why Uranium Energy Corp. [UEC] is a Good Choice for Investors After New Price Target of $6.30


Uranium Energy Corp. [AMEX: UEC] loss -0.25% or -0.01 points to close at $4.02 with a heavy trading volume of 11155660 shares. The company report on June 8, 2022 that Uranium Energy Corp Files Early Warning Report.

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Uranium Energy Corp (NYSE American: UEC) (the “Company” or “UEC”) announces that it has filed an early warning report pursuant to National Instrument 62-103 – The Early Warning System and Related Take-Over Bid and Insider Reporting Issues for the purpose of reporting the acquisition of common shares (the “Anfield Shares”) and common share purchase warrants (“Anfield Warrants”) in the capital of Anfield Energy Inc. (TSX.V: AEC) (OTCQB: ANLDF); (FRANKFURT: 0AD) (“Anfield”).

On June 7, 2022, UEC closed a series of transactions with Anfield pursuant to which Anfield settled approximately CAD$23.11 million (US$18.34 million) of indebtedness (the “Anfield Indebtedness”) owing to UEC (the “Debt Settlement”). The Anfield Indebtedness was settled through the payment of approximately CAD$11.55 million (US$9.17 million) in cash plus the issuance to UEC of 96,272,918 units of Anfield (each, an “Anfield Unit”), which were issued at a deemed price of CAD$0.12 (US$0.095) per Anfield Unit for an aggregate value of approximately CAD$11.55 million (US$9.17 million). Each Anfield Unit is comprised of one Anfield Share (the “Acquired Shares”) and one Anfield Warrant (each, an “Acquired Warrant” and together with the Acquired Shares, the “Acquired Securities”). Each Acquired Warrant entitles UEC to acquire one Anfield Share at a price of CAD$0.18 per Anfield Share until May 12, 2027.

It opened the trading session at $3.96, the shares rose to $4.03 and dropped to $3.82, the range by which the price of stock traded the whole day. The daily chart for UEC points out that the company has recorded 13.24% gains over the past six months. However, it is still -112.7% lower than its most recent low trading price.

If we look at the average trading volume of 16.91M shares, UEC reached to a volume of 11155660 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 $6.30 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 0.39, with the Price to Sales ratio for UEC stock in the period of the last 12 months amounting to 86.41. The Price to Book ratio for the last quarter was 3.87.

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 2.03. With this latest performance, UEC shares gained by 25.23% in over the last four-week period, additionally plugging by 13.24% over the last 6 months – not to mention a rise of 25.63% 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 50.32, with the RSI for the last a single of trading hit 51.22, and the three-weeks RSI is set at 49.55 for Uranium Energy Corp. [UEC]. The present Moving Average for the last 50 days of trading for this stock 4.37, while it was recorded at 4.21 for the last single week of trading, and 3.81 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 $550 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 $112.3 million in UEC stocks shares; and BLACKROCK INC., currently with $69.66 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 94 institutional holders increased their position in Uranium Energy Corp. [AMEX:UEC] by around 35,051,773 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 136,784,995 shares, according to the latest SEC report filing. UEC stock had 33 new institutional investments in for a total of 3,419,922 shares, while 23 institutional investors sold positions of 1,124,946 shares during the same period.