Uranium Energy Corp. [AMEX: UEC] traded at a high on 05/09/23, posting a 4.55 gain after which it closed the day’ session at $2.76. The company report on May 2, 2023 at 6:55 AM that Uranium Energy Corp Files S-K 1300 Technical Report Summary for its World-Class Roughrider Project in Saskatchewan, Canada.
Total Roughrider Project resources are 27.8 million lbs. U3O8 in 389,000 tonnes grading 3.25% U3O8 in the Indicated category and 36.0 million lbs. U3O8 in 359,000 tonnes grading 4.55% U3O8 in the Inferred category (Table 1).
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Following the acquisition of the Roughrider Project in 2012, Rio Tinto completed additional delineation and geotechnical drilling during 2012 through 2016, further delineating the Far East Zone and increasing the confidence level of the resources. This new TRS resource is based on 665 diamond drillholes completed to date by Hathor Exploration Limited (“Hathor”) and Rio Tinto for a total of approximately 228,180 meters of drilling on the Project.
The results of the trading session contributed to over 4172648 shares changing hands. Over the past one week, the price volatility of Uranium Energy Corp. stands at 6.07% while the volatility over the past one month is 4.93%.
The market cap for UEC stock reached $970.33 million, with 369.61 million shares outstanding and 358.78 million shares in the current float. Compared to the average trading volume of 6.86M shares, UEC reached a trading volume of 4172648 in the most recent trading day, which is why market watchdogs consider the stock to be active.
What do top market gurus 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 $6.87 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 0.14, with the Price to Sales ratio for UEC stock in the period of the last 12 months amounting to 8.42. The Price to Book ratio for the last quarter was 1.63. Price to Free Cash Flow for UEC in the course of the last twelve months was 55.45 with Quick ratio for the last quarter at 2.80.
How has UEC stock performed recently?
Uranium Energy Corp. [UEC] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 16.46. With this latest performance, UEC shares dropped by -0.36% in over the last four-week period, additionally sinking by -28.31% over the last 6 months – not to mention a drop of -33.17% 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 52.03, with the RSI for the last a single of trading hit 59.14, and the three-weeks RSI is set at 47.95 for Uranium Energy Corp. [UEC]. The present Moving Average for the last 50 days of trading for this stock 2.94, while it was recorded at 2.61 for the last single week of trading, and 3.64 for the last 200 days.
Uranium Energy Corp. [UEC]: Deeper insight into the fundamentals
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 Total Capital for UEC is now -0.25, given the latest momentum, and Return on Invested Capital for the company is 2.19. Return on Equity for this stock inclined to 2.20, with Return on Assets sitting at 2.01. When it comes to the capital structure of this company, Uranium Energy Corp. [UEC] has a Total Debt to Total Equity ratio set at 0.36. Additionally, UEC Total Debt to Total Capital is recorded at 0.36, with Total Debt to Total Assets ending up at 0.33. Long-Term Debt to Equity for the company is recorded at 0.29, with the Long-Term Debt to Total Capital now at 0.29.
Reflecting on the efficiency of the workforce at the company, Uranium Energy Corp. [UEC] managed to generate an average of $83,365 per employee.Uranium Energy Corp.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 2.80 and a Current Ratio set at 4.50.
Insider trade positions for Uranium Energy Corp. [UEC]
There are presently around $474 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 32,513,706, which is approximately 52.757% of the company’s market cap and around 1.80% of the total institutional ownership; BLACKROCK INC., holding 24,050,662 shares of the stock with an approximate value of $66.38 million in UEC stocks shares; and VANGUARD GROUP INC, currently with $57.99 million in UEC stock with ownership of nearly 12.415% of the company’s market capitalization.
Positions in Uranium Energy Corp. stocks held by institutional investors increased at the end of Monday and at the time of the Monday reporting period, where 115 institutional holders increased their position in Uranium Energy Corp. [AMEX:UEC] by around 27,739,371 shares. Additionally, 77 investors decreased positions by around 5,131,003 shares, while 46 investors held positions by with 138,982,458 shares. The mentioned changes placed institutional holdings at 171,852,832 shares, according to the latest SEC report filing. UEC stock had 46 new institutional investments in for a total of 1,597,395 shares, while 33 institutional investors sold positions of 1,461,259 shares during the same period.