The Insider Activity Of Uranium Energy Corp. (UEC) Should Not Be Ignored

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As of Wednesday close, Uranium Energy Corp.’s (AMEX:UEC) stock was up $0.04, moving up 1.04 percent to $3.88. The average number of shares traded per day over the past five days has been 5,625,820 shares. 2 times new highs have been achieved over the past 5 days. In the last twenty days, the average volume was 7,814,705, while in the previous 50 days, it was 8,807,444.

Since last month, UEC stock retreated -8.49%. Shares of the company fell to $3.61 on 11/09/22, the lowest level in the past month. A 52-week high of $6.60 was reached on 04/13/22 after having rallying from a 52-week low of $2.34. Since the beginning of this year, UEC’s stock price has risen by 15.82% or $0.53, and marked a new high 11 times. However, the stock has declined by -41.21% since its 52-week high.


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Valuation Metrics

Right now, Uranium Energy Corp. (UEC) has a P/E ratio of about 298.46. The stock’s beta is 2.10. Besides these, the trailing price-to-sales (P/S) ratio of 13.87, the price-to-book (PB) ratio of 3.40.

Financial Health

In the three months ended July 30, Uranium Energy Corp.’s quick ratio stood at 4.20, while its current ratio was 12.00, showing that the company is able to pay off its debt. On the profitability front, the trailing twelve-month gross margin is 19.80% percent. Based on annual data, UEC earned $7.29 million in gross profit and brought in $23.16 million in revenue.

A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was -0.80%. Return on equity (ROE) for the past 12 months was 1.90%.

According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. UEC’s revenue rose 100.0% to $9.89 million during the quarter, while net income inched up to $80000.0. While analysts expected Uranium Energy Corp. to report -$0.01 quarterly earnings, the actual figure was $0.02 per share. During the quarter, the company generated -$8.84 million in EBITDA. The liabilities of Uranium Energy Corp. were 27.34 million at the end of its most recent quarter ended July 30, and its total debt was $1.18 million. The value of shareholders’ equity is $345.77 million.

Technical Picture

This quick technical analysis looks at Uranium Energy Corp.’s (UEC) price momentum. With a historical volatility rate of 42.16%, the RSI 9-day stood at 47.99% on 23 November.

At present, UEC shares trade -9.77% below its 20-day simple moving average and +25.97% percent above its 100-day simple moving average. However, the stock is currently trading approximately -6.05% below its SMA50 and +32.42% above its SMA200.

Stochastic coefficient K was 37.85% and Stochastic coefficient D was 33.49%, while ATR was 0.21. Given the Stochastic reading of 45.76% for the 14-day period, the RSI (14) reading has been calculated as 48.48%. As of today, the MACD Oscillator reading stands at -0.09, while the 14-day reading stands at -0.07.

Analyst Ratings

Canaccord Genuity upgraded its rating on Uranium Energy Corp. (AMEX: UEC) to a Speculative buy in a note to investors on June 13, 2022. The analysts firm previously had a Hold rating on the stock.Uranium Energy Corp. (UEC) has been rated Buy by analysts. According to 0 brokerage firms, UEC is a sell, and 0 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate Uranium Energy Corp. stock as buy, with 5 recommending it as overweight.

With a median target price of $6.60, the current consensus forecast for the stock is $6.25 – $8.25. Based on these forecasts, analysts predict Uranium Energy Corp. (UEC) will achieve an average price target of $6.92.

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