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Uranium Energy Corp. (UEC): Find Out What Insiders Are Doing

Uranium Energy Corp. (AMEX:UEC) finished Thursday with a subtraction of -$0.1 to close at $3.08, a downside of -3.14 percent. An average of 9,575,680 shares…

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This article was originally published by Fosters Leader

Uranium Energy Corp. (AMEX:UEC) finished Thursday with a subtraction of -$0.1 to close at $3.08, a downside of -3.14 percent. An average of 9,575,680 shares of common stock have been traded in the last five days. There was a fall of -$0.20 in the past week, and it reached a new high 21 times over the past 12 months. The last 20 days have seen an average of 14,808,900 shares traded, while the 50-day average volume stands at 15,590,348.

UEC stock has decreased by -19.37% in the last month. The company shares reached their 1-month lowest point of $3.01 on 06/30/22. With the stock rallying to its 52-week high on 04/13/22, shares of the company touched a low of $1.89 and a high of $6.60 in 52 weeks. It has reached a new high 11 times so far this year and lost -8.06% or -$0.27 in price. In spite of this, the price is down -53.33% from the 52-week high.

Insider Transactions

280 days have passed since Uranium Energy Corp. (UEC) last reported insider trading activity. Ballesta Moya Gloria L, who is Director, most recently acquired $10,000 shares at $2.92 per share on Sep 24. In this transaction, the insider spent $29,200. Chief Financial Officer, OBARA PAT, disposed of 20,000 shares at a price of $2.29 on Jul 28. The insider now owns more than $45,700 worth of shares. Prior to that, President and CEO Adnani Amir went on to Sale 109,220 shares at $2.28 each on Jul 28. An amount of $248,563 was transacted.

Valuation Metrics

Uranium Energy Corp. (UEC) stock’s beta is 2.00. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 36.50, the price-to-book (PB) ratio at 2.83.

Financial Health

The quick ratio of Uranium Energy Corp. for the three months ended April 29 was 7.60, and the current ratio was 20.00, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.00 and a total debt to equity ratio of 0.00 for the quarter ending April 29. Its gross profit as reported stood at $2.88 million compared to revenue of $17.51 million.

For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Uranium Energy Corp.’s return on assets was -0.80%.

Earnings Surprise

In the quarter under review, the net income was down than the previous quarter. The company posted a net income of $7.34 million in the quarter, while revenues of -$5.47 million were grew 162.53%. The analyst consensus anticipated Uranium Energy Corp.’s latest quarter earnings to come in at -$0.01 per share, but it turned out to be -$0.01, a 0.00% surprise. For the quarter, EBITDA amounted to -$3.19 million. Shareholders own equity worth $286.29 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at Uranium Energy Corp. (UEC) price momentum. RSI 9-day as of the close on 30 June was 36.14%, suggesting the stock is Neutral, with historical volatility in this time frame at 81.69%.

As of today, UEC’s price is $3.36 -6.10% or -$0.20 from its 5-day moving average. UEC is currently trading -13.24% lower than its 20-day SMA and +14.07% higher than its 100-day SMA. However, the stock’s current price level is -45.96% below the SMA50 and -4.94% below the SMA200.

The stochastic %K and %D were 9.44% and 17.39%, respectively, and the average true range (ATR) was 0.30. With the 14-day stochastic at 6.90% and the average true range at 0.33, the RSI (14) stands at 39.74%. The stock has reached -0.14 on the 9-day MACD Oscillator while the 14-day reading was at -0.20.

Analyst Ratings

Canaccord Genuity upgraded Uranium Energy Corp. (AMEX: UEC) to a a Speculative buy rating in its most recent analyst report. Previously, the stock was rated as a Hold. The consensus rating for Uranium Energy Corp. (UEC) among analysts is Buy. According to current brokerage recommendations, 0 brokerage firms advise that investors sell UEC, while 0 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 5 others rate it as a “buy”.

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

Analysts predict a range of price targets between $5.00 and $7.20, with a median target of $6.60. Taking a look at these predictions, the average price target given by analysts for Uranium Energy Corp. (UEC) stock is $6.36.

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