Uranium Energy Corp (AMEX:UEC) saw an upside of 2.88% to $5.35 after adding $0.15 on Monday. The 5-day average trading volume is 10,093,055 shares of the company’s common stock. It has gained $5.48 in the past week and touched a new high 1 time within the past 5 days. An average of 9,469,363 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 6,783,850.
UEC’s 1-month performance is 27.99% or $1.05 on its low of $4.20 reached on 08/29/23. The company’s shares have touched a 52-week low of $2.30 and high of $5.55, with the stock’s rally to the 52-week high happening on 09/15/23. YTD, UEC has achieved 37.89% or $1.46 and has reached a new high 18 times. However, the current price is down -3.60% 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 1.95. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 16.09 while the price-to-book (PB) in the most recent quarter is 3.24, with the price to cash flow ratio at 73.88.
Uranium Energy Corp’s quick ratio for the period ended April 29 was 2.26, with the current ratio over the same period at 5.03. In terms of profitability, the gross margin trailing 12 months is 12.46%. The trailing 12-month EBITDA margin is 3.33% while for the period ending April 29, Uranium Energy Corp’s operating margin was 4.22%. The firm’s gross profit as reported stood at $7.29 million against revenue of $23.16 million.
Earnings Surprise
For the quarterly period ending April 29 this year, 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. Analysts expected UEC to announce -$0.02 per share in earnings in its latest quarter, but it posted -$0.03, representing a -50.00% surprise. 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 22 September was 69.03% to suggest the stock is trending Neutral, with historical volatility in this time period at 56.61%.
The stock’s 5-day moving average is $5.13, reflecting a -0.36% or -$0.02 change from its current price. UEC is currently trading +24.49% above its 20-day SMA, +125.34% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +71.17% and SMA200 by+59.42%.
Stochastic %K and %D was 66.00% and 61.89% and the average true range (ATR) pointed at 0.30. The RSI (14) points at 70.33%, while the 14-day stochastic is at 80.60% with the period’s ATR at 0.27. The stock’s 9-day MACD Oscillator is pointing at -0.06 and 0.11 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for Uranium Energy Corp (AMEX: UEC), TD Securities launched coverage with a Speculative buy rating. Analysts offering their rating for UEC stock have a consensus rating for the stock as Buy. Currently, 0 brokerage advisors rate UEC as a “sell,”, while 0 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 6 have offered a “buy” rating.
What is UEC’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $6.00 and a high of $8.00, with their median price target at $6.70. Looking at these predictions, the average price target given by analysts is for Uranium Energy Corp (UEC) stock is $6.82.
