Ur-Energy Inc. (AMEX: URG) Is Down -34.91% In A Month. Could There Be Any Hope That It Will Rise Soon?

During the recent session, Ur-Energy Inc. (AMEX:URG)’s traded shares were 0.56 million, with the beta value of the company hitting 1.17. At the last check today, the stock’s price was $0.98, reflecting an intraday loss of -3.34% or -$0.03. The 52-week high for the URG share is $2.01, that puts it down -105.1 from that peak though still a striking 2.04% gain since the share price plummeted to a 52-week low of $0.96. The company’s market capitalization is $339.11M, and the average intraday trading volume over the past 10 days was 6.1 million shares, and the average trade volume was 4.18 million shares over the past three months.

Ur-Energy Inc. (URG) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 1.00. URG 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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Ur-Energy Inc. (AMEX:URG) trade information

Ur-Energy Inc. (URG) registered a -3.34% downside in the last session and has traded in the red over the past 5 sessions. The stock plummet -3.34% in intraday trading to $0.98, hitting a weekly high. The stock’s 5-day price performance is -7.02%, and it has moved by -34.91% in 30 days. Based on these gigs, the overall price performance for the year is -13.60%. The short interest in Ur-Energy Inc. (AMEX:URG) is 15.76 million shares and it means that shorts have 3.24 day(s) to cover.

The consensus price target of analysts on Wall Street is $3.4, which implies an increase of 71.18% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $3.4 and $3.4 respectively. As a result, URG is trading at a discount of -246.94% off the target high and -246.94% off the low.

Ur-Energy Inc. (URG) estimates and forecasts

Statistics show that Ur-Energy Inc. has outperformed its competitors in share price, compared to the industry in which it operates. Ur-Energy Inc. (URG) shares have gone down -47.51% during the last six months, with a year-to-date growth rate more than the industry average at 33.33% against 20.40.

While earnings are projected to return 37.50% in 2024.

Ur-Energy Inc. (AMEX:URG)’s Major holders

Ur-Energy Inc. insiders own 1.52% of total outstanding shares while institutional holders control 70.59%, with the float percentage being 71.68%. MMCAP INTERNATIONAL INC. SPC is the largest shareholder of the company, while 122.0 institutions own stock in it. As of 2024-03-31, the company held over 23.03 million shares (or 8.8552% of all shares), a total value of $36.84 million in shares.

The next largest institutional holding, with 22.03 million shares, is of ALPS ADVISORS INC’s that is approximately 8.4709% of outstanding shares. At the market price on 2024-03-31, these shares were valued at $35.24 million.