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What Are Expectations For Uranium Energy Corp. (AMEX: UEC) In The Short Term?

Uranium Energy Corp. (AMEX:UEC) traded at $3.87 at last check on Tuesday, 01/24/23, made a downward move of -0.51% on its previous day’s price.

Looking at the stock we see that its previous close was $3.89 and the beta (5Y monthly) reads 2.13 with the day’s price range being $3.82 – $3.92. The company has a trailing 12-month PE ratio of 353.64. In terms of its 52-week price range, UEC has a high of $6.60 and a low of $2.34. The company’s stock has gained about 5.42% over that past 30 days.

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Uranium Energy Corp. has a market cap of $1.40 billion and is expected to release its quarterly earnings report on Mar 15, 2023 – Mar 20, 2023. Estimates by analysts give the company expected earnings per share (EPS) of -$0.02, with the EPS growth for the year raised at -$0.04 for 2023 and $0.03 for next year. These figures represent -300.00% and 175.00% growth in EPS for the two years respectively.

According to analyst consensus estimates figures, the company’s yearly revenue forecast for 2023 is expected to hit $26.87 million, or 16.00% 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 UEC stock, short term indicators assign the stock an average of 25% Buy, while medium term indicators assign it an average of 50% Sell. Long term indicators on average place the stock in the category of Hold.

Based on estimates by 6 analysts, where scores have ranged from 1.00 for a strong buy to 5.00 for a strong sell, 0 have rated the Uranium Energy Corp. (UEC) stock as a Hold, while 6 rate it as a Buy. 0 analyst(s) rate it as overweight while 0 of them rated it as underweight, whereas 0 suggest the stock as a Sell. The stock has an overall rating of Buy and investors could take advantage and scoop up stock of the company.

Looking further, we note the current price level is 1.60% off its SMA20 and 4.32% from its 50-day simple moving average. The RSI (14) is pointing at 54.67 while the volatility over the past week is 5.39% and jumps to 4.79% over the past one month. The beta value is 2.07, while the average true range (ATR) is currently pointing at 0.19. The average price target for the stock over the next 12 months is $6.89, with the estimates having a low of $6.00 and a high of $8.25. These price ends are -55.04% and -113.18% off the today’s price level respectively, although investors could be excited at the prospect of a -75.71% if the UEC share price touches on the median price of $6.80.

Let’s briefly compare Uranium Energy Corp. (UEC) stock to its peers. We find that today’s price change of -0.51% and 42.49% over the past 12 months for UEC competes that of Ur-Energy Inc. (URG), which has seen its stock price fall -2.41% in the latest trading session and is 8.77% over the last one year. Another of its peers Centrus Energy Corp. (LEU) has dropped -2.46% today, and was -6.73% down over the past year, while Denison Mines Corp. (DNN) is also down -3.46% yet, while its price remains in the green at 21.19% over the same period. In contrast to these companies, both the S&P 500 Index and the Dow Jones Industrial are today at -1.43% and -1.17%, respectively, in early deals.

Coming back to Uranium Energy Corp. (AMEX:UEC), we note that the average 3-month trading volume was 7.75 million, while that of the preceding 10-day period stands at 5.53 million. Current shares outstanding are 369.80 million.

The insiders hold 1.80% of the company’s shares while institutions hold 46.10%. The data shows that short shares as of Oct 13, 2022, stood at 46.38 million at a short ratio of 4.79. This represents a 13.40% short interest in shares outstanding on Oct 13, 2022. Shares short fall in October from the previous month at 46.82 million. Investors should be excited about this stock as its upside potential is great, with today’s price pushing the stock 0.26% up in year-to-date price movement.

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