enCore Energy Corp (NASDAQ:EU) price on Thursday, January 16, fall -2.96% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $3.28.
A look at the stock’s price movement, the close in the last trading session was $3.38, moving within a range at $3.235 and $3.42. The beta value (5-Year monthly) was 1.191. Turning to its 52-week performance, $5.05 and $3.02 were the 52-week high and 52-week low respectively. Overall, EU moved 1.86% over the past month.
enCore Energy Corp’s market cap currently stands at around $607.92 million, with investors looking forward to this quarter’s earnings report slated for in February.
Analysts have a consensus estimate of 20.09M for the company’s revenue for the quarter, with a low and high estimate of 20.09M and 20.09M respectively.
Turning to the stock’s technical picture we see that short term indicators suggest on average that EU is a 100% Sell. On the other hand, the stock is on average a 100% Sell as suggested by medium term indicators while long term indicators are putting the stock in 100% 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 EU 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.
EU’s current price about -3.91% and -7.52% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 41.19, while 7-day volatility ratio is 4.96% and 5.33% in the 30-day chart. Further, enCore Energy Corp (EU) has a beta value of 1.35, and an average true range (ATR) of 0.18. Analysts have given the company’s stock an average 52-week price target of $7, forecast between a low of $7 and high of $7. Looking at the price targets, the low is -113.41% off current price level while to achieve the yearly target high, price needs to move -113.41%. Nonetheless, investors will most likely welcome a -113.41% jump to $7 which is the analysts’ median price.
If we refocus on enCore Energy Corp (NASDAQ:EU), historical trading data shows that trading volumes averaged 1.53 over the past 10 days and 1.33 million over the past 3 months. The company’s latest data on shares outstanding shows there are 185.35 million shares.
The 3.50% of enCore Energy Corp’s shares are in the hands of company insiders while institutional holders own 48.89% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 7.8 million on 2024-10-31, giving us a short ratio of 6.71. Current price change has pushed the stock -3.81% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the EU stock continues to rise going into the next quarter.
