enCore Energy Corp (NASDAQ: EU): A Business Review And Growth Forecast

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In the last trading session, 0.96 million shares of the enCore Energy Corp (NASDAQ:EU) were traded, and its beta was 1.70. Most recently the company’s share price was $1.53, and it changed around $0.18 or 13.28% from the last close, which brings the market valuation of the company to $283.44M. EU currently trades at a discount to its 52-week high of $5.05, offering almost -230.07% off that amount. The share price’s 52-week low was $1.26, which indicates that the current value has risen by an impressive 17.65% since then.

enCore 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 1 rate it as Overweight. Among the rest, 0 recommended EU as a Hold, whereas 5 deemed it a Buy, and 0 rated it as Underweight. enCore Energy Corp is expected to report earnings per share of 0 for the current quarter.

enCore Energy Corp (NASDAQ:EU) trade information

Instantly EU has showed a green trend with a performance of 13.28% 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 2.6700 on recent trading dayincreased the stock’s daily price by 42.7%. The company’s shares are currently down -55.15% year-to-date, but still down -38.33% over the last five days. On the other hand, enCore Energy Corp (NASDAQ:EU) is -53.80% down in the 30-day period.

The consensus price target as assigned by Wall Street analysts is $7, which translates to bulls needing to increase their stock price by 78.14% from its current value. Analyst projections state that EU is forecast to be at a low of $7 and a high of $7.

enCore Energy Corp (NASDAQ:EU)’s Major holders

AZARIAS CAPITAL MANAGEMENT, L.P., with 2.6996% or 4.81 million shares worth $20.59 million as of 2024-06-30, holds the second largest percentage of outstanding shares.

Global X Fds-Global X Uranium ETF and Sprott Uranium Miners ETF were the top two Mutual Funds as of Nov 30, 2024. The former held 12.16 shares worth $18.06 million, making up 6.53% of all outstanding shares. On the other hand, Sprott Uranium Miners ETF held roughly 11.51 shares worth around $17.09 million, which represents about 6.18% of the total shares outstanding.