What Technical Indicators Show About Uranium Energy Corp. (UEC)?

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Uranium Energy Corp. (AMEX:UEC) finished Thursday with an addition of $0.14 to close at $3.82, an upside of 3.80 percent. An average of 6,284,480 shares of common stock have been traded in the last five days. There was a gain of $0.13 in the past week, and it reached a new high 12 times over the past 12 months. The last 20 days have seen an average of 9,527,150 shares traded, while the 50-day average volume stands at 8,396,036.

UEC stock has increased by 4.37% in the last month. The company shares reached their 1-month lowest point of $3.02 on 12/16/22. With the stock rallying to its 52-week high on 04/13/22, shares of the company touched a low of $2.34 and a high of $6.60 in 52 weeks. It has reached a new high 11 times so far this year and achieved 14.03% or $0.47 in price. In spite of this, the price is down -42.12% from the 52-week high.


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Valuation Metrics

Uranium Energy Corp. (UEC) has a trailing price-to-earnings (P/E) ratio of 347.27. The stock’s beta is 2.03. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 8.70, the price-to-book (PB) ratio at 2.21.

Financial Health

The quick ratio of Uranium Energy Corp. for the three months ended July 30 was 1.50, and the current ratio was 3.10, 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 0.00 for the quarter ending July 30. Its gross profit as reported stood at $7.29 million compared to revenue of $23.16 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 0.80%.

Earnings Surprise

In the quarter under review, the net income was up than the previous quarter. The company posted a net income of -$3.76 million in the quarter, while revenues of $5.46 million were grew 44.95%. The analyst consensus anticipated Uranium Energy Corp.’s latest quarter earnings to come in at -$0.01 per share, but it turned out to be $0.02, a 300.00% surprise. For the quarter, EBITDA amounted to $4.08 million. Shareholders own equity worth $369.8 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 29 December was 62.00%, suggesting the stock is Neutral, with historical volatility in this time frame at 58.59%.

As of today, UEC’s price is $3.73 +3.52% or $0.13 from its 5-day moving average. UEC is currently trading -1.55% lower than its 20-day SMA and -9.91% lower than its 100-day SMA. However, the stock’s current price level is -3.54% below the SMA50 and -3.54% below the SMA200.

The stochastic %K and %D were 90.22% and 93.12%, respectively, and the average true range (ATR) was 0.21. With the 14-day stochastic at 94.12% and the average true range at 0.21, the RSI (14) stands at 56.59%. The stock has reached 0.20 on the 9-day MACD Oscillator while the 14-day reading was at 0.27.

Analyst Ratings

Canaccord Genuity upgraded Uranium Energy Corp. (AMEX: UEC) to a a Speculative buy rating in its most recent analyst report. Previously, the stock was rated as a Hold. 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 5 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 $6.00 and $8.25, with a median target of $6.60. Taking a look at these predictions, the average price target given by analysts for Uranium Energy Corp. (UEC) stock is $6.87.

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