Uranium Energy Corp (AMEX:UEC) shares, rose in value, with the stock price down by -4.63% to the previous day’s close as strong demand from buyers drove the stock to $7.42.
Actively observing the price movement in the last trading, the stock closed the session at $7.78, falling within a range of $7.37 and $7.74. The value of beta (5-year monthly) was 1.851. Referring to stock’s 52-week performance, its high was $8.67, and the low was $4.06. On the whole, UEC has fluctuated by 9.12% over the past month.
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With the market capitalization of Uranium Energy Corp currently standing at about $3.05 billion, investors are eagerly awaiting this quarter’s results, scheduled for in December.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 100.65M, with a low estimate of 17.1M and a high estimate of 17.1M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 17.1M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that UEC’s technical picture suggests that short-term indicators denote the stock is a 50% Buy on average. However, medium-term indicators have put the stock in the category of Hold while long-term indicators on average have been pointing out that it is a 50% Buy.
The stock’s technical analysis shows that the price of UEC currently trading nearly -2.07% and 17.99% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 52.70, while the 7-day volatility ratio is showing 4.95% which for the 30-day chart, stands at 5.26%. Furthermore, Uranium Energy Corp (UEC)’s beta value is 1.85, and its average true range (ATR) is 0.39.
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 -4.63% in last session, and over the past year, it grew by 24.71%%.
Data on historical trading for Uranium Energy Corp (AMEX:UEC) indicates that the trading volumes over the past 10 days have averaged 8.13 and over the past 3 months, they’ve averaged 8.49 million. According to company’s latest data on outstanding shares, there are 410.36 million shares outstanding.
Nearly 2.07% of Uranium Energy Corp’s shares belong to company insiders and institutional investors own 70.80% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 55.04 million shares as on 2024-10-15, resulting in a short ratio of 6.48. According to the data, the short interest in Uranium Energy Corp (UEC) stood at 1365.00 of shares outstanding as of 2024-10-15; the number of short shares registered in 2024-09-13 reached 52.73 million. The stock has risen by 15.94% 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.
