Uranium Energy Corp. [AMEX: UEC] plunged by -$0.25 during the normal trading session on Friday and reaching a high of $3.94 during the day while it closed the day at $3.60. The company report on October 12, 2022 that Uranium Energy Corp and Rio Tinto Agree to a Transaction on the World-Class Development-Stage Roughrider Uranium Project in Canada.
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UEC to Acquire Roughrider from Rio Tinto for Total Consideration of $150 million comprised of $80 million in Cash and $70 million in UEC Stock.
Cash Portion of the Consideration is Fully Funded with UEC’s $173 million of Cash and Liquid Assets on the Balance Sheet.
Uranium Energy Corp. stock has also loss -9.77% of its value over the past 7 days. However, UEC stock has inclined by 5.26% in the 3 months of the year. Over the past six months meanwhile, it has lost -43.75% and gained 7.46% year-on date.
The market cap for UEC stock reached $1.33 billion, with 345.77 million shares outstanding and 339.49 million shares in the current float. Compared to the average trading volume of 9.86M shares, UEC reached a trading volume of 9326202 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here’s what leading stock market gurus have to 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 $6.72 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 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 13.21. The Price to Book ratio for the last quarter was 3.16.
UEC stock trade performance evaluation
Uranium Energy Corp. [UEC] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -9.77. With this latest performance, UEC shares dropped by -5.76% in over the last four-week period, additionally sinking by -43.75% over the last 6 months – not to mention a rise of 5.26% 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 44.78, with the RSI for the last a single of trading hit 42.89, and the three-weeks RSI is set at 46.05 for Uranium Energy Corp. [UEC]. The present Moving Average for the last 50 days of trading for this stock 3.95, while it was recorded at 3.73 for the last single week of trading, and 3.88 for the last 200 days.
Uranium Energy Corp. [UEC]: An insightful look at the core 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 4.20 and a Current Ratio set at 12.00.
Uranium Energy Corp. [UEC]: Insider Ownership positions
There are presently around $499 million, or 46.20% of UEC stock, in the hands of institutional investors. The top three institutional holders of UEC stocks are: STATE STREET CORP with ownership of 30,058,991, which is approximately -2.455% of the company’s market cap and around 1.90% of the total institutional ownership; BLACKROCK INC., holding 18,679,150 shares of the stock with an approximate value of $67.25 million in UEC stocks shares; and VANGUARD GROUP INC, currently with $52.71 million in UEC stock with ownership of nearly 12.075% of the company’s market capitalization.
95 institutional holders increased their position in Uranium Energy Corp. [AMEX:UEC] by around 35,668,185 shares. Additionally, 76 investors decreased positions by around 22,220,722 shares, while 34 investors held positions by with 80,616,328 shares. The mentioned changes placed institutional holdings at 138,505,235 shares, according to the latest SEC report filing. UEC stock had 35 new institutional investments in for a total of 17,696,872 shares, while 28 institutional investors sold positions of 2,326,664 shares during the same period.