Uranium Energy Corp. [AMEX: UEC] gained 4.17% or 0.14 points to close at $3.50 with a heavy trading volume of 8693923 shares. The company report on November 17, 2022 that Uranium Energy Corp Increases Hobson Licensed Capacity Four-Fold as the Largest Uranium Plant in Texas & Achieves Key Milestones for the Initial Production Area at the Burke Hollow ISR Project.
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Uranium Energy Corp (NYSE American: UEC) (the “Company” or “UEC”) is pleased to announce that the Texas Commission on Environmental Quality (“TCEQ”) has approved the Company’s submission for a renewed and expanded radioactive material license (“RML”) for its Hobson Central Processing Plant.
UEC’s amended RML from the TCEQ increases the Hobson Processing Plant’s licensed production capacity to 4 million pounds of U3O8 annually. This distinguishes the plant as having the largest licensed capacity in Texas and the second largest in the United States. The Hobson Plant anchors UEC’s hub-and-spoke in-situ recovery (“ISR”) production platform in South Texas and will process uranium loaded resin recovered from multiple satellite projects including the Palangana and Burke Hollow ISR projects.
It opened the trading session at $3.48, the shares rose to $3.62 and dropped to $3.45, the range by which the price of stock traded the whole day. The daily chart for UEC points out that the company has recorded -0.85% loss over the past six months. However, it is still -49.57% lower than its most recent low trading price.
If we look at the average trading volume of 8.46M shares, UEC reached to a volume of 8693923 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 $6.92 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 0.22, with the Price to Sales ratio for UEC stock in the period of the last 12 months amounting to 13.05. The Price to Book ratio for the last quarter was 3.07.
Trading performance analysis for UEC stock
Uranium Energy Corp. [UEC] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -1.41. With this latest performance, UEC shares dropped by -10.94% in over the last four-week period, additionally sinking by -0.85% over the last 6 months – not to mention a rise of 0.86% 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 43.53, with the RSI for the last a single of trading hit 43.50, and the three-weeks RSI is set at 44.54 for Uranium Energy Corp. [UEC]. The present Moving Average for the last 50 days of trading for this stock 3.86, while it was recorded at 3.41 for the last single week of trading, and 4.03 for the last 200 days.
Uranium Energy Corp. [UEC]: A deeper dive into fundamental analysis
Operating Margin for any stock indicates how profitable investing would be, and Uranium Energy Corp. [UEC] shares currently have an operating margin of -2.62 and a Gross Margin at -18.31. Uranium Energy Corp.’s Net Margin is presently recorded at +22.68.
Return on Equity for this stock inclined to 2.20, with Return on Assets sitting at 2.01.
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.
An analysis of insider ownership at Uranium Energy Corp. [UEC]
There are presently around $520 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 21,284,529, which is approximately -29.191% of the company’s market cap and around 1.80% of the total institutional ownership; BLACKROCK INC., holding 20,966,986 shares of the stock with an approximate value of $73.38 million in UEC stocks shares; and VANGUARD GROUP INC, currently with $65.42 million in UEC stock with ownership of nearly 27.656% of the company’s market capitalization.
Positions in Uranium Energy Corp. stocks held by institutional investors increased at the end of December and at the time of the December reporting period, where 110 institutional holders increased their position in Uranium Energy Corp. [AMEX:UEC] by around 25,813,770 shares. Additionally, 56 investors decreased positions by around 15,589,014 shares, while 41 investors held positions by with 107,079,257 shares. The mentioned changes placed institutional holdings at 148,482,041 shares, according to the latest SEC report filing. UEC stock had 36 new institutional investments in for a total of 1,730,606 shares, while 15 institutional investors sold positions of 1,138,236 shares during the same period.