Should Investors Pay Attention To These Insider Trades For Uranium Energy Corp. (UEC)?

The stock of Uranium Energy Corp. (AMEX:UEC) decreased by remained unchanged at $3.92, down 0.00 percent. The last five days have seen an average of 8,444,140 shares of common stock traded. 16 times new highs were reached in the current year, with a gain of $2.16. The average number of shares traded over the last 20 days was 7,648,295, while the average volume over the last 50 days totaled 7,865,048.

UEC stock appreciated 26.05% since last month. On 09/29/21, the company’s shares reached a one-month low of $2.78. The stock touched a high of $4.03 on 10/20/21, after rallying from a low of $0.82 in 52 weeks. The price of UEC stock has risen by 122.73% or $2.16 this year, reaching a new high 16 times. Still, the stock price is down -2.73% from the 52-week high.

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Insider Transactions

There have been 31 days since Uranium Energy Corp. (UEC) last reported insider trading activity on Sep 24. On Sep 24, Director Ballesta Moya Gloria L sold 10,000 shares at $2.92 each. This transaction resulted in the insider making $29,200. On Jul 28, Adnani Amir sold 109,220 shares at a price of US$2.28. After the transaction, the insider now owns 3,049,902 shares. Chief Financial Officer OBARA PAT had earlier sold 20,000 shares on Jul 28 for $2.29 a share. The transaction was completed for $45,700.

For the three months ended January 30, Uranium Energy Corp.’s quick ratio was 4.10, while its current ratio was 6.30, indicating its ability to pay off its debt. Based on annual data, it had gross profit of $3.46 million and revenue of $14.34 million.

Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. UEC’s return on assets (ROA) during the last 12 months has been -15.20%. In the meantime, the return on equity (ROE) for the last 12 months was -19.30%. ROE has averaged 6.70 in the past year for the broader industry.

Earnings Surprise

According to Uranium Energy Corp.’s quarterly financial report for the quarter that ended January 30, it had $4.0 million in cash and short-term investments. A higher net income was reported in the quarter under review than the previous quarter. It was predicted that Uranium Energy Corp.’s quarterly earnings would be -$0.02, but it ended up being -$0.02. EBITDA was -$4.47 million for the quarter. At the end of Uranium Energy Corp.’s most recent quarter ended January 30, its liabilities totaled 17.23 million, while its total debt was $10.66 million. Equity owned by shareholders amounts to $233.25 million.

Technical Picture

Here’s a quick look at Uranium Energy Corp.’s (UEC) price momentum from a technical perspective. As of 22 October, the RSI 9-day stood at 73.29%, suggesting the stock is Overbought, with a 83.94% historical volatility rate.

The stochastic %K and %D were 92.84% and 89.05% respectively, while the average true range (ATR) was 0.31. Based on the 14-day stochastic reading of 90.91%, the RSI (14) reading is 68.90%. On the 9-day MACD Oscillator, the stock is at 0.32, and the 14-day reading is at 0.56.

Analyst Ratings

In its analyst report released on October 14, 2020, Canaccord Genuity began covering Uranium Energy Corp. (AMEX: UEC). The stock was rated as a Speculative buy by the brokerage firm. Analysts have assigned Uranium Energy Corp. (UEC) an Buy rating. UEC is a stock that is recommended for selling by 0 brokerage firms, while 0 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 0 rates it overweight and 3 others recommend it as a buy.

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

The current consensus forecast for the stock is between $3.90 and $5.60, with a median target price of $4.25. In analyzing these forecasts, the average price target given by analysts for Uranium Energy Corp. (UEC) is $4.58.


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