Market Analysts see Uranium Energy Corp. [UEC] gaining to $1.50. Time to buy?

Uranium Energy Corp. [AMEX: UEC] traded at a low on 06/21/21, posting a -3.11 loss after which it closed the day’ session at $2.80. The company report on June 9, 2021 that Uranium Energy Corp Files Fiscal 2021 Q3 Quarterly Report.

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NYSE American: UEC.

Uranium Energy Corp (NYSE American: UEC) (the “Company” or “UEC”) is pleased to report, in accordance with NYSE American requirements, the filing of the Company’s quarterly report on Form 10-Q for the nine months ended April 30, 2021 with the U.S. Securities and Exchange Commission (the “SEC”). This Form 10-Q filing, which includes the Company’s condensed consolidated financial statements, related notes thereto and management’s discussion and analysis, is available for viewing on the SEC’s website at http://www.sec.gov/edgar.shtml or on the Company’s website at www.uraniumenergy.com.

The results of the trading session contributed to over 7440196 shares changing hands. Over the past one week, the price volatility of Uranium Energy Corp. stands at 7.49% while the volatility over the past one month is 7.45%.

The market cap for UEC stock reached $668.89 million, with 218.82 million shares outstanding and 210.22 million shares in the current float. Compared to the average trading volume of 6.20M shares, UEC reached a trading volume of 7440196 in the most recent trading day, which is why market watchdogs consider the stock to be active.

What do top market gurus say about Uranium Energy Corp. [UEC]?

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for UEC shares is $3.91 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on UEC stock is a recommendation set at 1.70. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Canaccord Genuity have made an estimate for Uranium Energy Corp. shares, keeping their opinion on the stock as Speculative Buy, with their previous recommendation back on October 14, 2020. While these analysts kept the previous recommendation, ROTH Capital raised their target price to Buy. The new note on the price target was released on October 25, 2017, representing the official price target for Uranium Energy Corp. stock. Previously, the target price had yet another raise to $4.20, while H.C. Wainwright analysts kept a Buy rating on UEC stock. On March 14, 2013, analysts decreased their price target for UEC shares from 1.75 to 1.25.

The Average True Range (ATR) for Uranium Energy Corp. is set at 0.24 The Price to Book ratio for the last quarter was 4.18, with the Price to Cash per share for the same quarter was set at 0.20.

How has UEC stock performed recently?

Uranium Energy Corp. [UEC] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -5.41. With this latest performance, UEC shares dropped by -9.97% in over the last four-week period, additionally plugging by 52.17% over the last 6 months – not to mention a rise of 199.47% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for UEC stock in for the last two-week period is set at 41.99, with the RSI for the last a single of trading hit 36.93, and the three-weeks RSI is set at 45.19 for Uranium Energy Corp. [UEC]. The present Moving Average for the last 50 days of trading for this stock 3.03, while it was recorded at 2.98 for the last single week of trading, and 2.00 for the last 200 days.

Uranium Energy Corp. [UEC]: Deeper insight into the fundamentals

Return on Total Capital for UEC is now -16.01, given the latest momentum, and Return on Invested Capital for the company is -16.33. Return on Equity for this stock declined to -21.08, with Return on Assets sitting at -15.19. When it comes to the capital structure of this company, Uranium Energy Corp. [UEC] has a Total Debt to Total Equity ratio set at 32.22. Additionally, UEC Total Debt to Total Capital is recorded at 24.37, with Total Debt to Total Assets ending up at 22.71. Long-Term Debt to Equity for the company is recorded at 32.00, with the Long-Term Debt to Total Capital now at 24.20.

Reflecting on the efficiency of the workforce at the company, Uranium Energy Corp. [UEC] managed to generate an average of -$304,386 per employee.Uranium Energy Corp.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 4.10 and a Current Ratio set at 6.30.

Earnings analysis for Uranium Energy Corp. [UEC]

With the latest financial reports released by the company, Uranium Energy Corp. posted -0.03/share EPS, while the average EPS was predicted by analysts to be reported at -0.02/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -50.00%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for UEC.

Insider trade positions for Uranium Energy Corp. [UEC]

There are presently around $222 million, or 34.00% of UEC stock, in the hands of institutional investors. The top three institutional holders of UEC stocks are: STATE STREET CORP with ownership of 18,880,893, which is approximately 481.354% of the company’s market cap and around 0.70% of the total institutional ownership; BLACKROCK INC., holding 14,116,821 shares of the stock with an approximate value of $40.8 million in UEC stocks shares; and VANGUARD GROUP INC, currently with $26.93 million in UEC stock with ownership of nearly -0.827% of the company’s market capitalization.

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Positions in Uranium Energy Corp. stocks held by institutional investors increased at the end of June and at the time of the June reporting period, where 67 institutional holders increased their position in Uranium Energy Corp. [AMEX:UEC] by around 28,033,652 shares. Additionally, 48 investors decreased positions by around 2,682,378 shares, while 20 investors held positions by with 46,244,659 shares. The mentioned changes placed institutional holdings at 76,960,689 shares, according to the latest SEC report filing. UEC stock had 28 new institutional investments in for a total of 4,504,604 shares, while 15 institutional investors sold positions of 1,169,577 shares during the same period.

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