In the latest trading session, 1.77 million Uranium Energy Corp (AMEX:UEC) shares changed hands as the company’s beta touched 1.86. With the company’s most recent per share price at $8.20 changing hands around $0.1 or 1.20% at last look, the market valuation stands at $3.37B. UEC’s current price is a discount, trading about -6.95% off its 52-week high of $8.77. The share price had its 52-week low at $4.06, which suggests the last value was 50.49% up since then. When we look at Uranium Energy Corp’s average trading volume, we note the 10-day average is 9.37 million shares, with the 3-month average coming to 8.97 million.
Analysts gave the Uranium Energy Corp (UEC) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.00. If we narrow down to specifics, the data shows that 0 out of 1 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 0 recommended UEC as a Hold, 1 felt it is a Buy and 0 rated the stock as Underweight. Uranium Energy Corp’s EPS for the current quarter is expected to be 0.
Uranium Energy Corp (AMEX:UEC) trade information
Instantly UEC is in green as seen in intraday trades today. With action 1.45%, the performance over the past five days has been green. The company’s shares are showing year-to-date upside of 28.08%, with the 5-day performance at 1.45% in the green. However, in the 30-day time frame, Uranium Energy Corp (AMEX:UEC) is 12.45% up. Looking at the short shares, we see there were 52.57 million shares sold at short interest cover period of 5.37 days.
The consensus price target for the stock as assigned by Wall Street analysts is 9.5, meaning bulls need an upside of 13.68% from its recent market value. According to analyst projections, UEC’s forecast low is 5.5 with 10.25 as the target high. To hit the forecast high, the stock’s price needs a -25.0% plunge from its current level, while the stock would need to tank 32.93% for it to hit the projected low.
Uranium Energy Corp (UEC) estimates and forecasts
Data shows that the Uranium Energy Corp share is performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot 24.96% over the past 6 months, a 200.00% in annual growth rate that is considerably higher than the industry average of 10.20%. Year-over-year growth is forecast to reach 51,283.93% up from the last financial year.
Consensus estimates given by 1 financial analysts project the company’s revenue in the current quarter to hit an average of 17.1M. 1 analysts are of the opinion that Uranium Energy Corp’s revenue for the current quarter will be 12.8M. The company’s revenue for the corresponding quarters a year ago was 108k and 116k respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 15,733.33%. The estimates for the next quarter sales put growth at 10,934.48%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 5.49%. The 2024 estimates are for Uranium Energy Corp earnings to increase by 157.24%.
UEC Dividends
Uranium Energy Corp is expected to release its next quarterly earnings report in January.
Uranium Energy Corp (AMEX:UEC)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 2.00% of Uranium Energy Corp shares while 78.47% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 80.08%. There are 78.47% institutions holding the Uranium Energy Corp stock share, with MMCAP INTERNATIONAL INC. SPC the top institutional holder. As of 2024-06-30, the company held 7.8122% of the shares, roughly 31.57 million UEC shares worth $189.73 million.
BLACKROCK INC. holds the second largest percentage of outstanding shares, with 7.175% or 28.99 million shares worth $174.26 million as of 2024-06-30.
Among Mutual Funds, the top two as of Sep 30, 2024 were Global X Fds-Global X Uranium ETF and Vanguard Total Stock Market Index Fund. With 26.67 shares estimated at $216.79 million under it, the former controlled 6.48% of total outstanding shares. On the other hand, Vanguard Total Stock Market Index Fund held about 3.01% of the shares, roughly 12.39 shares worth around $100.7 million.
