Uranium Energy Corp (AMEX:UEC) finished Wednesday with an addition of $0.11 to close at $5.28, an upside of 2.13 percent. An average of 10,052,340 shares of common stock have been traded in the last five days. There was a gain of $0.21 in the past week, and it reached a new high 16 times over the past 12 months. The last 20 days have seen an average of 10,163,210 shares traded, while the 50-day average volume stands at 7,061,526.
UEC stock has increased by 22.79% in the last month. The company shares reached their 1-month lowest point of $4.20 on 08/29/23. With the stock rallying to its 52-week high on 09/15/23, shares of the company touched a low of $2.30 and a high of $5.55 in 52 weeks. It has reached a new high 18 times so far this year and achieved 36.08% or $1.40 in price. In spite of this, the price is down -4.86% from the 52-week high.
Insider Transactions
UEC stock investors should be aware that Uranium Energy Corp (UEC) stock had its last reported insider trading activity 69 days ago on Jul 21. In this transaction, the insider spent $160,500. Director, DELLA VOLPE VINCENT, disposed of 65,000 shares at a price of $3.38 on Jul 05. The insider now owns more than $219,447 worth of shares. Prior to that, Director KONG DAVID went on to Sale 7,000 shares at $3.35 each on Jul 05. An amount of $23,482 was transacted.
Valuation Metrics
Uranium Energy Corp (UEC) has a trailing price-to-earnings (P/E) ratio of 723.29. The stock’s beta is 1.93. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 15.88, the price-to-book (PB) ratio at 3.20, and the price-to-cash flow ratio at 72.91.
Financial Health
The quick ratio of Uranium Energy Corp for the recent quarter was 2.26, and the current ratio was 5.03, 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 recent quarter. Uranium Energy Corp’s EBITDA margin is 3.33%, while its operating margin for the same period stands at 4.22%. Its gross profit as reported stood at $7.29 million compared to revenue of $23.16 million.
Earnings Surprise
In the quarter under review, the net income was down than the previous quarter. The company posted a net income of -$10.96 million in the quarter, while revenues were grew 166.97%. At the end of the recent quarter, Uranium Energy Corp’s stock balance sheet showed total liabilities of 100.31 million. Shareholders own equity worth $377.53 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 27 September was 61.97%, suggesting the stock is Neutral, with historical volatility in this time frame at 52.57%.
As of today, UEC’s price is $5.20 +4.14% or $0.21 from its 5-day moving average. UEC is currently trading +21.66% higher than its 20-day SMA and +110.36% higher than its 100-day SMA. However, the stock’s current price level is +64.49% above the SMA50 and +52.60% above the SMA200.
The stochastic %K and %D were 75.31% and 71.99%, respectively, and the average true range (ATR) was 0.29. With the 14-day stochastic at 75.00% and the average true range at 0.27, the RSI (14) stands at 64.74%. The stock has reached 0.07 on the 9-day MACD Oscillator while the 14-day reading was at 0.15.
Analyst Ratings
TD Securities launched coverage on Uranium Energy Corp (AMEX: UEC) in its analyst report released on September 13, 2023. The firm assigned the stock a Speculative buy rating. 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 6 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 $8.00, with a median target of $6.70. Taking a look at these predictions, the average price target given by analysts for Uranium Energy Corp (UEC) stock is $6.82.
