Research Recommendations For Uranium Energy Corp. (UEC): Here is What You Should Know

Uranium Energy Corp. (AMEX:UEC) saw an upside of 3.47% to close Monday at $2.98 after adding $0.1 on the day. The 5-day average trading volume is 6,231,560 shares of the company’s common stock. It has gained $3.01 in the past week and touched a new high 3 times within the past 5 days. An average of 10,207,580 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 8,658,702.

UEC’s 1-month performance is -20.32% or -$0.76 on its low of $2.36 reached on 03/24/23. The company’s shares have touched a 52-week low of $2.36 and high of $6.60, with the stock’s rally to the 52-week high happening on 02/02/23. YTD, UEC has lost -23.20% or -$0.90 and has reached a new high 8 times. However, the current price is down -54.85% from the 52-week high price.

Valuation Metrics

UEC stock has a beta of 2.02. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 9.78 while the price-to-book (PB) in the most recent quarter is 1.76, with the price to cash flow ratio at 64.37.

Uranium Energy Corp.’s quick ratio for the period ended January 30 was 2.80, with the current ratio over the same period at 4.50. In terms of profitability, the gross margin trailing 12 months is 27.60%. The trailing 12-month EBITDA margin is 3.33% while for the period ending January 30, Uranium Energy Corp.’s operating margin was 13.80%. The firm’s gross profit as reported stood at $7.29 million against revenue of $23.16 million.

Earnings Surprise

For the quarterly period ending January 30 this year, Net income and sales went down compared to those figures reported in the previous quarter. Net income grew 150.23% to $10.89 million, while revenue of -$3.76 million was 134.53% off the previous quarter. Analysts expected UEC to announce $0 per share in earnings in its latest quarter, but it posted $0.03. EBITDA for the quarter stood at more than $5.59 million. UEC stock balance sheet for the quarter ending January 30 shows that total liabilities totaled 108.65 million, with total debt at $1.0 million. Shareholders hold equity totaling $375.39 million.

Let’s look briefly at Uranium Energy Corp. (UEC) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 03 April was 43.49% to suggest the stock is trending Neutral, with historical volatility in this time period at 88.68%.

The stock’s 5-day moving average is $2.90, reflecting a +5.67% or $0.16 change from its current price. UEC is currently trading -16.06% above its 20-day SMA, -25.13% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -20.53% and SMA200 by-12.09%.

Stochastic %K and %D was 52.19% and 48.91% and the average true range (ATR) pointed at 0.18. The RSI (14) points at 40.39%, while the 14-day stochastic is at 60.19% with the period’s ATR at 0.18. The stock’s 9-day MACD Oscillator is pointing at 0.04 and -0.10 on the 14-day charts.

Analyst Ratings

In the most recent analyst report for Uranium Energy Corp. (AMEX: UEC), Canaccord Genuity upgraded it to a Speculative buy rating. They previously had a Hold rating on the stock. Analysts offering their rating for UEC stock have a consensus rating for the stock as Buy. Currently, 0 brokerage advisors rate UEC as a “sell,”, while 0 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 6 have offered a “buy” rating.

What is UEC’s price target for the next 12 months?

Analysts have a consensus price target ranging from a low of $5.75 and a high of $8.25, with their median price target at $6.80. Looking at these predictions, the average price target given by analysts is for Uranium Energy Corp. (UEC) stock is $6.85.

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