Ur-Energy Inc. (AMEX:URG) price closed lower on Friday, September 15, dropping -2.55% below its previous close.
A look at the daily price movement shows that the last close reads $1.57, with intraday deals fluctuated between $1.53 and $1.62. Taking into account the 52-week price action we note that the stock hit a 52-week high of $1.58 and 52-week low of $0.82. The stock added 36.61% on its value in the past month.
Ur-Energy Inc., which has a market valuation of $413.80 million. In this case, analysts estimate an annual EPS growth of 87.50% for the year and 1,800.00% for the next year.
The average estimate suggests sales growth for the quarter will likely rise by 4,794.70% when compared to those recorded in the same quarter in the last financial year. Staying with the analyst view, there is a consensus estimate of $26.53 million for the company’s annual revenue in 2023. Per this projection, the revenue is forecast to grow 139,531.59% above that which the company brought in 2023.
Revisions to the company’s EPS highlights a short term direction of a stock’s price movement, which in the last 7 days came up with no upward and no downward reviews. On the technical perspective front, indicators give URG a short term outlook of 100% Buy on average. Looking at the stock’s medium term indicators we note that it is averaging as a 100% Buy, while an average of long term indicators are currently assigning the stock as 50% Buy.
The overview shows that URG’s price is at present 14.22% off the SMA20 and 32.57% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 75.70, with weekly volatility standing at 5.16%. The indicator jumps to 5.00% when calculated based on the past 30 days. Ur-Energy Inc. (AMEX:URG)’s beta value is holding at 1.40, while the average true range (ATR) indicator is currently reading 0.07.
Turning out attention to how the Ur-Energy Inc. stock has performed in comparison to its peers in the industry, here’s what we find: URG’s stock is -2.55% on the day and 11.68% in the past 12 months, while Energy Fuels Inc. (UUUU) traded 4.21% in the last session and was positioned 16.30% up on its price 12 months ago. Another comparison is with Uranium Energy Corp. (UEC) whose stock price was down -0.74% in the last trading session, and has flourished 30.27% over the past year. Also, Centrus Energy Corp. (LEU) showed up trend of 1.98% while its price kept floating at 7.96% over the past year. Elsewhere in the market, the S&P 500 Index has stumbled -1.22% in last trading session, with the Dow Jones Industrial also saw a negative session on the day with -0.83%.
An analysis of the Ur-Energy Inc. (AMEX:URG) stock in terms of its daily trading volume indicates that the 3-month average is 2.01 million. However, this figure increases on the past 10-day timeline to an average of 2.55 million.
Current records show that the company has 264.83M in outstanding shares. The insiders’ percentage holdings are 1.63% of outstanding shares while the percentage share held by institutions stands at 22.10%. The stats also highlight that short interest as of Aug 30, 2023, stood at 4.94 million shares, which puts the short ratio at the time at 3.3. From this we can glean that short interest is 1.86% of company’s current outstanding shares. Notably, we see that shares short in August fall slightly given the previous month’s figure stood at 5.21 million. But the 33.04% upside, the stock’s price has registered year-to-date as of last trading, will likely reignite investor interest given the prospect of it rallying even higher.