Uranium Energy Corp (AMEX:UEC) price on Tuesday, December 24, fall -0.83% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $7.14.
A look at the stock’s price movement, the close in the last trading session was $7.20, moving within a range at $7.0423 and $7.23. The beta value (5-Year monthly) was 1.832. Turning to its 52-week performance, $8.93 and $4.06 were the 52-week high and 52-week low respectively. Overall, UEC moved -15.48% over the past month.
Uranium Energy Corp’s market cap currently stands at around $3.00 billion, with investors looking forward to this quarter’s earnings report slated for in January.
Analysts have a consensus estimate of 41.4M for the company’s revenue for the quarter, with a low and high estimate of 41.4M and 41.4M respectively. The average forecast suggests up to a 35,589.66% 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 135.43M, representing a 60,357.59% 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 UEC is a 50% Buy. On the other hand, the stock is on average a 50% Buy as suggested by medium term indicators while long term indicators are putting the stock in 100% Buy 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 UEC 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.
UEC’s current price about -9.63% and -9.32% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 40.18, while 7-day volatility ratio is 4.79% and 5.52% in the 30-day chart. Further, Uranium Energy Corp (UEC) has a beta value of 1.87, and an average true range (ATR) of 0.43. Analysts have given the company’s stock an average 52-week price target of $9.875, forecast between a low of $9.5 and high of $10.25. Looking at the price targets, the low is -33.05% off current price level while to achieve the yearly target high, price needs to move -43.56%. Nonetheless, investors will most likely welcome a -38.31% jump to $9.875 which is the analysts’ median price.
If we refocus on Uranium Energy Corp (AMEX:UEC), historical trading data shows that trading volumes averaged 6.9 over the past 10 days and 8.70 million over the past 3 months. The company’s latest data on shares outstanding shows there are 419.14 million shares.
The 2.43% of Uranium Energy Corp’s shares are in the hands of company insiders while institutional holders own 70.89% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 52.57 million on 2024-11-15, giving us a short ratio of 5.37. The data shows that as of 2024-11-15 short interest in Uranium Energy Corp (UEC) stood at 1304.0 of shares outstanding, with shares short falling to 55.04 million registered in 2024-10-15. Current price change has pushed the stock 11.72% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the UEC stock continues to rise going into the next quarter.
