Analysts Provide Insight On How High Uranium Royalty Corp (UROY) Can Go

Uranium Royalty Corp (NASDAQ:UROY) concluded the trading at $2.48 on Wednesday, November 27, with a rise of 0.40% from its closing price on previous day.

Taking a look at stock we notice that its last check on previous day was $2.47 and 5Y monthly beta was reading 1.686 with its price kept floating in the range of $2.47 and $2.56 on the day. Company’s P/E ratio for the trailing 12 months is 37.58. Considering stock’s 52-week price range provides that UROY hit a high price of $3.76 and saw its price falling to a low level of $1.86 during that period. Over a period of past 1-month, stock came subtracting -13.59% in its value.

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With its current market valuation of $301.32 million, Uranium Royalty Corp is set to declare its quarterly results in December. Analysts are in estimates of 0 per share for company’s earnings in the current quarter and are expecting its annual EPS growth moving up to 0 for current year with estimates of that growing to 0 in next year.

Analysts watching the company’s growth closely have provided estimates for its revenue growth with an average revenue estimate of 11.2M. They suggested that in the process company could generate revenue of as low as 11.2M which could climb up to 11.2M to hit a high. In keeping analyst consensus estimate with, company is forecasted to be making an annual revenue of 34.95M in current fiscal year, which will be -18.15% less from revenue generated by the company last year.

In contrast, when we review UROY stock’s current outlook then short term indicators are assigning it an average of Hold, while medium term indicators are categorizing the stock at an average of 50% Buy. Long term indicators are suggesting an average of 50% Buy for it.

Digging deeper we become aware of the PEG ratio of the UROY stock which is currently positioned at 0. It further provides that stock’s current price level is -6.42% away from its 20-day simple moving average and is -6.78% off its SMA50. Its relative strength index (RSI) for 14-periods is oscillating at 40.27 while volatility remained at 4.59% over the past week which changes to 5.92% when measuring it over the past month. Beta is valued at 1.43, while measure of average true range or ATR is currently at 0.15.

Having a second look at Uranium Royalty Corp (NASDAQ:UROY) provides that stock’s average daily trading volume for 3 months was 1.86 million, while it jumped to 2155690 when we calculate an average volume for past 10 days. Number of outstanding shares of the stock stood at 120.55 million.

The percentage of outstanding shares held by the insiders is 17.26% while it is 16.47% for the institutional holders. In November the standing of shares short improved as it was 8.71 million in the previous month. Subtraction of -8.15% by stock’s current price to its year-to-date value in last trading session is likely to be increasing investors’ interest in the stock as it is hinting an extended uptrend.

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