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UEC Stock Forecast: All the More Reason to Consider Uranium Energy Corp (UEC) Now

Uranium Energy Corp (AMEX: UEC) is 12.81% higher on its value in year-to-date trading and has touched a low of $2.30 and a high of $8.34 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The UEC stock was last observed hovering at around $7.07 in the last trading session, with the day’s gains setting it 0.15%.

Currently trading at $7.22, the stock is 8.82% and 2.07% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 8.32 million and changing 2.12% at the moment leaves the stock 30.06% off its SMA200. UEC registered 148.97% gain for a year compared to 6-month gain of 40.19%. The firm has a 50-day simple moving average (SMA 50) of $48.75 and a 200-day simple moving average (SMA200) of -$1.18k.

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The stock witnessed a 4.03% loss in the last 1 month and extending the period to 3 months gives it a 12.81%, and is 5.71% up 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 3.89% over the week and 5.25% over the month.

Uranium Energy Corp (UEC) has around 83 employees, a market worth around $2.92B and $59.39M in sales. Fwd P/E is 38.38. Profit margin for the company is -8.20%. Distance from 52-week low is 213.91% and -13.43% from its 52-week high. The company has generated returns on investments over the last 12 months (-0.63%).

Uranium Energy Corp quarterly earnings per share for the current quarter are estimated at $0.01 with sales reaching $21M over the same period.The EPS is expected to grow by 289.17% this year, but quarterly earnings will post -66.50% year-over-year.

Uranium Energy Corp (UEC) Top Institutional Holders

353 institutions hold shares in Uranium Energy Corp (UEC), with institutional investors hold 71.88% of the company’s shares. The shares outstanding are 404.14M, and float is at 396.75M with Short Float at 9.66%. Institutions hold 70.70% of the Float.

The top institutional shareholder in the company is Blackrock Inc. with over 26.66 million shares valued at $90.64 million. The investor’s holdings represent 6.91% of the UEC Shares outstanding. As of Jun 29, 2023, the second largest holder is Vanguard Group Inc with 21.02 million shares valued at $71.46 million to account for 5.45% of the shares outstanding. The other top investors are Mirae Asset Global Investments Co., Ltd. which holds 19.5 million shares representing 5.05% and valued at over $66.31 million, while State Street Corporation holds 4.72% of the shares totaling 18.23 million with a market value of $61.97 million.

Uranium Energy Corp (UEC) Insider Activity

The most recent transaction is an insider sale by KONG DAVID,the company’sDirector. SEC filings show that KONG DAVID sold 26,000 shares of the company’s common stock on Mar 12 ’24 at a price of $6.81 per share for a total of $0.18 million. Following the sale, the insider now owns 0.15 million shares.

Uranium Energy Corp disclosed in a document filed with the SEC on Feb 01 ’24 that DELLA VOLPE VINCENT (Director) sold a total of 84,000 shares of the company’s common stock. The trade occurred on Feb 01 ’24 and was made at $8.17 per share for $0.69 million. Following the transaction, the insider now directly holds 0.19 million shares of the UEC stock.

Still, SEC filings show that on Nov 16 ’23, OBARA PAT (Chief Financial Officer) disposed off 4,877 shares at an average price of $6.07 for $29620.0. The insider now directly holds 788,000 shares of Uranium Energy Corp (UEC).

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