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Does Ur-Energy Inc. (AMEX: URG) Still Look Attractive After A -5.50% Selloff Last Week?

During the last session, Ur-Energy Inc. (AMEX:URG)’s traded shares were 1.48 million, with the beta value of the company hitting 1.37. At the end of…

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This article was originally published by The Marketing Sentinal

During the last session, Ur-Energy Inc. (AMEX:URG)’s traded shares were 1.48 million, with the beta value of the company hitting 1.37. At the end of the trading day, the stock’s price was $1.03, reflecting an intraday gain of 1.98% or $0.02. The 52-week high for the URG share is $2.15, that puts it down -108.74 from that peak though still a striking 3.88% gain since the share price plummeted to a 52-week low of $0.99. The company’s market capitalization is $227.26M, and the average intraday trading volume over the past 10 days was 1.47 million shares, and the average trade volume was 1.94 million shares over the past three months.

Ur-Energy Inc. (AMEX:URG) trade information

Ur-Energy Inc. (URG) registered a 1.98% upside in the last session and has traded in the red over the past 5 sessions. The stock spiked 1.98% in intraday trading to $1.03 this Thursday, 07/14/22, hitting a weekly high. The stock’s 5-day price performance is -5.50%, and it has moved by -11.97% in 30 days. Based on these gigs, the overall price performance for the year is -11.21%. The short interest in Ur-Energy Inc. (AMEX:URG) is 8.21 million shares and it means that shorts have 3.06 day(s) to cover.

The consensus price target of analysts on Wall Street is $2.88, which implies an increase of 64.24% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $2.75 and $3.00 respectively. As a result, URG is trading at a discount of -191.26% off the target high and -166.99% off the low.

Ur-Energy Inc. (URG) estimates and forecasts

Statistics show that Ur-Energy Inc. has outperformed its competitors in share price, compared to the industry in which it operates. Ur-Energy Inc. (URG) shares have gone down -25.90% during the last six months, with a year-to-date growth rate more than the industry average at 85.71% against 16.80. Yet analysts are ramping up their growth forecast for the fiscal year 2022. Revenue is predicted to grow 75.00% this quarter and then jump 100.00% in the quarter after that. In the rating firms’ projections, revenue will increase 60,025.00% compared to the previous financial year.

An analysis of the company’s performance over the past 5 years shows that the company’s earnings shrunk an estimated -40.80%. While earnings are projected to return -30.20% in 2022.

URG Dividends

Ur-Energy Inc. is due to release its next quarterly earnings between February 24 and February 28. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.

Ur-Energy Inc. (AMEX:URG)’s Major holders

Ur-Energy Inc. insiders own 2.83% of total outstanding shares while institutional holders control 34.52%, with the float percentage being 35.53%. Mirae Asset Global Investments Co., Ltd. is the largest shareholder of the company, while 119 institutions own stock in it. As of Mar 30, 2022, the company held over 10.98 million shares (or 5.01% of all shares), a total value of $17.57 million in shares.

The next largest institutional holding, with 9.76 million shares, is of CQS (US), LLC’s that is approximately 4.45% of outstanding shares. At the market price on Mar 30, 2022, these shares were valued at $15.61 million.

Also, the Mutual Funds coming in first place with the largest holdings of Ur-Energy Inc. (URG) shares are Global X Fds-Global X Uranium ETF and Exchange Traded Concepts Tr-North Shore Global Uranium Mining ETF. Data provided on Jan 30, 2022 indicates that Global X Fds-Global X Uranium ETF owns about 9.46 million shares. This amounts to just over 4.31 percent of the company’s overall shares, with a $11.16 million market value. The same data shows that the other fund manager holds slightly less at 7.86 million, or about 3.59% of the stock, which is worth about $11.63 million.

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