Uranium Energy Corp. [AMEX: UEC] traded at a low on 04/29/22, posting a -4.28 loss after which it closed the day’ session at $4.25. The company report on April 20, 2022 that Uranium Energy Corp Expands U.S. Warehoused Physical Uranium Program to 5 Million Pounds U3O8.
NYSE American Symbol – UEC.
Uranium Energy Corp (NYSE: UEC) (the “Company” or “UEC”) is pleased to report that it has now secured an additional 400,000 pounds of U.S. warehoused uranium, expanding its physical uranium program to 5 million pounds U3O8, with delivery dates out to December 2025 at a volume weighted average price of ~$38 per pound. UEC’s physical uranium program represents an unrealized gain of over $125 million based on the current spot price published by TradeTech on April 19, 2022, at $63.25 per pound U3O8.
The results of the trading session contributed to over 14546826 shares changing hands. Over the past one week, the price volatility of Uranium Energy Corp. stands at 8.94% while the volatility over the past one month is 10.27%.
The market cap for UEC stock reached $1.26 billion, with 269.12 million shares outstanding and 261.90 million shares in the current float. Compared to the average trading volume of 14.55M shares, UEC reached a trading volume of 14546826 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 $6.28 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 1.60. 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 Hold, with their previous recommendation back on April 22, 2022. While these analysts kept the previous recommendation, Canaccord Genuity raised their target price to Speculative Buy. The new note on the price target was released on October 14, 2020, representing the official price target for Uranium Energy Corp. stock. Previously, the target price had yet another raise to $3, while ROTH Capital analysts kept a Buy rating on UEC stock.
The Average True Range (ATR) for Uranium Energy Corp. is set at 0.48, with the Price to Sales ratio for UEC stock in the period of the last 12 months amounting to 95.20. The Price to Book ratio for the last quarter was 4.09.
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 -6.18. With this latest performance, UEC shares dropped by -8.41% in over the last four-week period, additionally plugging by 10.39% over the last 6 months – not to mention a rise of 46.55% 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 40.55, with the RSI for the last a single of trading hit 34.69, and the three-weeks RSI is set at 44.53 for Uranium Energy Corp. [UEC]. The present Moving Average for the last 50 days of trading for this stock 4.64, while it was recorded at 4.40 for the last single week of trading, and 3.58 for the last 200 days.
Uranium Energy Corp. [UEC]: Deeper insight into the fundamentals
Return on Total Capital for UEC is now -14.16, given the latest momentum, and Return on Invested Capital for the company is -12.51. Return on Equity for this stock declined to -13.72, with Return on Assets sitting at -11.35. When it comes to the capital structure of this company, Uranium Energy Corp. [UEC] has a Total Debt to Total Equity ratio set at 7.13. Additionally, UEC Total Debt to Total Capital is recorded at 6.66, with Total Debt to Total Assets ending up at 6.37. Long-Term Debt to Equity for the company is recorded at 0.20, with the Long-Term Debt to Total Capital now at 0.19.
Reflecting on the efficiency of the workforce at the company, Uranium Energy Corp. [UEC] managed to generate an average of -$315,187 per employee.Uranium Energy Corp.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 6.50 and a Current Ratio set at 16.70.
Insider trade positions for Uranium Energy Corp. [UEC]
There are presently around $468 million, or 42.80% of UEC stock, in the hands of institutional investors. The top three institutional holders of UEC stocks are: STATE STREET CORP with ownership of 27,131,990, which is approximately 85.577% of the company’s market cap and around 0.10% of the total institutional ownership; BLACKROCK INC., holding 16,796,041 shares of the stock with an approximate value of $71.38 million in UEC stocks shares; and VANGUARD GROUP INC, currently with $54.47 million in UEC stock with ownership of nearly 16.09% of the company’s market capitalization.
Positions in Uranium Energy Corp. stocks held by institutional investors increased at the end of March and at the time of the March reporting period, where 102 institutional holders increased their position in Uranium Energy Corp. [AMEX:UEC] by around 30,649,903 shares. Additionally, 55 investors decreased positions by around 4,410,672 shares, while 33 investors held positions by with 75,054,036 shares. The mentioned changes placed institutional holdings at 110,114,611 shares, according to the latest SEC report filing. UEC stock had 43 new institutional investments in for a total of 2,688,150 shares, while 27 institutional investors sold positions of 2,083,073 shares during the same period.