Uranium Energy Corp. (AMEX:UEC) price closed lower on Friday, September 15, dropping -0.74% below its previous close.
A look at the daily price movement shows that the last close reads $5.42, with intraday deals fluctuated between $5.25 and $5.55. The company’s 5Y monthly beta was ticking 2.03 while its P/E ratio in the trailing 12-month period read 1076.00. Taking into account the 52-week price action we note that the stock hit a 52-week high of $5.47 and 52-week low of $2.30. The stock added 46.20% on its value in the past month.
Uranium Energy Corp., which has a market valuation of $2.05 billion, is expected to release its quarterly earnings report Sep 28, 2023 – Oct 02, 2023. In this case, analysts estimate an annual EPS growth of -50.00% for the year and -300.00% for the next year.
Staying with the analyst view, there is a consensus estimate of $124.44 million for the company’s annual revenue in 2023. Per this projection, the revenue is forecast to grow 437.30% 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 UEC 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.
Here is a look at the average analyst rating for the stock as represented on a scale of 1.00 to 5.00, with the extremes of 1.00 and 5.00 suggesting the stock is strong buy or strong sell respectively. Specifically, 6 analysts have assigned UEC a recommendation rating as follows: 0 rate it as a Hold; 6 advise Buy while 0 analyst(s) assign an Overweight rating. 0 analyst(s) have tagged the Uranium Energy Corp. (UEC) stock as Underweight, with 0 recommending Sell. In general, analysts have rated the stock Buy, a scenario likely to bolster investors out for an opportunity to add to their holdings of the company’s shares.
The overview shows that UEC’s price is at present 20.65% off the SMA20 and 39.97% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 84.24, with weekly volatility standing at 5.40%. The indicator jumps to 4.90% when calculated based on the past 30 days. Uranium Energy Corp. (AMEX:UEC)’s beta value is holding at 2.01, while the average true range (ATR) indicator is currently reading 0.22. Considering analysts have assigned the stock a price target range of $6.00-$8.00 as the low and high respectively, we find the trailing 12-month average consensus price target to be $6.82. Based on this estimate, we see that current price is roughly -11.52% off the estimated low and -48.7% off the forecast high. Investors will no doubt be excited to see the share price fall to $6.70, which is the median consensus price, and at that level UEC would be -24.54% from current price.
Turning out attention to how the Uranium Energy Corp. stock has performed in comparison to its peers in the industry, here’s what we find: UEC’s stock is -0.74% on the day and 30.27% in the past 12 months, while Ur-Energy Inc. (URG) traded -2.55% in the last session and was positioned 11.68% up on its price 12 months ago. Another comparison is with Centrus Energy Corp. (LEU) whose stock price was up 1.98% in the last trading session, and has flourished 7.96% over the past year. Also, Denison Mines Corp. (DNN) showed up trend of 4.43% while its price kept floating at 18.71% 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 Uranium Energy Corp. (AMEX:UEC) stock in terms of its daily trading volume indicates that the 3-month average is 6.01 million. However, this figure increases on the past 10-day timeline to an average of 10.31 million.
Current records show that the company has 375.76M in outstanding shares. The insiders’ percentage holdings are 1.80% of outstanding shares while the percentage share held by institutions stands at 46.10%. The stats also highlight that short interest as of Aug 30, 2023, stood at 28.61 million shares, which puts the short ratio at the time at 5.12. From this we can glean that short interest is 7.57% of company’s current outstanding shares. Notably, we see that shares short in August rose slightly given the previous month’s figure stood at 27.79 million. But the 38.66% 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.