The stock of enCore Energy Corp. (AMEX:EU) decreased by -$0.06 on Tuesday to finish at $3.15, down -1.87 percent. The last five days have seen an average of 2,661,200 shares of common stock traded. 14 times new highs were reached in the current year, with a gain of $0.79. The average number of shares traded over the last 20 days was 1,125,655, while the average volume over the last 50 days totaled 733,610.
EU stock appreciated 34.04% since last month. On 08/21/23, the company’s shares reached a one-month low of $2.34. The stock touched a high of $3.27 on 09/19/23, after rallying from a low of $1.76 in 52 weeks. The price of EU stock has risen by 33.29% or $0.79 this year, reaching a new high 14 times. Still, the stock price is down -3.67% from the 52-week high.
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Financial Health
For the three months ended September 29, enCore Energy Corp.’s quick ratio was 3.00, while its current ratio was 3.00, indicating its ability to pay off its debt. The company’s long-term debt to equity ratio for the quarter ending September 29 is 0.25, and the total debt to equity ratio is 0.25. Based on annual data, it had gross profit of $0.41 million and revenue of $18.74 million.
Earnings Surprise
According to enCore Energy Corp.’s quarterly financial report for the quarter that ended September 29. A lower net income was reported in the quarter under review than the previous quarter. It was predicted that enCore Energy Corp.’s quarterly earnings would be -$0.02, but it ended up being -$0.02. EBITDA was -$6.57 million for the quarter. At the end of enCore Energy Corp.’s most recent quarter ended September 29, its liabilities totaled 70.37 million, while its total debt was $57.48 million.
Technical Picture
Here’s a quick look at enCore Energy Corp.’s (EU) price momentum from a technical perspective. As of 19 September, the RSI 9-day stood at 79.40%, suggesting the stock is Overbought, with a 45.39% historical volatility rate.
The stochastic %K and %D were 84.03% and 86.20% respectively, while the average true range (ATR) was 0.16. Based on the 14-day stochastic reading of 81.53%, the RSI (14) reading is 75.26%. On the 9-day MACD Oscillator, the stock is at 0.27, and the 14-day reading is at 0.36.
Analyst Ratings
Analysts have assigned enCore Energy Corp. (EU) an Buy rating. EU 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 EU’s price target for the next 12 months?
The current consensus forecast for the stock is between $3.70 and $5.00, with a median target price of $4.41. In analyzing these forecasts, the average price target given by analysts for enCore Energy Corp. (EU) is $4.37.
