What Technical Indicators Show About UEC (UEC)?

Uranium Energy Corp. (AMEX:UEC) finished Wednesday with an addition of $0.19 to close at $3.54, an upside of 5.67 percent. An average of 8,581,979 shares of common stock have been traded in the last five days. There was a gain of $0.65 in the past week. The last 20 days have seen an average of 8,546,070 shares traded, while the 50-day average volume stands at 7,094,928.

UEC stock has increased by 9.26% in the last month. The company shares reached their 1-month lowest point of $2.78 on 09/29/21. With the stock rallying to its 52-week high on 09/16/21, shares of the company touched a low of $0.82 and a high of $3.77 in 52 weeks. In spite of this, the price is down -6.10% from the 52-week high.


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Insider Transactions

20 days have passed since Uranium Energy Corp. (UEC) last reported insider trading activity. Ballesta Moya Gloria L, who is Director, most recently acquired $10,000 shares at $2.92 per share on Sep 24. In this transaction, the insider spent $29,200. Chief Financial Officer, OBARA PAT, disposed of 20,000 shares at a price of $2.29 on Jul 28. The insider now owns more than $45,700 worth of shares. Prior to that, President and CEO Adnani Amir went on to Sale 109,220 shares at $2.28 each on Jul 28. An amount of $248,563 was transacted.

Valuation Metrics

Uranium Energy Corp. (UEC) has a trailing price-to-earnings (P/E) ratio of 22.80 for the broader industry and 19.70 for the sector. The stock’s beta is 2.23. Other valuation ratios to consider include the price-to-book (PB) ratio at 5.28.

The quick ratio of Uranium Energy Corp. for the three months ended January 30 was 4.10, and the current ratio was 6.30, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.00 and a total debt to equity ratio of 0.07 for the quarter ending January 30. Its gross profit as reported stood at $3.46 million compared to revenue of $14.34 million.

For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Uranium Energy Corp.’s return on assets was -15.20%, compared to -22.7% over the last five years. Meanwhile, the return on equity (ROE) for the past 12 months has been -19.30% and the 5-year average holds at -36.4%. For the broader industry, ROE averaged 6.70 over the past year.

Earnings Surprise

For the three-month period that ended January 30, Uranium Energy Corp. had $4.0 million in cash. The analyst consensus anticipated Uranium Energy Corp.’s latest quarter earnings to come in at -$0.02 per share, but it turned out to be -$0.02, a 0.00% surprise. For the quarter, EBITDA amounted to -$4.47 million. Shareholders own equity worth $233.25 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at Uranium Energy Corp. (UEC) price momentum. RSI 9-day as of the close on 13 October was 69.17%, suggesting the stock is Neutral, with historical volatility in this time frame at 85.92%.

As of today, UEC’s price is $3.15 +22.49% or $0.65 from its 5-day moving average. UEC is currently trading -4.07% lower than its 20-day SMA and +15.69% higher than its 100-day SMA. However, the stock’s current price level is +56.64% above the SMA50 and +87.30% above the SMA200.

The stochastic %K and %D were 71.43% and 51.37%, respectively, and the average true range (ATR) was 0.27. With the 14-day stochastic at 87.36% and the average true range at 0.26, the RSI (14) stands at 64.71%. The stock has reached 0.19 on the 9-day MACD Oscillator while the 14-day reading was at 0.22.

Analyst Ratings

Canaccord Genuity launched coverage on Uranium Energy Corp. (AMEX: UEC) in its analyst report released on October 14, 2020. The firm assigned the stock a a Speculative buy rating.The consensus rating for Uranium Energy Corp. (UEC) among analysts is Buy. According to current brokerage recommendations, 0 brokerage firms advise that investors sell UEC, while 0 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 3 others rate it as a “buy”.

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

Analysts predict a range of price targets between $3.90 and $5.60, with a median target of $4.25. Taking a look at these predictions, the average price target given by analysts for Uranium Energy Corp. (UEC) stock is $4.58.

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