Analysts Update Their Price Forecasts For Uranium Energy Corp (UEC)

Uranium Energy Corp (UEC) concluded trading on Wednesday at a closing price of $6.44, with 5.72 million shares of worth about $36.84 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 36.44% during that period and on Wednesday the price saw a loss of about -0.92%. Currently the company’s common shares owned by public are about 392.98M shares, out of which, 385.81M shares are available for trading.

Stock saw a price change of 1.26% in past 5 days and over the past one month there was a price change of -19.30%. Year-to-date (YTD), UEC shares are showing a performance of 0.62% which increased to 81.41% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $2.30 but also hit the highest price of $8.34 during that period. The average intraday trading volume for Uranium Energy Corp shares is 8.77 million. The stock is currently trading -8.86% below its 20-day simple moving average (SMA20), while that difference is down -10.04% for SMA50 and it goes to 23.61% higher than SMA200.

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Uranium Energy Corp (AMEX: UEC) currently have 392.98M outstanding shares and institutions hold larger chunk of about 65.59% of that.

The stock has a current market capitalization of $2.53B and its 3Y-monthly beta is at 1.84. PE ratio of stock for trailing 12 months is 677.89, while it has posted earnings per share of $0.01 in the same period. It has Quick Ratio of 2.00 while making debt-to-equity ratio of 0.00. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for UEC, volatility over the week remained 5.39% while standing at 4.94% over the month.

Analysts are in expectations that Uranium Energy Corp (UEC) stock would likely to be making an EPS of $0.01 in the current quarter, while forecast for next quarter EPS is $0.02 and it is $0.11 for next year. For the current quarter EPS, analysts have given the company a lowest target $0.01 which is $0.01 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $0.03 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 139.17% while it is estimated to increase by 4294.18% in next year.

Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by TD Securities on September 13, 2023 offering a Speculative buy rating for the stock and assigned a target price of $6 to it. On April 22, 2022, Canaccord Genuity Downgrade their recommendations, while on October 14, 2020, Canaccord Genuity Initiated their ratings for the stock with a price target of $1.50. Stock get a Buy rating from ROTH Capital on October 25, 2017.

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