Is Uranium Energy Corp’s (AMEX: UEC) -4.81% Loss This Week Telling Us Something New?

During the recent session, Uranium Energy Corp (AMEX:UEC)’s traded shares were 1.04 million, with the beta value of the company hitting 1.91. At the last check today, the stock’s price was $4.45, reflecting an intraday loss of -2.08% or -$0.09. The 52-week high for the UEC share is $8.34, that puts it down -87.42 from that peak though still a striking 20.22% gain since the share price plummeted to a 52-week low of $3.55. The company’s market capitalization is $1.82B, and the average intraday trading volume over the past 10 days was 9.07 million shares, and the average trade volume was 6.73 million shares over the past three months.

Uranium Energy Corp (UEC) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 1.00. UEC has a Sell rating from 0 analyst(s) out of 1 analysts who have looked at this stock. 0 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 1 recommend a Buy rating for it.

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Uranium Energy Corp (AMEX:UEC) trade information

Uranium Energy Corp (UEC) registered a -2.08% downside in the last session and has traded in the red over the past 5 sessions. The stock plummet -2.08% in intraday trading to $4.45, hitting a weekly high. The stock’s 5-day price performance is -4.81%, and it has moved by -32.85% in 30 days. Based on these gigs, the overall price performance for the year is 20.47%. The short interest in Uranium Energy Corp (AMEX:UEC) is 46.4 million shares and it means that shorts have 7.45 day(s) to cover.

The consensus price target of analysts on Wall Street is $6.12, which implies an increase of 27.29% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $5.5 and $6.75 respectively. As a result, UEC is trading at a discount of -51.69% off the target high and -23.6% off the low.

Uranium Energy Corp (UEC) estimates and forecasts

Statistics show that Uranium Energy Corp has outperformed its competitors in share price, compared to the industry in which it operates. Uranium Energy Corp (UEC) shares have gone down -41.51% during the last six months, with a year-to-date growth rate more than the industry average at 400.00% against 20.40.

An analysis of the company’s performance over the past 5 years shows that the company’s earnings grew an estimated 39.63%. While earnings are projected to return 220.00% in 2024.

Uranium Energy Corp (AMEX:UEC)’s Major holders

Uranium Energy Corp insiders own 1.99% of total outstanding shares while institutional holders control 77.24%, with the float percentage being 78.81%. MMCAP INTERNATIONAL INC. SPC is the largest shareholder of the company, while 387.0 institutions own stock in it. As of 2024-03-31, the company held over 29.61 million shares (or 7.515% of all shares), a total value of $199.87 million in shares.

The next largest institutional holding, with 29.56 million shares, is of BLACKROCK INC.’s that is approximately 7.5014% of outstanding shares. At the market price on 2024-03-31, these shares were valued at $199.51 million.