Reassessing The Changing Outlook For Uranium Energy Corp (UEC)

Currently, there are 419.14M common shares owned by the public and among those 413.08M shares have been available to trade.

The company’s stock has a 5-day price change of -0.14% and -9.01% over the past three months. UEC shares are trading 5.68% year to date (YTD), with the 12-month market performance down to -8.66% lower. It has a 12-month low price of $4.06 and touched a high of $8.93 over the same period. UEC has an average intraday trading volume of 7.86 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -2.90%, -7.78%, and 6.11% respectively.

Institutional ownership of Uranium Energy Corp (AMEX: UEC) shares accounts for 70.91% of the company’s 419.14M shares outstanding.

It has a market capitalization of $2.99B and a beta (3y monthly) value of 1.90. The earnings-per-share (ttm) stands at -$0.13. Price movements for the stock have been influenced by the stock’s volatility, which stands at 7.36% over the week and 5.59% over the month.

Earnings per share for the fiscal year are expected to increase by 114.40%, and 1842.46% 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. Canaccord Genuity was of a view on April 22, 2022 that the stock is Hold, while Canaccord Genuity gave the stock Speculative Buy rating on October 14, 2020, issuing a price target of $1.50. ROTH Capital on their part issued Buy rating on October 25, 2017.

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