Uranium Energy Corp (AMEX: UEC) Surprised Bears With Its Forecast.

In the latest trading session, 0.75 million shares of the Uranium Energy Corp (AMEX:UEC) were traded, and its beta was 1.85. Most recently the company’s share price was $5.04, and it changed around -$0.04 or -0.79% from the last close, which brings the market valuation of the company to $2.06B. UEC currently trades at a discount to its 52-week high of $8.34, offering almost -65.48% off that amount. The share price’s 52-week low was $4.06, which indicates that the current value has risen by an impressive 19.44% since then. We note from Uranium Energy Corp’s average daily trading volume that its 10-day average is 7.26 million shares, with the 3-month average coming to 6.81 million.

Uranium Energy Corp stock received a consensus recommendation rating of Buy, based on a mean score of 1.00. If we narrow it down even further, the data shows that 1 out of 5 analysts rate the stock as a Sell; another 1 rate it as Overweight. Among the rest, 0 recommended UEC as a Hold, whereas 3 deemed it a Buy, and 0 rated it as Underweight.

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Uranium Energy Corp (AMEX:UEC) trade information

Instantly UEC has showed a red trend with a performance of -0.79% at the end of last trading. The performance over the last five days has remained in the green territory. The rise to weekly highs of 5.37 on recent trading dayincreased the stock’s daily price by 6.15%. The company’s shares are currently down -21.25% year-to-date, but still up 15.07% over the last five days. On the other hand, Uranium Energy Corp (AMEX:UEC) is 1.82% up in the 30-day period. We can see from the shorts that 51.08 million shares have been sold at a short interest cover period of 6.88 day(s).

The consensus price target as assigned by Wall Street analysts is $6.12, which translates to bulls needing to increase their stock price by 17.65% from its current value. Analyst projections state that UEC is forecast to be at a low of $5.5 and a high of $6.75.

Uranium Energy Corp (UEC) estimates and forecasts

Uranium Energy Corp share prices are performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have fallen -19.75 percent over the past six months and at a 200.00% annual growth rate that is well above the industry average of 19.50%.

Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 39.63%.

UEC Dividends

Uranium Energy Corp’s next quarterly earnings report is expected to be released on 2024-Jun-10.

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

Upon looking at major shareholders, it appears that insiders hold 2.00% of Uranium Energy Corp shares, and 78.34% of them are in the hands of institutional investors. The stock currently has a share float of 79.94%. Uranium Energy Corp stock is held by 389.0 institutions, with MMCAP INTERNATIONAL INC. SPC being the largest institutional investor. By 2024-06-30, it held 7.8122% of the shares, which is about 31.57 million shares worth $189.73 million.

BLACKROCK INC., with 7.175% or 28.99 million shares worth $174.26 million as of 2024-06-30, holds the second largest percentage of outstanding shares.