Ur-Energy Inc. (AMEX:URG) shares, rose in value, with the stock price up by 1.74% to the previous day’s close as strong demand from buyers drove the stock to $1.17.
Actively observing the price movement in the last trading, the stock closed the session at $1.15, falling within a range of $1.13 and $1.17. The value of beta (5-year monthly) was 1.095. Referring to stock’s 52-week performance, its high was $2.01, and the low was $0.96. On the whole, URG has fluctuated by 0.00% over the past month.
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With the market capitalization of Ur-Energy Inc. currently standing at about $423.86 million, investors are eagerly awaiting this quarter’s results, scheduled for in November.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 31.91M, with a low estimate of 8.6M and a high estimate of 14.5M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 11.07M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that URG’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 50% 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 price of URG currently trading nearly -1.43% and 4.39% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 49.18, while the 7-day volatility ratio is showing 4.14% which for the 30-day chart, stands at 5.67%. Furthermore, Ur-Energy Inc. (URG)’s beta value is 1.13, and its average true range (ATR) is 0.06.
A comparison of Ur-Energy Inc. (URG) with its peers suggests the former has fared considerably weaker in the market. URG showed an intraday change of 1.74% in last session, and over the past year, it shrunk by -24.52%%.
Data on historical trading for Ur-Energy Inc. (AMEX:URG) indicates that the trading volumes over the past 10 days have averaged 4.99 and over the past 3 months, they’ve averaged 3.98 million. According to company’s latest data on outstanding shares, there are 362.27 million shares outstanding.
Nearly 6.52% of Ur-Energy Inc.’s shares belong to company insiders and institutional investors own 54.03% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 18.8 million shares as on 2024-09-30, resulting in a short ratio of 3.9. According to the data, the short interest in Ur-Energy Inc. (URG) stood at 526.00 of shares outstanding as of 2024-09-30; the number of short shares registered in 2024-08-30 reached 19.22 million. The stock has fallen by -24.03% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the URG stock heading into the next quarter.
