Now Is The Time To Build A Position In Uranium Energy Corp (AMEX:UEC)

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Uranium Energy Corp (AMEX:UEC)’s traded shares stood at 1.28 million during the latest session, with the company’s beta value hitting 1.85. At the last check today, the stock’s price was $7.91, to imply an increase of 1.80% or $0.14 in intraday trading. The UEC share’s 52-week high remains $8.67, putting it -9.61% down since that peak but still an impressive 48.67% since price per share fell to its 52-week low of $4.06. The company has a valuation of $3.25B, with an average of 12.11 million shares in intraday trading volume over the past 10 days and average of 8.48 million shares over the past 3 months.

Analysts have given a consensus recommendation of Buy for Uranium Energy Corp (UEC), translating to a mean rating of 1.00. Of 1 analyst(s) looking at the stock, 0 analyst(s) give UEC a Sell rating. 0 of those analysts rate the stock as Overweight while 0 advise Hold as 1 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at 0.04.

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Uranium Energy Corp (AMEX:UEC) trade information

After registering a 1.80% upside in the latest session, Uranium Energy Corp (UEC) has traded red over the past five days. The 5-day price performance for the stock is -5.27%, and 23.02% over 30 days. With these gigs, the year-to-date price performance is 23.59%. Short interest in Uranium Energy Corp (AMEX:UEC) saw shorts transact 57.05 million shares and set a 6.56 days time to cover.

The extremes give us $5.5 and $10.25 for target low and target high price respectively. As such, UEC has been trading -29.58% off suggested target high and 30.47% from its likely low.

Uranium Energy Corp (UEC) estimates and forecasts

Looking at statistics comparing Uranium Energy Corp share performance against respective industry, we note that the company has outperformed competitors. Uranium Energy Corp (UEC) shares are 18.77% up over the last 6 months, with its year-to-date growth rate higher than industry average at 200.00% against 16.20%. Revenue is forecast to grow 33.30% this quarter before falling -100.00% for the next one. The rating firms project that company’s revenue will grow 44,833.00% compared to the previous financial year.

Revenue forecast for the current quarter as set by 1 analysts is 17.1M. Meanwhile, for the current quarter, a total of 1 analyst(s) estimate revenue growth to 12.8M.

UEC Dividends

Uranium Energy Corp has its next earnings report out in November. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too.

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

Uranium Energy Corp insiders hold 2.00% of total outstanding shares, with institutional holders owning 78.08% of the shares at 79.68% float percentage. In total, 78.08% institutions holds shares in the company, led by MMCAP INTERNATIONAL INC. SPC. As of 2024-06-30, the company held over 31.57 million shares (or 7.8122% of shares), all amounting to roughly $189.73 million.

The next major institution holding the largest number of shares is BLACKROCK INC. with 28.99 million shares, or about 7.175% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $174.26 million.

We also have Global X Fds-Global X Uranium ETF and Vanguard Total Stock Market Index Fund as the top two Mutual Funds with the largest holdings of the Uranium Energy Corp (UEC) shares. Going by data provided on Sep 30, 2024, Global X Fds-Global X Uranium ETF holds roughly 26.67 shares. This is just over 6.48% of the total shares, with a market valuation of $210.82 million. Data from the same date shows that the other fund manager holds a little less at 12.39, or 3.01% of the shares, all valued at about 97.93 million.