Ur-Energy Inc (AMEX:URG) price on current trading day, rose 1.21% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $1.25.
A look at the stock’s price movement, the level at last check in today’s session was $1.24, moving within a range at $1.24 and $1.27. The beta value (5-Year monthly) was 1.081. Turning to its 52-week performance, $2.01 and $0.96 were the 52-week high and 52-week low respectively. Overall, URG moved 5.46% over the past month.
Ur-Energy Inc’s market cap currently stands at around $456.95 million, with investors looking forward to this quarter’s earnings report slated for in January.
Analysts have a consensus estimate of 21.77M for the company’s revenue for the quarter, with a low and high estimate of 20M and 22.7M respectively. The average forecast suggests up to a 300.20% 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 32.84M, representing a 85.75% 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 50% 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 -1.04% and 0.57% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 48.35, while 7-day volatility ratio is 5.03% and 5.75% in the 30-day chart. Further, Ur-Energy Inc (URG) has a beta value of 1.11, 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 -172.0% off recent price level in today’s trading while to achieve the yearly target high, it has to move -172.0%. Nonetheless, investors will most likely welcome a -172.0% 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 3.17 over the past 10 days and 4.13 million over the past 3 months. The company’s latest data on shares outstanding shows there are 363.80 million shares.
The 7.17% of Ur-Energy Inc’s shares are in the hands of company insiders while institutional holders own 68.51% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 14.66 million on 2024-11-15, giving us a short ratio of 3.48. The data shows that as of 2024-11-15 short interest in Ur-Energy Inc (URG) stood at 407.99997999999994 of shares outstanding, with shares short falling to 18.55 million registered in 2024-10-15. Current price change has pushed the stock -18.51% 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.
