Uranium Energy Corp. (AMEX: UEC) stock jumped 0.52% on Tuesday to $3.89 against a previous-day closing price of $3.87. With 4.02 million shares changed hands, the volume of the stock remained lighter than its average volume of 7.8 million shares. During the session, the Uranium company that operates in wider Energy sector, reached to the highest price of $3.9200 whereas the lowest price it dropped to was $3.8200. The 52-week range on UEC shows that it touched its highest point at $6.60 and its lowest point at $2.34 during that stretch. It currently has a 1-year price target of $6.87. Beta for the stock currently stands at 2.07.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of UEC was up-trending over the past week, with a rise of 3.18%, but this was up by 5.42% over a month. Three-month performance dropped to -8.04% while six-month performance rose 9.27%. The stock gained 42.49% in the past year, while it has gained 0.26% so far this year. A look at the trailing 12-month EPS for UEC yields 0.01 with Next year EPS estimates of -0.02. For the next quarter, that number is -0.00. This implies an EPS growth rate of 126.60% for this year and 33.30% for next year.
Float and Shares Shorts:
At present, 369.80 million UEC shares are outstanding with a float of 363.53 million shares on hand for trading. On Oct 13, 2022, short shares totaled 46.38 million, which was 13.40% higher than short shares on Sep 14, 2022. In addition to Mr. Amir Adnani as the firm’s Pres, CEO & Director, Mr. Patrick Obara serves as its Sec., Treasurer, CFO & Principal Accounting Officer.
Through their ownership of 45.76% of UEC’s outstanding shares, institutional investors have minority control over the company. Other institutions hold 5.76% of UEC, in contrast to 31.28% held by mutual funds. Shares owned by individuals account for 11.28%. As the largest shareholder in UEC with 5.76% of the stake, SSgA Funds Management, Inc. holds 21,284,529 shares worth 21,284,529. A second-largest stockholder of UEC, BlackRock Fund Advisors, holds 18,808,006 shares, controlling over 5.09% of the firm’s shares. The Vanguard Group, Inc. is the third largest shareholder in UEC, holding 17,860,128 shares or 4.83% stake. With a 7.15% stake in UEC, the SPDR S&P Metals & Mining ETF is the largest stakeholder. A total of 26,451,387 shares are owned by the mutual fund manager. The Global X Uranium ETF, which owns about 4.50% of UEC stock, is the second-largest Mutual Fund holder. It holds 16,654,265 shares valued at 64.62 million. Sprott Uranium Miners ETF holds 3.08% of the stake in UEC, owning 11,379,155 shares worth 44.15 million.
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for UEC since 6 analysts follow the stock currently. There are 6 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 0 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With UEC analysts setting a high price target of $8.25 and a low target of $6.00, the average target price over the next 12 months is $6.89. Based on these targets, UEC could surge 112.08% to reach the target high and rise by 54.24% to reach the target low. Reaching the average price target will result in a growth of 77.12% from current levels.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. UEC will report FY 2023 earnings on 10/16/2023. Analysts have provided yearly estimates in a range of $0.12 being high and -$0.06 being low. For UEC, this leads to a yearly average estimate of -$0.00. The earnings surprise of a firm occurs when the actual results change from the consensus earnings estimate. Uranium Energy Corp. surprised analysts by $0.01 when it reported -$0.01 EPS against a consensus estimate of -$0.02. The surprise factor in the prior quarter was $0.04. The average estimate for the next quarter is thus -$0.01.
Summary of Insider Activity:
Insiders traded UEC stock several times over the past three months with 0 Buys and 0 Sells. In these transactions, 0 shares were bought while 0 shares were sold. The number of buy transactions has increased to 43 while that of sell transactions has risen to 35 over the past year. The total number of shares bought during that period was 3,533,522 while 1,661,779 shares were sold.