In the last trading session, 20.04 million shares of the Uranium Energy Corp (AMEX:UEC) were traded, and its beta was 1.84. Most recently the company’s share price was $8.28, and it changed around $0.86 or 11.59% from the last close, which brings the market valuation of the company to $3.43B. UEC currently trades at a discount to its 52-week high of $8.67, offering almost -4.71% off that amount. The share price’s 52-week low was $4.06, which indicates that the current value has risen by an impressive 50.97% since then. We note from Uranium Energy Corp’s average daily trading volume that its 10-day average is 8.69 million shares, with the 3-month average coming to 8.46 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 7 analysts rate the stock as a Sell; another 2 rate it as Overweight. Among the rest, 0 recommended UEC as a Hold, whereas 4 deemed it a Buy, and 0 rated it as Underweight. Uranium Energy Corp is expected to report earnings per share of -0.01 for the current quarter.
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Uranium Energy Corp (AMEX:UEC) trade information
Instantly UEC has showed a green trend with a performance of 11.59% 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 8.50 on recent trading dayincreased the stock’s daily price by 2.59%. The company’s shares are currently up 29.37% year-to-date, but still up 7.81% over the last five days. On the other hand, Uranium Energy Corp (AMEX:UEC) is -2.13% down in the 30-day period. We can see from the shorts that 52.41 million shares have been sold at a short interest cover period of 5.85 day(s).
The consensus price target as assigned by Wall Street analysts is $9.5, which translates to bulls needing to increase their stock price by 12.84% from its current value. Analyst projections state that UEC is forecast to be at a low of $5.5 and a high of $10.25.
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 risen 9.96 percent over the past six months and at a 200.00% annual growth rate that is well above the industry average of 13.80%. Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will loss -200.00% in revenue this quarter, and will report a decrease of -300.00% in the next quarter. The year-over-year growth rate is expected to be 51,283.93%, up from the previous year.
Consensus estimates provided by 1 financial analysts predict the company will bring in an average of 17.1M in revenue for the current quarter. 1 analysts expect Uranium Energy Corp to make 12.8M in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 108k and 116k respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 15,733.33%. Forecasts for the next quarter put sales growth at 10,934.48%.
Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 5.49%.
UEC Dividends
Uranium Energy Corp’s next quarterly earnings report is expected to be released in December.
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 80.05% of them are in the hands of institutional investors. The stock currently has a share float of 81.68%. Uranium Energy Corp stock is held by 400.0 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.
