In the last trading session, 1.23 million shares of the enCore Energy Corp (NASDAQ:EU) were traded, and its beta was 1.73. Most recently the company’s share price was $1.63, and it changed around -$0.02 or -1.21% from the last close, which brings the market valuation of the company to $303.60M. EU currently trades at a discount to its 52-week high of $5.05, offering almost -209.82% off that amount. The share price’s 52-week low was $1.26, which indicates that the current value has risen by an impressive 22.7% since then. We note from enCore Energy Corp’s average daily trading volume that its 10-day average is 1.9 million shares, with the 3-month average coming to 2.10 million.
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 7 analysts rate the stock as a Sell; another 2 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 -0.03 for the current quarter.
enCore Energy Corp (NASDAQ:EU) trade information
Instantly EU has showed a red trend with a performance of -1.21% 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 1.6900 on recent trading dayincreased the stock’s daily price by 3.55%. The company’s shares are currently down -52.20% year-to-date, but still up 5.84% over the last five days. On the other hand, enCore Energy Corp (NASDAQ:EU) is -38.26% down in the 30-day period. We can see from the shorts that 10.2 million shares have been sold at a short interest cover period of 6.23 day(s).
The consensus price target as assigned by Wall Street analysts is $7, which translates to bulls needing to increase their stock price by 76.71% 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 (EU) estimates and forecasts
The year-over-year growth rate is expected to be 0.12%, up from the previous year.
Consensus estimates provided by 2 financial analysts predict the company will bring in an average of 17.16M in revenue for the current quarter. 2 analysts expect enCore Energy Corp to make 18.53M in revenue for the current ending quarter. Forecasts for the next quarter put sales growth at 153.72%. Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of -112.98%.
enCore Energy Corp (NASDAQ:EU)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 2.18% of enCore Energy Corp shares, and 48.72% of them are in the hands of institutional investors. The stock currently has a share float of 49.80%. enCore Energy Corp stock is held by 179.0 institutions, with MIRAE ASSET GLOBAL ETFS HOLDINGS LTD. being the largest institutional investor. By 2024-06-30, it held 6.8209% of the shares, which is about 12.17 million shares worth $47.75 million.
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.
SPROTT URANIUM MINERS ETF and Global X Uranium ETF were the top two Mutual Funds as of Dec 31, 2024 . The former held 11.51 shares worth $18.76 million, making up 6.18% of all outstanding shares. On the other hand, Global X Uranium ETF held roughly 11.38 shares worth around $18.54 million, which represents about 6.11% of the total shares outstanding.
