Why Ur-Energy Inc (AMEX: URG) Is A Stock Not To Be Discarded In 2024

In the last trading session, 3.05 million shares of the Ur-Energy Inc (AMEX:URG) were traded, and its beta was 1.11. Most recently the company’s share price was $1.26, and it changed around -$0.04 or -3.08% from the last close, which brings the market valuation of the company to $458.77M. URG currently trades at a discount to its 52-week high of $2.01, offering almost -59.52% off that amount. The share price’s 52-week low was $0.96, which indicates that the current value has risen by an impressive 23.81% since then. We note from Ur-Energy Inc’s average daily trading volume that its 10-day average is 3.01 million shares, with the 3-month average coming to 4.15 million.

Ur-Energy Inc 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 0 out of 6 analysts rate the stock as a Sell; another 2 rate it as Overweight. Among the rest, 0 recommended URG as a Hold, whereas 4 deemed it a Buy, and 0 rated it as Underweight. Ur-Energy Inc is expected to report earnings per share of -0.02 for the current quarter.

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Ur-Energy Inc (AMEX:URG) trade information

Instantly URG has showed a red trend with a performance of -3.08% at the end of last trading. The performance over the last five days has remained in the red territory. The rise to weekly highs of 1.3250 on recent trading dayincreased the stock’s daily price by 4.91%. The company’s shares are currently down -18.18% year-to-date, but still down -3.82% over the last five days. On the other hand, Ur-Energy Inc (AMEX:URG) is 3.28% up in the 30-day period. We can see from the shorts that 14.66 million shares have been sold at a short interest cover period of 3.48 day(s).

The consensus price target as assigned by Wall Street analysts is $3.4, which translates to bulls needing to increase their stock price by 62.94% from its current value. Analyst projections state that URG is forecast to be at a low of $3.4 and a high of $3.4.

Ur-Energy Inc (URG) estimates and forecasts

Ur-Energy Inc share prices are performing particularly well not compared to other companies within the same industry. As is evident from the statistics, the company’s shares have fallen -16.56 percent over the past six months and at a -16.67% annual growth rate that is well below the industry average of 9.80%. The year-over-year growth rate is expected to be 85.75%, up from the previous year.

Consensus estimates provided by 4 financial analysts predict the company will bring in an average of 21.77M in revenue for the current quarter. 1 analysts expect Ur-Energy Inc to make 3.7M in revenue for the current ending quarter. Analysts predict that the company’s current quarter sales will jump, forecast at 300.20%. Forecasts for the next quarter put sales growth at 0.00%.

URG Dividends

Ur-Energy Inc’s next quarterly earnings report is expected to be released in January.

Ur-Energy Inc (AMEX:URG)’s Major holders

Upon looking at major shareholders, it appears that insiders hold 1.34% of Ur-Energy Inc shares, and 82.68% of them are in the hands of institutional investors. The stock currently has a share float of 83.80%. Ur-Energy Inc stock is held by 155.0 institutions, with MMCAP INTERNATIONAL INC. SPC being the largest institutional investor. By 2024-06-30, it held 7.9553% of the shares, which is about 22.78 million shares worth $31.89 million.

ALPS ADVISORS INC, with 7.8767% or 22.56 million shares worth $31.58 million as of 2024-06-30, holds the second largest percentage of outstanding shares.