Uranium Energy Corp (AMEX: UEC): It Is A Stock Worth Considering Today

In today’s recent session, 1.15 million shares of the Uranium Energy Corp (AMEX:UEC) have been traded, and its beta is 1.86. Most recently the company’s share price was $8.06, and it changed around $0.05 or 0.69% from the last close, which brings the market valuation of the company to $3.41B. UEC at last check was trading at a discount to its 52-week high of $8.93, offering almost -10.79% off that amount. The share price’s 52-week low was $4.06, which indicates that the recent value has risen by an impressive 49.63% since then. We note from Uranium Energy Corp’s average daily trading volume that its 10-day average is 6.96 million shares, with the 3-month average coming to 8.88 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 0 out of 6 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.

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Uranium Energy Corp (AMEX:UEC) trade information

Instantly UEC has been showing a green trend so far today with a performance of 0.69% on intraday trading today. The performance over the last five days has remained in the red territory. The rise to weekly highs of 8.93 on recent trading dayincreased the stock’s daily price by 9.74%. The company’s shares are currently up 26.02% year-to-date, but still down -1.53% over the last five days. On the other hand, Uranium Energy Corp (AMEX:UEC) is 1.70% up in the 30-day period. We can see from the shorts that 52.57 million shares have been sold at a short interest cover period of 5.37 day(s).

The consensus price target as assigned by Wall Street analysts is $9.88, which translates to bulls needing to increase their stock price by 18.42% from its current value. Analyst projections state that UEC is forecast to be at a low of $9.5 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 44.79 percent over the past six months and at a 200.00% annual growth rate that is well above the industry average of 9.40%.

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 January.

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 78.48% of them are in the hands of institutional investors. The stock currently has a share float of 80.08%. Uranium Energy Corp stock is held by 404.0 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.

Global X Fds-Global X Uranium ETF and Vanguard Total Stock Market Index Fund were the top two Mutual Funds as of Oct 31, 2024. The former held 26.82 shares worth $219.1 million, making up 6.34% of all outstanding shares. On the other hand, Vanguard Total Stock Market Index Fund held roughly 12.69 shares worth around $103.68 million, which represents about 3.00% of the total shares outstanding.