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Things To Consider Before Buying Uranium Energy Corp. (AMEX: UEC)

Uranium Energy Corp. (AMEX:UEC) shares, rose in value on Wednesday, 05/24/23, with the stock price down by -3.58% to the previous day’s close as strong demand from buyers drove the stock to $2.69.

Actively observing the price movement in the last trading, the stock closed the session at $2.79, falling within a range of $2.64 and $2.78. The value of beta (5-year monthly) was 1.99 whereas the PE ratio was 44.83 over 12-month period. Referring to stock’s 52-week performance, its high was $4.72, and the low was $2.30. On the whole, UEC has fluctuated by 9.35% over the past month.

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With the market capitalization of Uranium Energy Corp. currently standing at about $1.00 billion, investors are eagerly awaiting this quarter’s results, scheduled for Jun 12, 2023 – Jun 16, 2023. As a result, investors might want to see an improvement 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 -$0.02 for fiscal year -$0.01 and then to about -$0.05 by fiscal year 2024. Data indicates that the EPS growth is expected to be -150.00% in 2024, while the next year’s EPS growth is forecast to be -400.00%.

Wall Street analysts also predicted that in 2024, the company’s y-o-y revenues would reach $113.95 million, representing an increase of 392.00% from the revenues reported in the last year’s results.

Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were no upward and no downward review(s) in last seven days. We see that UEC’s technical picture suggests that short-term indicators denote the stock is a 50% Sell on average. However, medium term indicators have put the stock in the category of 100% Sell while long term indicators on average have been pointing out that it is a 100% Sell.

The stock’s technical analysis shows that the PEG ratio is about 0, with the price of UEC currently trading nearly 3.62% and -2.95% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 50.70, while the 7-day volatility ratio is showing 5.25% which for the 30-day chart, stands at 5.64%. Furthermore, Uranium Energy Corp. (UEC)’s beta value is 2.00, and its average true range (ATR) is 0.15.

A comparison of Uranium Energy Corp. (UEC) with its peers suggests the former has fared considerably weaker in the market. UEC showed an intraday change of -3.58% in last session, and over the past year, it shrunk by -25.48%%. In comparison, Ur-Energy Inc. (URG) has moved lower at -4.79% on the day and was down -23.90% over the past 12 months. On the other hand, the price of Centrus Energy Corp. (LEU) has fallen -1.67% on the day. The stock, however, is off 29.13% from where it was a year ago. Additionally, there is a loss of -0.91% for Denison Mines Corp. (DNN) in last trading while the stock has seen an overall depriciation of -6.03%% over the past year. The PE ratio stands at 44.83 for Uranium Energy Corp., and 8.01 for Centrus Energy Corp. Other than that, the overall performance of the S&P 500 during the last trading session shows that it lost -0.73%. Meanwhile, the Dow Jones Industrial Slipped by -0.77%.

Data on historical trading for Uranium Energy Corp. (AMEX:UEC) indicates that the trading volumes over the past 10 days have averaged 3.31 million and over the past 3 months, they’ve averaged 6.30 million. According to company’s latest data on outstanding shares, there are 369.61 million shares outstanding.

Nearly 1.80% of Uranium Energy Corp.’s shares belong to company insiders and institutional investors own 46.10% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 42.27 million shares as on Apr 27, 2023, resulting in a short ratio of 8.47. According to the data, the short interest in Uranium Energy Corp. (UEC) stood at 11.26% of shares outstanding as of Apr 27, 2023; the number of short shares registered in Mar 30, 2023 reached 50.46 million. The stock has fallen by -30.67% 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.

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