Uranium Energy Corp (UEC) Has A Bright Growth Prospects For 2024

Uranium Energy Corp (AMEX:UEC) has a beta value of 1.85 and has seen 0.83 million shares traded in the recent trading session. The company, currently valued at $2.91B, closed the recent trade at $7.08 per share which meant it lost -$0.01 on the day or -0.08% during that session. The UEC stock price is -17.8% off its 52-week high price of $8.34 and 42.66% above the 52-week low of $4.06. If we look at the company’s 10-day average daily trading volume, we find that it stood at 7.08 million shares traded. The 3-month trading volume is 7.51 million shares.

The consensus among analysts is that Uranium Energy Corp (UEC) is Buy stock at the moment, with a recommendation rating of 1.00. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 0 out of 1 have rated it as a Hold, with 1 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is 0.02.

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Uranium Energy Corp (AMEX:UEC) trade information

Sporting -0.08% in the red today, the stock has traded in the green over the last five days, with the highest price hit on recent trading when the UEC stock price touched $7.08 or saw a rise of 1.67%. Year-to-date, Uranium Energy Corp shares have moved 10.69%, while the 5-day performance has seen it change 5.89%. Over the past 30 days, the shares of Uranium Energy Corp (AMEX:UEC) have changed 39.45%. Short interest in the company has seen 57.05 million shares shorted with days to cover at 6.56.

Wall Street analysts have a consensus price target for the stock at $9.5, which means that the shares’ value could jump 25.47% from the levels at last check today.. The projected low price target is $5.5 while the price target rests at a high of $10.25. In that case, then, we find that the latest price level in today’s session is -44.77% off the targeted high while a plunge would see the stock lose 22.32% from the levels at last check today..

Uranium Energy Corp (UEC) estimates and forecasts

Figures show that Uranium Energy Corp shares have outperformed across the wider relevant industry. The company’s shares have lost -1.20% over the past 6 months, with this year growth rate of 200.00%, compared to 17.80% for the industry. Revenue growth from the last financial year stood is estimated to be 45,346.40%.

1 analysts offering their estimates for the company have set an average revenue estimate of 17.1M for the current quarter. 1 have an estimated revenue figure of 15M for the next ending quarter.

If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was 5.49% over the past 5 years.

UEC Dividends

Uranium Energy Corp is expected to release its next earnings report on 2024-Dec-09 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.

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

Insiders own 2.00% of the company shares, while shares held by institutions stand at 77.95% with a share float percentage of 79.54%. Investors are also buoyed by the number of investors in a company, with Uranium Energy Corp having a total of 387.0 institutions that hold shares in the company. The top two institutional holders are MMCAP INTERNATIONAL INC. SPC with over 31.57 million shares worth more than $189.73 million. As of 2024-06-30, MMCAP INTERNATIONAL INC. SPC held 7.8122% of shares outstanding.

The other major institutional holder is BLACKROCK INC., with the holding of over 28.99 million shares as of 2024-06-30. The firm’s total holdings are worth over $174.26 million and represent 7.175% of shares outstanding.

Also the top two Mutual Funds that are holding company’s shares are Global X Fds-Global X Uranium ETF and Vanguard Total Stock Market Index Fund . As of Aug 31, 2024 , the former fund manager holds about 6.27% shares in the company for having 25.78 shares of worth $183.73 million while later fund manager owns 12.39 shares of worth $88.3 million as of Jun 30, 2024 , which makes it owner of about 3.01% of company’s outstanding stock.