Uranium Royalty Corp (NASDAQ: UROY) Drops -1.37% In Recent Session. Here’s Everything You Need To Know.

The trading price of Uranium Royalty Corp (NASDAQ:UROY) floating lower at last check on Tuesday, April 02, closing at $2.52, -1.37% lower than its previous close.

The company’s P/E ratio in the trailing 12-month period was 59.74, while its 5Y monthly beta was 1.71. In examining the 52-week price action we see that the stock hit a 52-week high of $3.76 and a 52-week low of $1.81. Over the past month, the stock has lost -5.09% in value.

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Uranium Royalty Corp, whose market valuation is $302.38 million at the time of this writing, is expected to release its quarterly earnings report Mar 15, 2024. Investors’ optimism about the company’s current quarter earnings report is understandable.

A company’s earnings reviews provide a brief indication of a stock’s direction in the short term, where in the case of Uranium Royalty Corp No upward and no downward comments were posted in the last 7 days. On the technical side, indicators suggest UROY has a 50% Sell on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 25% Sell, while an average of long term indicators suggests that the stock is currently 50% Sell.

A quick review shows that UROY’s price is currently 1.31% off the SMA20 and -10.89% off the SMA50. The RSI metric on the 14-day chart is currently showing 47.88, and weekly volatility stands at 4.37%. When measured over the past 30 days, the indicator reaches 5.17%. Uranium Royalty Corp (NASDAQ:UROY)’s beta value is currently sitting at 1.53, while the Average True Range indicator is currently displaying 0.13.

To see how Uranium Royalty Corp stock has been performing today in comparison to its peers in the industry, here are the numbers: UROY stock’s performance was -1.37% at last check in today’s session, and 15.37% in the past year. Uranium Royalty Corp has a P/E ratio of 59.74.

An evaluation of the daily trading volume of Uranium Royalty Corp (NASDAQ:UROY) indicates that the 3-month average is 1.91 million. However, this figure has increased over the past 10 days to an average of 1.28 million.

Currently, records show that 99.80 million of the company’s shares remain outstanding. The insiders hold 18.60% of outstanding shares, whereas institutions hold 10.24%. The stats also highlight that short interest as of Mar 15, 2024, stood at 1.98 million shares, resulting in a short ratio of 1.03 at that time. From this, we can conclude that short interest is 1.64% of the company’s total outstanding shares. It is noteworthy that short shares in March were up slightly from the previous month’s figure, which was 1.34 million. However, since the stock’s price has seen -6.85% year-to-date, investors’ interest is likely to be reignited due to its potential to move even lower.