Uranium Energy Corp (AMEX:UEC) Has Reached A Distance Of 49.12% From Its Low, So Is It Poised For More Gains?

In last trading session, Uranium Energy Corp (AMEX:UEC) saw 9.31 million shares changing hands with its beta currently measuring 1.84. Company’s recent per share price level of $7.98 trading at $0.45 or 5.98% at ring of the bell on the day assigns it a market valuation of $3.28B. That closing price of UEC’s stock is at a discount of -8.65% from its 52-week high price of $8.67 and is indicating a premium of 49.12% from its 52-week low price of $4.06. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 7.0 million shares which gives us an average trading volume of 8.11 million if we extend that period to 3-months.

For Uranium Energy Corp (UEC), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 1.00. Splitting up the data highlights that, out of 1 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 0 suggested the stock as a Hold whereas 1 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of 0.01 in the current quarter.

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Uranium Energy Corp (AMEX:UEC) trade information

Upright in the green during last session for gaining 5.98%, in the last five days UEC remained trading in the green while hitting it’s week-highest on Thursday, 11/07/24 when the stock touched $7.98 price level, adding 0.87% to its value on the day. Uranium Energy Corp’s shares saw a change of 24.69% in year-to-date performance and have moved 7.55% in past 5-day. Uranium Energy Corp (AMEX:UEC) showed a performance of 18.05% in past 30-days. Number of shares sold short was 55.04 million shares which calculate 6.48 days to cover the short interests.

Wall Street analysts have assigned a consensus price target of 9.5 to the stock, which implies a rise of 16.0% to its current value. Analysts have been projecting 5.5 as a low price target for the stock while placing it at a high target of 10.25. It follows that stock’s current price would jump 31.08% in reaching the projected high whereas dropping to the targeted low would mean a gain of 31.08% for stock’s current value.

Uranium Energy Corp (UEC) estimates and forecasts

Statistics highlight that Uranium Energy Corp is scoring comparatively higher than the scores of other players of the relevant industry. The company added 9.77% of value to its shares in past 6 months, showing an annual growth rate of 200.00% while that of industry is 14.30. Apart from that, the company came raising its revenue forecast for fiscal year 2024. This year revenue growth is estimated to rise 44,833.00% from the last financial year’s standing.

1 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 17.1M for the same. And 1 analysts are in estimates of company making revenue of 12.8M in the next quarter.

Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of 5.49% during past 5 years.

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

Insiders are in possession of 2.00% of company’s total shares while institution are holding 78.25 percent of that, with stock having share float percentage of 79.85%. Investors also watch the number of corporate investors in a company very closely, which is 78.25% institutions for Uranium Energy Corp that are currently holding shares of the company. MMCAP INTERNATIONAL INC. SPC is the top institutional holder at UEC for having 31.57 million shares of worth $189.73 million. And as of 2024-06-30, it was holding 7.8122 of the company’s outstanding shares.

The second largest institutional holder is BLACKROCK INC., which was holding about 28.99 million shares on 2024-06-30. The number of shares represents firm’s hold over 7.175 of outstanding shares, having a total worth of $174.26 million.