Uranium Energy Corp (AMEX:UEC) traded at $6.91 at close of the session on Friday, April 26, made an upward move of 3.75% on its previous day’s price.
Looking at the stock we see that its previous close was $6.66 . In terms of its 52-week price range, UEC has a high of $8.34 and a low of $2.30. The company’s stock has gained about 3.13% over that past 30 days.
Uranium Energy Corp has a market cap of $2.79 billion. Estimates by analysts give the company expected earnings per share (EPS) of $0.01, with the EPS growth for the year raised at $0.07 for 2024 and $0.02 for next year. These figures represent 450.00% and -71.40% growth in EPS for the two years respectively.
Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at $21 million, with a low of $21 million and a high of $21 million. According to analyst consensus estimates figures, the company’s yearly revenue forecast for 2024 is expected to hit $55 million, or -66.50% down from figures reported last year.
On the other hand, looking at the outlook for the UEC stock, short term indicators assign the stock an average of 50% Buy, while medium term indicators assign it an average of 50% Buy. Long term indicators on average place the stock in the category of 50% Buy.
Looking further, we note the current price level is -1.55% off its SMA20 and 1.35% from its 50-day simple moving average. The RSI (14) is pointing at 50.32 while the volatility over the past week is 4.01% and jumps to 5.08% over the past one month. The beta value is 1.84, while the average true range (ATR) is currently pointing at 0.34.
Coming back to Uranium Energy Corp (AMEX:UEC), we note that the average 3-month trading volume was 7.44 million. Current shares outstanding are 404.14 million.
The insiders hold 1.78% of the company’s shares while institutions hold 64.26%. Investors should be excited about this stock as its upside potential is great, with current price pushing the stock 7.97% up in year-to-date price movement.
