiscal year 2023.
Revisions could be used as tool to get short term price movement insight, and for the company that in the past seven days was no upward and no downward review(s). Turning to the stock’s technical picture we see that short term indicators suggest on average that UEC is a Hold. On the other hand, the stock is on average a 50% Sell as suggested by medium term indicators while long term indicators are putting the stock in 50% Sell category.
5 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 0 analyst(s) rate the stock as a Hold, 5 recommend UEC as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
UEC’s current price about -6.07% and 1.76% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 45.62, while 7-day volatility ratio is 5.82% and 6.53% in the 30-day chart. Further, Uranium Energy Corp. (UEC) has a beta value of 2.11, and an average true range (ATR) of 0.25. Analysts have given the company’s stock an average 52-week price target of $6.34, forecast between a low of $5.00 and high of $7.10. Looking at the price targets, the low is -33.69% off current price level while to achieve the yearly target high, price needs to move -89.84%. Nonetheless, investors will most likely welcome a -76.47% jump to $6.60 which is the analysts’ median price.
In the market, a comparison of Uranium Energy Corp. (UEC) and its peers suggest the former has performed considerably stronger. Data shows UEC’s intraday price has changed 2.19% in last session and 84.24% over the past year. Comparatively, Ur-Energy Inc. (URG) has moved 5.61% on the day and only -0.88% in the past 12 months. Looking at another peer, we see that Centrus Energy Corp. (LEU) price has gained 6.22% on the day. However, the stock is 68.10% off its price a year ago. Moreover, Denison Mines Corp. (DNN) is also up 1.83% in trading on the day while keeping a an uptrend of 7.77% over the past year. Elsewhere, the overall performance for the S&P 500 and Dow Jones Industrial shows that the indexes are up 0.23% and 0.06% respectively in the last trading.
If we refocus on Uranium Energy Corp. (AMEX:UEC), historical trading data shows that trading volumes averaged 7.65 million over the past 10 days and 11.16 million over the past 3 months. The company’s latest data on shares outstanding shows there are 281.67 million shares.
The 2.20% of Uranium Energy Corp.’s shares are in the hands of company insiders while institutional holders own 44.90% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 51.75 million on Jul 14, 2022, giving us a short ratio of 5.67. The data shows that as of Jul 14, 2022 short interest in Uranium Energy Corp. (UEC) stood at 18.08% of shares outstanding, with shares short rising to 46.4 million registered in Jun 14, 2022. Current price change has pushed the stock 11.64% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the UEC stock continues to rise going into the next quarter.