An Analysis Of Uranium Energy Corp. (UEC)’s Weekly Performance

As of Thursday close, Uranium Energy Corp.’s (AMEX:UEC) stock was down -$0.44, moving down -9.84 percent to $4.03. The average number of shares traded per day over the past five days has been 22,697,221 shares. 4 times new highs have been achieved over the past 5 days, with a -$0.16 fall in that time frame. In the last twenty days, the average volume was 18,763,686, while in the previous 50 days, it was 17,049,977.

Since last month, UEC stock rose 19.23%. Shares of the company fell to $2.95 on 05/12/22, the lowest level in the past month. A 52-week high of $6.60 was reached on 04/13/22 after having rallying from a 52-week low of $1.89. Since the beginning of this year, UEC’s stock price has risen by 20.30% or $0.68, and marked a new high 11 times. However, the stock has declined by -38.94% since its 52-week high.

Uranium Energy Corp. (UEC) last reported insider trading activity 259 days ago on Sep 24. Ballesta Moya Gloria L, the Director of the company, disposed of 10,000 shares for $2.92 on Sep 24. It resulted in a $29,200 divestment by the insider. Adnani Amir sold 109,220 shares at an average price of $2.28 on Jul 28. The insider now owns 3,049,902 shares following the transaction. On Jul 28, Chief Financial Officer OBARA PAT sold 20,000 shares at $2.29 apiece. The transaction was valued at $45,700.

Valuation Metrics

The stock’s beta is 2.01. Besides these, the trailing price-to-sales (P/S) ratio of 91.88, the price-to-book (PB) ratio of 3.88.

Financial Health

In the three months ended January 30, Uranium Energy Corp.’s quick ratio stood at 6.50, while its current ratio was 16.70, showing that the company is able to pay off its debt. On the profitability front, the trailing twelve-month gross margin is 29.90% percent. Based on annual data, UEC earned $2.88 million in gross profit and brought in $17.51 million in revenue.

UEC’s revenue rose 100.0% during the quarter, while net income inched up to $13.19 million. While analysts expected Uranium Energy Corp. to report $0 quarterly earnings, the actual figure was -$0.02 per share. During the quarter, the company generated -$4.27 million in EBITDA. The liabilities of Uranium Energy Corp. were 22.37 million at the end of its most recent quarter ended January 30, and its total debt was $1.4 million. The value of shareholders’ equity is $283.01 million.

Technical Picture

This quick technical analysis looks at Uranium Energy Corp.’s (UEC) price momentum. With a historical volatility rate of 139.08%, the RSI 9-day stood at 51.46% on 09 June.

With respect to its five-day moving average, the current Uranium Energy Corp. price is down by -3.82% percent or -$0.16. At present, UEC shares trade +25.55% above its 20-day simple moving average and +21.39% percent above its 100-day simple moving average. However, the stock is currently trading approximately -11.23% below its SMA50 and +76.75% above its SMA200.

Stochastic coefficient K was 78.58% and Stochastic coefficient D was 81.79%, while ATR was 0.41. Given the Stochastic reading of 54.90% for the 14-day period, the RSI (14) reading has been calculated as 50.47%. As of today, the MACD Oscillator reading stands at 0.31, while the 14-day reading stands at 0.49.

Analyst Ratings

Uranium Energy Corp. downgraded its rating on Uranium Energy Corp. (AMEX: UEC) to a Hold in a note to investors on April 22, 2022. The analysts firm previously had a Speculative buy rating on the stock.Uranium Energy Corp. (UEC) has been rated Overweight by analysts. According to 0 brokerage firms, UEC is a sell, and 1 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate Uranium Energy Corp. stock as buy, with 3 recommending it as overweight.

With a median target price of $6.65, the current consensus forecast for the stock is $5.50 – $7.10. Based on these forecasts, analysts predict Uranium Energy Corp. (UEC) will achieve an average price target of $6.48.

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