Uranium Energy Corp. (AMEX:UEC) saw a downside of -0.27% to close Tuesday at $3.65 after subtracting -$0.01 on the day. The 5-day average trading volume is 4,367,860 shares of the company’s common stock. It has gained $3.77 in the past week and touched a new high 4 times within the past 5 days. An average of 4,267,775 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 5,393,920.
UEC’s 1-month performance is 10.94% or $0.30 on its low of $2.87 reached on 07/17/23. The company’s shares have touched a 52-week low of $2.30 and high of $4.65, with the stock’s rally to the 52-week high happening on 02/02/23. YTD, UEC has lost -5.93% or -$0.23 and has reached a new high 8 times. However, the current price is down -21.51% from the 52-week high price.
Insider Transactions
UEC stock investors last saw insider trading activity on Jul 21.Ballesta Moya Gloria L (Director) most recently sold 50,000 shares at $3.21 per share on Jul 21. This transaction cost the insider $160,500. Director, DELLA VOLPE VINCENT, sold 65,000 shares at a price of $3.38 on Jul 05. Then, on Jul 05, Director KONG DAVID sold 7,000 shares at a price of $3.35 per share. This transaction amounted to $23,482.
Valuation Metrics
UEC stock has a beta of 2.06. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 10.68 while the price-to-book (PB) in the most recent quarter is 2.21, with the price to cash flow ratio at 49.09.
Uranium Energy Corp.’s quick ratio for the recent period was 2.30, with the current ratio over the same period at 5.00.. In terms of profitability, the gross margin trailing 12 months is 27.60%. The trailing 12-month EBITDA margin is 3.33%. The firm’s gross profit as reported stood at $7.29 million against revenue of $23.16 million.
Earnings Surprise
Net income and sales went down compared to those figures reported in the previous quarter. Net income grew 166.97% to -$10.96 million, while revenue of $10.89 million was 199.36% off the previous quarter. EBITDA for the quarter stood at more than -$2.98 million. Shareholders hold equity totaling $377.53 million.
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 August was 67.39% to suggest the stock is trending Neutral, with historical volatility in this time period at 49.62%.
The stock’s 5-day moving average is $3.61, reflecting a +1.39% or $0.05 change from its current price. UEC is currently trading +15.14% above its 20-day SMA, +13.71% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +38.26% and SMA200 by-9.20%.
Stochastic %K and %D was 82.99% and 85.10% and the average true range (ATR) pointed at 0.17. The RSI (14) points at 64.51%, while the 14-day stochastic is at 78.96% with the period’s ATR at 0.16. The stock’s 9-day MACD Oscillator is pointing at 0.12 and 0.20 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for Uranium Energy Corp. (AMEX: UEC), Canaccord Genuity upgraded it to a Speculative buy rating. They previously had a Hold rating on the stock.
