Ur-Energy Inc. (AMEX:URG) price on current trading day, remained unchanged to $1.21.
A look at the stock’s price movement, the close in the last trading session was $1.21, moving within a range at $1.2 and $1.2399. The beta value (5-Year monthly) was 1.095. Turning to its 52-week performance, $2.01 and $0.96 were the 52-week high and 52-week low respectively. Overall, URG moved 12.04% over the past month.
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Ur-Energy Inc.’s market cap currently stands at around $438.35 million, with investors looking forward to this quarter’s earnings report slated for in November.
Analysts have a consensus estimate of 11.07M for the company’s revenue for the quarter, with a low and high estimate of 8.6M and 14.5M respectively. The average forecast suggests up to a 92.50% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 31.91M, representing a 80.50% jump on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that URG is a Hold. On the other hand, the stock is on average a 50% Sell as suggested by medium term indicators while long term indicators are putting the stock in 100% Sell category.
1 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 0 analyst(s) rate the stock as a Hold, 1 recommend URG as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
URG’s current price about 4.58% and 7.06% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 56.29, while 7-day volatility ratio is 6.00% and 6.19% in the 30-day chart. Further, Ur-Energy Inc. (URG) has a beta value of 1.12, and an average true range (ATR) of 0.07. Analysts have given the company’s stock an average 52-week price target of $3.4, forecast between a low of $3.4 and high of $3.4. Looking at the price targets, the low is -180.99% off current price level while to achieve the yearly target high, price needs to move -180.99%. Nonetheless, investors will most likely welcome a -180.99% jump to $3.4 which is the analysts’ median price.
If we refocus on Ur-Energy Inc. (AMEX:URG), historical trading data shows that trading volumes averaged 6.97 over the past 10 days and 3.92 million over the past 3 months. The company’s latest data on shares outstanding shows there are 362.27 million shares.
The 6.49% of Ur-Energy Inc.’s shares are in the hands of company insiders while institutional holders own 53.99% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 19.06 million on 2024-09-13, giving us a short ratio of 7.12. The data shows that as of 2024-09-13 short interest in Ur-Energy Inc. (URG) stood at 533.0 of shares outstanding, with shares short rising to 18.58 million registered in 2024-08-15. Current price change has pushed the stock -21.43% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the URG stock continues to rise going into the next quarter.
