Weekly Performance Analysis for Uranium Energy Corp. (UEC)

Uranium Energy Corp. (AMEX:UEC) saw a downside of -4.29% to close Friday at $2.90 after subtracting -$0.13 on the day. The 5-day average trading volume is 5,544,440 shares of the company’s common stock. It has gained $3.22 in the past week. An average of 9,529,580 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 6,713,124.

UEC’s 1-month performance is 0.00% or -$0.03 on its low of $2.78 reached on 09/29/21. The company’s shares have touched a 52-week low of $0.82 and high of $3.77, with the stock’s rally to the 52-week high happening on 09/16/21. YTD, UEC has achieved 64.77% or $1.14. However, the current price is down -23.08%% from the 52-week high price.

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Insider Transactions

On Sep 24, 17 days have gone by since the last insider trading activity for Uranium Energy Corp. (UEC). Ballesta Moya Gloria L (Director) most recently sold 10,000 shares at $2.92 per share on Sep 24. This transaction cost the insider $29,200. President and CEO, Adnani Amir, sold 109,220 shares at a price of $2.28 on Jul 28. Then, on Jul 28, Chief Financial Officer OBARA PAT sold 20,000 shares at a price of $2.29 per share. This transaction amounted to $45,700.

Valuation Metrics

Uranium Energy Corp. (UEC) has a trailing price-to-earnings (P/E) ratio of 22.80 for the broader industry and 19.33 for the sector.UEC stock has a beta of 2.23. Moving on to other valuation ratios, the price-to-book (PB) in the most recent quarter is 4.33.

Uranium Energy Corp.’s quick ratio for the period ended January 30 was 4.10, with the current ratio over the same period at 6.30 meaning that UEC stock is able to fulfill its debt obligations. As well, the company’s long term debt to equity for the quarter ending January 30 was 0.00, while the total debt to equity was 0.07. The firm’s gross profit as reported stood at $3.46 million against revenue of $14.34 million.

Earnings Surprise

For the quarterly period ending January 30 this year, Uranium Energy Corp.’s cash and short-term investments amounted to $4.0 million against total debt of $10.66 million. Net income and sales went up compared to those figures reported in the previous quarter. Analysts expected UEC to announce -$0.02 per share in earnings in its latest quarter, but it posted -$0.02, representing a 0.00% surprise. EBITDA for the quarter stood at more than -$4.47 million. UEC stock balance sheet for the quarter ending January 30 shows that total liabilities totaled 17.23 million, with total debt at $10.66 million. Shareholders hold equity totaling $233.25 million

Technical Picture

Let’s look briefly at Uranium Energy Corp. (UEC) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 08 October was 45.01% to suggest the stock is trending Neutral, with historical volatility in this time period at 60.95%.

The stock’s 5-day moving average is $2.97, reflecting a -3.65% or -$0.11 change from its current price. UEC is currently trading -9.66% above its 20-day SMA, -10.49% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 and SMA200 by +22.36% and +76.83% respectively.

Stochastic %K and %D was 28.21% and 26.27% and the average true range (ATR) pointed at 0.25. The RSI (14) points at 48.77%, while the 14-day stochastic is at 23.08% with the period’s ATR at 0.24. The stock’s 9-day MACD Oscillator is pointing at -0.05 and -0.08 on the 14-day charts.

Analyst Ratings

In the most recent analyst report for Uranium Energy Corp. (AMEX: UEC), Canaccord Genuity launched coverage with a Speculative buy rating. Analysts offering their rating for UEC stock have a consensus rating for the stock as Buy. Currently, 0 brokerage advisors rate UEC as a “sell,”, while 0 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 3 have offered a “buy” rating.

What is UEC’s price target for the next 12 months?

Analysts have a consensus price target ranging from a low of $3.90 and a high of $5.60, with their median price target at $4.25. Looking at these predictions, the average price target given by analysts is for Uranium Energy Corp. (UEC) stock is $4.58.


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