Uranium Energy Corp (AMEX:UEC) shares, rose in value, with the stock price down by -5.34% to the previous day’s close as strong demand from buyers drove the stock to $7.27.
Actively observing the price movement in the last trading, the stock closed the session at $7.68. The value of beta (5-year monthly) was 1.85. Referring to stock’s 52-week performance, its high was $8.34, and the low was $2.30. On the whole, UEC has fluctuated by 11.85% over the past month.
With the market capitalization of Uranium Energy Corp currently standing at about $2.94 billion, investors are eagerly awaiting this quarter’s results, scheduled for Jun 06, 2024 – Jun 10, 2024. As a result, investors might want to see an improvement in the stock’s price before the company announces its earnings report. Analysts are projecting the company’s earnings per share (EPS) to be $0.01, which is expected to increase to $0.02 for fiscal year $0.07 and then to about $0.02 by fiscal year 2025. Data indicates that the EPS growth is expected to be 450.00% in 2025, while the next year’s EPS growth is forecast to be -71.40%.
Analysts have estimated the company’s revenue for the quarter at $21 million, with a low estimate of $21 million and a high estimate of $21 million. Wall Street analysts also predicted that in 2025, the company’s y-o-y revenues would reach $55 million, representing a decrease of -66.50% from the revenues reported in the last year’s results.
Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were no upward and no downward review(s) in last seven days. We see that UEC’s technical picture suggests that short-term indicators denote the stock is a Hold on average. However, medium term indicators have put the stock in the category of 100% Buy while long term indicators on average have been pointing out that it is a 100% Buy.
The stock’s technical analysis shows that the PEG ratio is about 0, with the price of UEC currently trading nearly 8.20% and 2.92% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 56.99, while the 7-day volatility ratio is showing 5.64% which for the 30-day chart, stands at 5.49%. Furthermore, Uranium Energy Corp (UEC)’s beta value is 1.84, and its average true range (ATR) is 0.37.
A comparison of Uranium Energy Corp (UEC) with its peers suggests the former has fared considerably weaker in the market. UEC showed an intraday change of -5.34% in last session, and over the past year, it grew by 143.96%%.
Data on historical trading for Uranium Energy Corp (AMEX:UEC) indicates that the trading volumes over the past 10 days have averaged 6.85 million and over the past 3 months, they’ve averaged 8.42 million. According to company’s latest data on outstanding shares, there are 404.14 million shares outstanding.
Nearly 1.83% of Uranium Energy Corp’s shares belong to company insiders and institutional investors own 63.69% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 38.34 million shares as on Mar 15, 2024, resulting in a short ratio of 4.6. According to the data, the short interest in Uranium Energy Corp (UEC) stood at 9.49% of shares outstanding as of Mar 15, 2024; the number of short shares registered in Feb 15, 2024 reached 34.01 million. The stock has risen by 13.59% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the UEC stock heading into the next quarter.
