Uranium Energy Corp. [UEC] is 17.61% higher this YTD. Is it still time to buy?

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Uranium Energy Corp. [AMEX: UEC] loss -5.97% or -0.25 points to close at $3.94 with a heavy trading volume of 16131007 shares. The company report on April 20, 2022 that Uranium Energy Corp Expands U.S. Warehoused Physical Uranium Program to 5 Million Pounds U3O8.


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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.

It opened the trading session at $4.05, the shares rose to $4.10 and dropped to $3.90, the range by which the price of stock traded the whole day. The daily chart for UEC points out that the company has recorded 7.95% gains over the past six months. However, it is still -108.47% lower than its most recent low trading price.

If we look at the average trading volume of 16.70M shares, UEC reached to a volume of 16131007 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here is what top equities market gurus are saying 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 2.00. 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 0.37, with the Price to Sales ratio for UEC stock in the period of the last 12 months amounting to 89.83. The Price to Book ratio for the last quarter was 3.79.

Trading performance analysis for UEC stock

Uranium Energy Corp. [UEC] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 5.07. With this latest performance, UEC shares dropped by -17.40% in over the last four-week period, additionally plugging by 7.95% over the last 6 months – not to mention a rise of 19.03% 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 50.49, with the RSI for the last a single of trading hit 53.73, and the three-weeks RSI is set at 49.13 for Uranium Energy Corp. [UEC]. The present Moving Average for the last 50 days of trading for this stock 4.43, while it was recorded at 3.88 for the last single week of trading, and 3.76 for the last 200 days.

Uranium Energy Corp. [UEC]: A deeper dive into fundamental analysis

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.

An analysis of insider ownership at Uranium Energy Corp. [UEC]

There are presently around $539 million, or 46.10% of UEC stock, in the hands of institutional investors. The top three institutional holders of UEC stocks are: STATE STREET CORP with ownership of 30,815,436, which is approximately 13.576% of the company’s market cap and around 0.10% of the total institutional ownership; MIRAE ASSET GLOBAL INVESTMENTS CO., LTD., holding 27,934,282 shares of the stock with an approximate value of $110.06 million in UEC stocks shares; and BLACKROCK INC., currently with $68.27 million in UEC stock with ownership of nearly 3.164% of the company’s market capitalization.

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 95 institutional holders increased their position in Uranium Energy Corp. [AMEX:UEC] by around 35,088,264 shares. Additionally, 63 investors decreased positions by around 4,732,976 shares, while 38 investors held positions by with 97,000,246 shares. The mentioned changes placed institutional holdings at 136,821,486 shares, according to the latest SEC report filing. UEC stock had 34 new institutional investments in for a total of 3,456,413 shares, while 23 institutional investors sold positions of 1,124,946 shares during the same period.

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