Uranium Energy Corp. [UEC] is 2.09% higher this YTD. Is it still time to buy?


Uranium Energy Corp. [AMEX: UEC] stock went on an upward path that rose over 1.48% on Monday, amounting to a one-week price increase of more than 5.23%. The company report on July 13, 2022 that Uranium Energy Corp Files S-K 1300 Technical Report Summary Disclosing a Total of 32M lbs of Indicated Resources for the Anderson Project in Arizona.

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(NYSE: UEC) (“UEC” or the “Company”) is pleased to announce that it has filed a Technical Report Summary (“TRS”) on EDGAR, disclosing mineral resources for the Company’s Anderson Project in Arizona (the “Project”).

Over the last 12 months, UEC stock rose by 69.31%. The one-year Uranium Energy Corp. stock forecast points to a potential upside of 46.23. The average equity rating for UEC stock is currently 2.00, trading closer to a bullish pattern in the stock market.

The market cap for the stock reached $994.64 million, with 281.67 million shares outstanding and 277.66 million shares in the current float. Compared to the average trading volume of 14.19M shares, UEC stock reached a trading volume of 6359518 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Guru’s Opinion on 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 $6.36 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 Speculative Buy, with their previous recommendation back on June 13, 2022. The new note on the price target was released on April 22, 2022, representing the official price target for Uranium Energy Corp. stock. Previously, the target price had yet another raise to $1.50, while Canaccord Genuity analysts kept a Speculative Buy rating on UEC stock.

The Average True Range (ATR) for Uranium Energy Corp. is set at 0.29, with the Price to Sales ratio for UEC stock in the period of the last 12 months amounting to 43.06. The Price to Book ratio for the last quarter was 3.14.

UEC Stock Performance Analysis:

Uranium Energy Corp. [UEC] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 5.23. With this latest performance, UEC shares gained by 0.88% in over the last four-week period, additionally plugging by 4.27% over the last 6 months – not to mention a rise of 69.31% 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 49.81, with the RSI for the last a single of trading hit 53.86, and the three-weeks RSI is set at 48.18 for Uranium Energy Corp. [UEC]. The present Moving Average for the last 50 days of trading for this stock 3.54, while it was recorded at 3.32 for the last single week of trading, and 3.86 for the last 200 days.

Insight into Uranium Energy Corp. 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 7.60 and a Current Ratio set at 20.00.

Uranium Energy Corp. [UEC] Insider Position Details

There are presently around $461 million, or 48.10% 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 0.30% of the total institutional ownership; MIRAE ASSET GLOBAL INVESTMENTS CO., LTD., holding 27,934,282 shares of the stock with an approximate value of $94.14 million in UEC stocks shares; and BLACKROCK INC., currently with $58.39 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 35,039,263 shares. Additionally, 66 investors decreased positions by around 4,769,171 shares, while 37 investors held positions by with 96,965,568 shares. The mentioned changes placed institutional holdings at 136,774,002 shares, according to the latest SEC report filing. UEC stock had 33 new institutional investments in for a total of 3,395,794 shares, while 25 institutional investors sold positions of 1,158,673 shares during the same period.