YTD, How Many New Highs Are Made By Uranium Energy Corp. (UEC)?

The stock of Uranium Energy Corp. (AMEX:UEC) decreased by -$0.09 on Friday to finish at $2.61, down -3.33 percent. The last five days have seen an average of 3,982,340 shares of common stock traded. 8 times new highs were reached in the current year, with a fall of -$1.27. The average number of shares traded over the last 20 days was 5,876,755, while the average volume over the last 50 days totaled 7,283,746.

UEC stock dropped -18.18% since last month. On 03/24/23, the company’s shares reached a one-month low of $2.36. The stock touched a high of $6.00 on 02/02/23, after rallying from a low of $2.36 in 52 weeks. The price of UEC stock has declined by -32.73% or -$1.27 this year, reaching a new high 8 times. Still, the stock price is down -56.50% from the 52-week high.

Insider Transactions

UEC stock investors should be aware that Uranium Energy Corp. (UEC) stock had its last reported insider trading activity 31 days ago on Mar 24. On Mar 24, President and CEO Adnani Amir acquired 60,000 shares at $2.66 each. This transaction resulted in the insider spending $159,558. On Mar 24, Abraham Spencer added 38,500 shares at a price of US$2.61. After the transaction, the insider now owns 605,437 shares. President and CEO Adnani Amir had earlier bought 20,000 shares on Mar 24 for $2.73 a share. The transaction was completed for $54,600.

Valuation Metrics

Uranium Energy Corp. (UEC) has a trailing price-to-earnings (P/E) ratio of 43.50. Beta for the stock is 1.99. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 8.80, the price-to-book (PB) ratio of 1.54, and the price-to-cash flow ratio of 57.92.

Financial Health

For the three months ended January 30, Uranium Energy Corp.’s quick ratio was 2.80, while its current ratio was 4.50, indicating its ability to pay off its debt. As far as profitability goes, gross margin for the trailing twelve months is 27.60% percent. Uranium Energy Corp.’s EBITDA margin for the year ended January 30 was 3.33%, whereas its operating margin stood at 13.80% for the same period. Based on annual data, it had gross profit of $7.29 million and revenue of $23.16 million.

Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. UEC’s return on assets (ROA) during the last 12 months has been 3.80%. There was a -0.80% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 4.30%.

Earnings Surprise

According to Uranium Energy Corp.’s quarterly financial report for the quarter that ended January 30. A lower net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $47.93 million, while revenues rose by 72.48% to $57.29 million. It was predicted that Uranium Energy Corp.’s quarterly earnings would be $0.03, but it ended up being $0. EBITDA was $5.59 million for the quarter. At the end of Uranium Energy Corp.’s most recent quarter ended January 30, its liabilities totaled 108.65 million, while its total debt was $1.0 million. Equity owned by shareholders amounts to $375.39 million.

Technical Picture

Here’s a quick look at Uranium Energy Corp.’s (UEC) price momentum from a technical perspective. As of 21 April, the RSI 9-day stood at 30.79%, suggesting the stock is Neutral, with a 39.20% historical volatility rate.

The stochastic %K and %D were 20.85% and 33.74% respectively, while the average true range (ATR) was 0.13. Based on the 14-day stochastic reading of 11.36%, the RSI (14) reading is 33.80%. On the 9-day MACD Oscillator, the stock is at -0.11, and the 14-day reading is at -0.11.

Analyst Ratings

In its most recent analyst report, Canaccord Genuity raised its rating on Uranium Energy Corp. (AMEX: UEC) to a Speculative buy. Prior to this, analysts firm rated the stock as a Hold. Analysts have assigned Uranium Energy Corp. (UEC) an Buy rating. UEC is a stock that is recommended for selling by 0 brokerage firms, while 0 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 0 rates it overweight and 6 others recommend it as a buy.

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

The current consensus forecast for the stock is between $5.75 and $8.25, with a median target price of $6.80. In analyzing these forecasts, the average price target given by analysts for Uranium Energy Corp. (UEC) is $6.85.

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