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Uranium Energy Corp. (UEC) – The 43.09% Upside Potential Remains

Uranium Energy Corp. (AMEX: UEC) is -0.26% lower on its value in year-to-date trading and has touched a low of $2.34 and a high of $6.60 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The UEC stock was last observed hovering at around $3.75 in the last trading session, with the day’s gains setting it 0.12% off its average median price target of $6.80 for the next 12 months. It is also 53.09% off the consensus price target high of $8.25 offered by 6 analysts, but current levels are 35.5% higher than the price target low of $6.00 for the same period.

Currently trading at $3.87, the stock is 2.19% and 4.40% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 5.21 million and changing 3.20% at the moment leaves the stock -0.98% off its SMA200. UEC registered 31.19% gain for a year compared to 6-month gain of 19.81%.

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The stock witnessed a 11.85% loss in the last 1 month and extending the period to 3 months gives it a -2.76%, and is -1.78% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 6.12% over the week and 4.97% over the month.

Uranium Energy Corp. (UEC) has around 63 employees, a market worth around $1.39B and $158.10M in sales. Current P/E ratio is 351.82. Profit margin for the company is 2.30%. Distance from 52-week low is 65.38% and -41.36% from its 52-week high. The company has generated returns on investments over the last 12 months (-0.80%).

Uranium Energy Corp. (UEC) Analyst Forecasts

Analyst recommendations provided by FactSet shows that the consensus forecast for Uranium Energy Corp. (UEC) is a “Buy”. 6 analysts offering their recommendations for the stock have an average rating of 1.60, where 0 rate it as a Hold and 0 think it is a “Overweight”. 6 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.

Uranium Energy Corp. is expected to release its quarterly report on 03/13/2023.The EPS is expected to grow by 126.60% this year.

Uranium Energy Corp. (UEC) Top Institutional Holders

The shares outstanding are 369.80M, and float is at 363.53M with Short Float at 14.19%.

Uranium Energy Corp. (UEC) Insider Activity

A total of 38 insider transactions have happened at Uranium Energy Corp. (UEC) in the last six months, with sales accounting for 18 and purchases happening 20 times.

Uranium Energy Corp. (UEC): Who are the competitors?

The company’s main competitors (and peers) include Ur-Energy Inc. (URG) that is trading 5.04% up over the past 12 months and Centrus Energy Corp. (LEU) that is -13.55% lower over the same period. Denison Mines Corp. (DNN) is 9.60% up on the 1-year trading charts.

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