Uranium Energy Corp. (NYSE:UEC) shares, dropped in value on Thursday, Apr 29, with the stock price down by -0.82% to the previous day’s close as weak demand from buyers trailed the stock to $3.02.
Actively observing the price movement in the recent trading, the stock is buoying the session at $3.04, falling within a range of $2.9599 and $3.1500. The value of beta (5-year monthly) is 2.44 whereas the PE ratio is 0 over 12-month period. Referring to stock’s 52-week performance, its high was $3.67, and the low was $0.82. On the whole, UEC has fluctuated by 4.11% over the past month.
With the market capitalization of Uranium Energy Corp. currently standing at about $661.72 Million, investors are eagerly awaiting this quarter’s results, scheduled for Jun 2021. The company’s Forward Dividend Ratio is 0, with its dividend yield at 0%. As a result, investors may see a weakening in the stock’s price before the company announces its earnings report. Analysts are projecting the company’s earnings per share (EPS) to be -$0.02, which is expected to increase to -$0.08 for fiscal year 2021 and then to about $0.01 by fiscal year 2022. Data indicates that the EPS growth is expected to be -0.13% in 2021, while the next year’s EPS growth is forecast to be -1.14%.
We see that UEC’s technical picture suggests that short-term indicators denote the stock is a 100% Buy on average. However, medium term indicators have put the stock in the category of 100% Buy while long term indicators on average have been pointing out that it is a 100% Buy.
5 analyst(s) have assigned their ratings of the stock’s forecast evaluation on a scale of 1.00-5.00 to indicate a strong buy to a strong sell recommendation. The stock is rated as a Hold by none analyst(s), 5 recommend it as a Buy and no body called the UEC stock Outperform. In the meantime, none analyst(s) believe the stock as Underperform and none think it is a Sell. Thus, investors eager to increase their holdings of the company’s stock will have an opportunity to do so as the average rating for the stock is Buy.
The stock’s technical analysis shows that the PEG ratio is about 0, with the price of UEC currently trading nearly 2.99% and 13.08% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 56.09, while the 7-day volatility ratio is showing 6.38% which for the 30-day chart, stands at 8.49%. Furthermore, Uranium Energy Corp. (UEC)’s beta value is 2.44, and its average true range (ATR) is 0.24. The company’s stock has been forecasted to trade at an average price of $3.58 over the course of the next 52 weeks, with a low of $1.75 and a high of $5. Based on these price targets, the low is -42.05 off current price, whereas the price has to move +65.56% to reach the yearly target high. Additionally, analysts’ median price of $3.75 is likely to be welcomed by investors because it represents an increase of +24.17% from the current levels.
A comparison of Uranium Energy Corp. (UEC) with its peers suggests the former has fared considerably better in the market. UEC showed an intraday change of -0.82% in today’s session so far, and over the past year, it grew by +173.87%. In comparison, Bhp Billiton Ltd (BHP) has moved lower at -1.56% today and is up +89.61% over the past 12 months. On the other hand, the price of Rio Tinto Plc (RIO) has fallen -0.38% today. The stock, however, is off 88.41% from where it was a year ago. Additionally, there is a decline of -82% for Bhp Billiton Plc (BBL) in recent trading while the stock has seen an overall apprecation of 173.87% over the past year. The PE ratio stands at 0 for Uranium Energy Corp., compared to 27.56 for Bhp Billiton Ltd, and 14.6 for Rio Tinto Plc. Other than that, the overall performance of the S&P 500 during the today’s session so far shows that it gained 0.25%. Meanwhile, the Dow Jones Industrial improved by 0.09%.
Data on historical trading for Uranium Energy Corp. (NYSE:UEC) indicates that the trading volumes over the past 10 days have averaged 4.69 Million and over the past 3 months, they’ve averaged 7.11 Million. According to company’s latest data on outstanding shares, there are 230.52 Million shares outstanding.
Nearly 1.92% of Uranium Energy Corp.’s shares belong to company insiders and institutional investors own 24.59% of the company’s shares, according to Thomson Reuters’ data. The data on short interest also indicates that stock shorts accounted for 17.3 Million shares as on April 14, 2021, resulting in a short ratio of 1.79. According to the data, the short interest in Uranium Energy Corp. (UEC) stood at 7.51% of shares outstanding as of April 14, 2021; the number of short shares registered in March reached 17.23 Million. The stock has risen by +72.73% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the UEC stock heading into the next quarter.