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Is Now The Right Time To Buy Ur-Energy Inc. (AMEX: URG) Stock?

Ur-Energy Inc. (AMEX:URG) traded at $1.21 at last check on Tuesday, 01/24/23, made a downward move of -2.42% on its previous day’s price.

Looking at the stock we see that its previous close was $1.24 and the beta (5Y monthly) reads 1.46 with the day’s price range being $1.24 – $1.27. In terms of its 52-week price range, URG has a high of $1.95 and a low of $0.95. The company’s stock has gained about 4.20% over that past 30 days.

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Ur-Energy Inc. has a market cap of $261.89 million and is expected to release its quarterly earnings report on Mar 07, 2023 – Mar 13, 2023. Estimates by analysts give the company expected earnings per share (EPS) of -$0.01, with the EPS growth for the year raised at -$0.07 for 2022 and -$0.01 for next year. These figures represent 41.70% and 85.70% growth in EPS for the two years respectively.

According to analyst consensus estimates figures, the company’s yearly revenue forecast for 2022 is expected to hit $4.61 million, or 28,712.50% up from figures reported last year.

There have been no upward and no downward revisions for the stock’s EPS in last 7 days, something that reflects the nature of company’s price movement in short term. On the other hand, looking at the outlook for the URG stock, short term indicators assign the stock an average of 100% Sell, while medium term indicators assign it an average of 50% Sell. Long term indicators on average place the stock in the category of 100% Sell.

Looking further, we note the current price level is 0.54% off its SMA20 and -0.66% from its 50-day simple moving average. The RSI (14) is pointing at 49.83 while the volatility over the past week is 4.62% and jumps to 4.10% over the past one month. The beta value is 1.41, while the average true range (ATR) is currently pointing at 0.05.

Let’s briefly compare Ur-Energy Inc. (URG) stock to its peers. We find that today’s price change of -2.42% and 8.77% over the past 12 months for URG competes that of Energy Fuels Inc. (UUUU), which has seen its stock price fall -3.52% in the latest trading session and is 14.33% over the last one year. Another of its peers Uranium Energy Corp. (UEC) has dropped -0.90% today, and was 42.49% up over the past year, while Centrus Energy Corp. (LEU) is also down -2.10% yet, while its price remains in the red at -6.73% over the same period. In contrast to these companies, both the S&P 500 Index and the Dow Jones Industrial are today at -1.45% and -1.08%, respectively, in early deals.

Coming back to Ur-Energy Inc. (AMEX:URG), we note that the average 3-month trading volume was 1.01 million, while that of the preceding 10-day period stands at 1.05 million. Current shares outstanding are 221.84 million.

The insiders hold 3.38% of the company’s shares while institutions hold 22.10%. The data shows that short shares as of Dec 29, 2022, stood at 7.8 million at a short ratio of 9.43. This represents a 3.50% short interest in shares outstanding on Dec 29, 2022. Shares short rose in December from the previous month at 7.59 million. Investors should be excited about this stock as its upside potential is great, with today’s price pushing the stock 7.83% up in year-to-date price movement.

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