Ur-Energy Inc. (AMEX:URG) shares, rose in value, with the stock price down by -3.37% to the previous day’s close as strong demand from buyers drove the stock to $1.72.
Actively observing the price movement in the last trading, the stock closed the session at $1.78. The value of beta (5-year monthly) was 1.16. Referring to stock’s 52-week performance, its high was $2.01, and the low was $0.82. On the whole, URG has fluctuated by 10.26% over the past month.
With the market capitalization of Ur-Energy Inc. currently standing at about $484.40 million, investors are eagerly awaiting this quarter’s results, scheduled for Apr 29, 2024 – May 03, 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, which is expected to increase to $0 for fiscal year -$0.02 and then to about $0.1 by fiscal year 2025. Data indicates that the EPS growth is expected to be 83.30% in 2025, while the next year’s EPS growth is forecast to be 600.00%.
Analysts have estimated the company’s revenue for the quarter at $7.72 million, with a low estimate of $6.75 million and a high estimate of $8.7 million. According to the average forecast, sales growth in current quarter could jump up 141.20%, compared to the corresponding quarter of last year. Wall Street analysts also predicted that in 2025, the company’s y-o-y revenues would reach $43.74 million, representing an increase of 147.40% 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 URG’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 URG currently trading nearly 9.35% and 2.61% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 60.15, while the 7-day volatility ratio is showing 6.15% which for the 30-day chart, stands at 5.58%. Furthermore, Ur-Energy Inc. (URG)’s beta value is 1.11, and its average true range (ATR) is 0.09.
A comparison of Ur-Energy Inc. (URG) with its peers suggests the former has fared considerably weaker in the market. URG showed an intraday change of -3.37% in last session, and over the past year, it grew by 70.30%%.
Data on historical trading for Ur-Energy Inc. (AMEX:URG) indicates that the trading volumes over the past 10 days have averaged 2.67 million and over the past 3 months, they’ve averaged 3.31 million. According to company’s latest data on outstanding shares, there are 270.90 million shares outstanding.
Nearly 5.65% of Ur-Energy Inc.’s shares belong to company insiders and institutional investors own 47.12% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 6.15 million shares as on Mar 15, 2024, resulting in a short ratio of 1.81. According to the data, the short interest in Ur-Energy Inc. (URG) stood at 2.18% of shares outstanding as of Mar 15, 2024; the number of short shares registered in Feb 15, 2024 reached 5.11 million. The stock has risen by 11.69% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the URG stock heading into the next quarter.
