enCore Energy Corp [NASDAQ: EU] price plunged by -46.43 percent to reach at -$1.17.
The one-year EU stock forecast points to a potential upside of 77.35. The average equity rating for EU stock is currently 1.00, trading closer to a bullish pattern in the stock market.
Guru’s Opinion on enCore Energy Corp [EU]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for EU shares is $5.96 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on EU stock is a recommendation set at 1.00. 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.
H.C. Wainwright have made an estimate for enCore Energy Corp shares, keeping their opinion on the stock as Buy, with their previous recommendation back on May 06, 2024. The new note on the price target was released on April 09, 2024, representing the official price target for enCore Energy Corp stock. Previously, the target price had yet another raise to $6, while B. Riley Securities analysts kept a Buy rating on EU stock.
The Average True Range (ATR) for enCore Energy Corp is set at 0.24, with the Price to Sales ratio for EU stock in the period of the last 12 months amounting to 5.56. The Price to Book ratio for the last quarter was 0.73, with the Price to Cash per share for the same quarter was set at 0.36.
EU Stock Performance Analysis:
enCore Energy Corp [EU] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -47.06. With this latest performance, EU shares dropped by -60.64% in over the last four-week period, additionally sinking by -61.97% over the last 6 months – not to mention a drop of -65.30% 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 EU stock in for the last two-week period is set at 13.18, with the RSI for the last a single of trading hit 8.75, and the three-weeks RSI is set at 17.84 for enCore Energy Corp [EU]. The present Moving Average for the last 50 days of trading for this stock 3.14, while it was recorded at 2.28 for the last single week of trading, and 3.70 for the last 200 days.
Insight into enCore Energy Corp Fundamentals:
enCore Energy Corp’s liquidity data is similarly interesting compelling, with a Quick Ratio of 2.53 and a Current Ratio set at 3.85.
enCore Energy Corp [EU] Institutonal Ownership Details
The top three institutional holders of EU stocks are: MIRAE ASSET GLOBAL ETFS HOLDINGS LTD. with ownership of 12.17 million shares, which is approximately 6.8209%. AZARIAS CAPITAL MANAGEMENT, L.P., holding 4.81 million shares of the stock with an approximate value of $$20.59 million in EU stocks shares; and AZARIAS CAPITAL MANAGEMENT, L.P., currently with $$11.74 million in EU stock with ownership which is approximately 1.6708%.
