Growing Through Challenges? – Uranium Energy Corp (UEC)

Currently, there are 392.98M common shares owned by the public and among those 384.26M shares have been available to trade.

The company’s stock has a 5-day price change of -0.50% and 42.81% over the past three months. UEC shares are trading 24.06% year to date (YTD), with the 12-month market performance up to 99.50% higher. It has a 12-month low price of $2.30 and touched a high of $8.34 over the same period. UEC has an average intraday trading volume of 1.07 shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 2.16%, 12.80%, and 63.22% respectively.

Institutional ownership of Uranium Energy Corp (AMEX: UEC) shares accounts for 58.09% of the company’s 392.98M shares outstanding.

It has a market capitalization of $3.12B and a beta (3y monthly) value of 1.90. The stock’s trailing 12-month PE ratio is 835.79, while the earnings-per-share (ttm) stands at $0.01. Price movements for the stock have been influenced by the stock’s volatility, which stands at 4.92% over the week and 5.24% over the month.

Analysts forecast that Uranium Energy Corp (UEC) will achieve an EPS of $0.01 for the current quarter, $0.02 for the next quarter and $0.11 for 2025. The lowest estimate earnings-per-share for the quarter is $0.01 while analysts give the company a high EPS estimate of $0.01. Comparatively, EPS for the current quarter was $0.03 a year ago. Earnings per share for the fiscal year are expected to increase by 267.00%, and 544.61% over the next financial year.

Looking at the support for the UEC, a number of firms have released research notes about the stock. TD Securities stated their Speculative Buy rating for the stock in a research note on September 13, 2023, with the firm’s price target at $6.

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