The stock of Uranium Energy Corp. (AMEX:UEC) increased by $0.01 on Monday to finish at $4.30, up 0.23 percent. The last five days have seen an average of 6,371,380 shares of common stock traded. 10 times new highs were reached in the current year, with a gain of $0.42. The average number of shares traded over the last 20 days was 5,455,325, while the average volume over the last 50 days totaled 5,449,838.
UEC stock appreciated 29.52% since last month. On 07/31/23, the company’s shares reached a one-month low of $3.34. The stock touched a high of $4.65 on 08/28/23, after rallying from a low of $2.30 in 52 weeks. The price of UEC stock has risen by 10.82% or $0.42 this year, reaching a new high 10 times. Still, the stock price is down -7.53% from the 52-week high.
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Insider Transactions
UEC stock investors should be aware that Uranium Energy Corp. (UEC) stock had its last reported insider trading activity 39 days ago on Jul 21. On Jul 21, Director Ballesta Moya Gloria L sold 50,000 shares at $3.21 each. This transaction resulted in the insider making $160,500. On Jul 05, DELLA VOLPE VINCENT sold 65,000 shares at a price of US$3.38. After the transaction, the insider now owns 266,326 shares. Director KONG DAVID had earlier sold 7,000 shares on Jul 05 for $3.35 a share. The transaction was completed for $23,482.
Valuation Metrics
Uranium Energy Corp. (UEC) has a trailing price-to-earnings (P/E) ratio of 860.00. Beta for the stock is 1.99. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 12.60, the price-to-book (PB) ratio of 2.61, and the price-to-cash flow ratio of 57.94.
Financial Health
For the three months ended April 29, Uranium Energy Corp.’s quick ratio was 2.30, while its current ratio was 5.00, indicating its ability to pay off its debt. As far as profitability goes, gross margin for the trailing twelve months is 27.60% percent. Uranium Energy Corp.’s EBITDA margin for the year ended April 29 was 3.33%, whereas its operating margin stood at 5.70% for the same period. Based on annual data, it had gross profit of $7.29 million and revenue of $23.16 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 0.30%. There was a -0.80% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 0.30%.
Earnings Surprise
According to Uranium Energy Corp.’s quarterly financial report for the quarter that ended April 29. A lower net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $20.22 million, while revenues rose by 51.09% to $47.93 million. It was predicted that Uranium Energy Corp.’s quarterly earnings would be -$0.03, but it ended up being -$0.02. EBITDA was -$2.98 million for the quarter. Equity owned by shareholders amounts to $377.53 million.
Technical Picture
Here’s a quick look at Uranium Energy Corp.’s (UEC) price momentum from a technical perspective. As of 28 August, the RSI 9-day stood at 79.21%, suggesting the stock is Overbought, with a 28.65% historical volatility rate.
The stochastic %K and %D were 90.40% and 91.61% respectively, while the average true range (ATR) was 0.19. Based on the 14-day stochastic reading of 93.98%, the RSI (14) reading is 75.20%. On the 9-day MACD Oscillator, the stock is at 0.20, and the 14-day reading is at 0.32.
Analyst Ratings
In its most recent analyst report, Canaccord Genuity raised its rating on Uranium Energy Corp. (AMEX: UEC) to a Speculative buy. Prior to this, analysts firm rated the stock as a Hold.
What is UEC’s price target for the next 12 months?
The current consensus forecast for the stock is between $6.50 and $8.00, with a median target price of $6.80. In analyzing these forecasts, the average price target given by analysts for Uranium Energy Corp. (UEC) is $6.98.
