In the latest trading session, 0.5 million enCore Energy Corp (NASDAQ:EU) shares changed hands as the company’s beta touched 1.59. With the company’s most recent per share price at $1.14 changed hands at -$0.02 or -1.81% at last look, the market valuation stands at $212.15M. EU’s current price is a discount, trading about -342.98% off its 52-week high of $5.05. The share price had its 52-week low at $1.01, which suggests the last value was 11.4% up since then. When we look at enCore Energy Corp’s average trading volume, we note the 10-day average is 2.19 million shares, with the 3-month average coming to 2.18 million.
Analysts gave the enCore Energy Corp (EU) 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 EU as a Hold, 1 felt it is a Buy and 0 rated the stock as Underweight. enCore Energy Corp’s EPS for the current quarter is expected to be -0.03.
enCore Energy Corp (NASDAQ:EU) trade information
Instantly EU was in red as seen in intraday trades today. With action -16.86%, the performance over the past five days has been red. The company’s shares are showing year-to-date downside of -66.60%, with the 5-day performance at -16.86% in the red. However, in the 30-day time frame, enCore Energy Corp (NASDAQ:EU) is -29.25% down. Looking at the short shares, we see there were 10.2 million shares sold at short interest cover period of 3.02 days.
The consensus price target for the stock as assigned by Wall Street analysts is 7, meaning bulls need an upside of 83.71% from its recent market value. According to analyst projections, EU’s forecast low is 7 with 7 as the target high. To hit the forecast high, the stock’s price needs a -514.04% plunge from its current level, while the stock would need to soar -514.04% for it to hit the projected low.
enCore Energy Corp (EU) estimates and forecasts
Year-over-year growth is forecast to reach 0.12% up from the last financial year.
Consensus estimates given by 2 financial analysts project the company’s revenue in the current quarter to hit an average of 17.16M. 2 analysts are of the opinion that enCore Energy Corp’s revenue for the current quarter will be 18.53M. The estimates for the next quarter sales put growth at 153.72%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of -112.98%. The 2025 estimates are for enCore Energy Corp earnings to increase by 70.59%.
enCore Energy Corp (NASDAQ:EU)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 2.19% of enCore Energy Corp shares while 48.54% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 49.63%. There are 48.54% institutions holding the enCore Energy Corp stock share, with MIRAE ASSET GLOBAL ETFS HOLDINGS LTD. the top institutional holder. As of 2024-06-30, the company held 6.8209% of the shares, roughly 12.17 million EU shares worth $47.75 million.
BLACKROCK INC. holds the second largest percentage of outstanding shares, with 5.8064% or 10.36 million shares worth $40.8 million as of 2024-06-30.
Among Mutual Funds, the top two as of Dec 31, 2024 were SPROTT FUNDS TRUST-SPROTT URANIUM MINERS ETF and GLOBAL X FUNDS-Global X Uranium ETF. With 11.51 shares estimated at $13.53 million under it, the former controlled 6.18% of total outstanding shares. On the other hand, GLOBAL X FUNDS-Global X Uranium ETF held about 5.88% of the shares, roughly 10.97 shares worth around $12.89 million.
