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A Technical View of the Uranium Energy Corp. (UEC)

Uranium Energy Corp. (AMEX:UEC) saw an upside of 3.20% to close Monday at $3.87 after adding $0.12 on the day. The 5-day average trading volume is 6,092,660…

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This article was originally published by Fosters Leader

Uranium Energy Corp. (AMEX:UEC) saw an upside of 3.20% to close Monday at $3.87 after adding $0.12 on the day. The 5-day average trading volume is 6,092,660 shares of the company’s common stock. It has gained $3.96 in the past week and touched a new high 1 time within the past 5 days. An average of 6,002,265 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 7,602,266.

UEC’s 1-month performance is 11.85% or $0.14 on its low of $3.46 reached on 01/19/23. The company’s shares have touched a 52-week low of $2.34 and high of $6.60, with the stock’s rally to the 52-week high happening on 01/11/23. YTD, UEC has lost -0.26% or -$0.01 and has reached a new high 3 times. However, the current price is down -41.36% from the 52-week high price.

Valuation Metrics

UEC stock has a beta of 2.07. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 8.81 while the price-to-book (PB) in the most recent quarter is 2.24.

Uranium Energy Corp.’s quick ratio for the period ended October 30 was 1.50, with the current ratio over the same period at 3.10. In terms of profitability, the gross margin trailing 12 months is 21.40%. The firm’s gross profit as reported stood at $7.29 million against revenue of $23.16 million.

Earnings Surprise

For the quarterly period ending October 30 this year, Net income and sales went up compared to those figures reported in the previous quarter. Net income grew 44.95% to -$3.76 million, while revenue of $5.46 million was 245.21% off the previous quarter. Analysts expected UEC to announce -$0.02 per share in earnings in its latest quarter, but it posted -$0.02, representing a 0.00% surprise. EBITDA for the quarter stood at more than $4.08 million. UEC stock balance sheet for the quarter ending October 30 shows that total liabilities totaled 114.05 million, with total debt at $1.01 million. Shareholders hold equity totaling $369.8 million.

Let’s look briefly at Uranium Energy Corp. (UEC) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 23 January was 56.72% to suggest the stock is trending Neutral, with historical volatility in this time period at 41.99%.

The stock’s 5-day moving average is $3.73, reflecting a -1.78% or -$0.07 change from its current price. UEC is currently trading +4.88% above its 20-day SMA, -13.42% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -3.25% and SMA200 by-18.18%.

Stochastic %K and %D was 51.15% and 36.60% and the average true range (ATR) pointed at 0.19. The RSI (14) points at 54.88%, while the 14-day stochastic is at 70.69% with the period’s ATR at 0.19. The stock’s 9-day MACD Oscillator is pointing at -0.07 and -0.06 on the 14-day charts.

Analyst Ratings

In the most recent analyst report for Uranium Energy Corp. (AMEX: UEC), Canaccord Genuity upgraded it to a Speculative buy rating. They previously had a Hold rating on the stock. Analysts offering their rating for UEC stock have a consensus rating for the stock as Buy. Currently, 0 brokerage advisors rate UEC as a “sell,”, while 0 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 6 have offered a “buy” rating.

What is UEC’s price target for the next 12 months?

Analysts have a consensus price target ranging from a low of $6.00 and a high of $8.25, with their median price target at $6.80. Looking at these predictions, the average price target given by analysts is for Uranium Energy Corp. (UEC) stock is $6.89.

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