Ur-Energy Inc. (AMEX: URG) stock fell -0.80% on Tuesday to $1.24 against a previous-day closing price of $1.25. With 0.75 million shares changed hands, the volume of the stock remained lighter than its average volume of 1.01 million shares. During the session, the Uranium company that operates in wider Energy sector, reached to the highest price of $1.2700 whereas the lowest price it dropped to was $1.2400. The 52-week range on URG shows that it touched its highest point at $1.95 and its lowest point at $0.95 during that stretch. Beta for the stock currently stands at 1.41.
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 URG was up-trending over the past week, with a rise of 1.64%, but this was up by 4.20% over a month. Three-month performance dropped to -0.80% while six-month performance rose 10.71%. The stock gained 8.77% in the past year, while it has gained 7.83% so far this year. A look at the trailing 12-month EPS for URG yields -0.05 with Next year EPS estimates of -0.01. For the next quarter, that number is -0.01. This implies an EPS growth rate of -30.20% for this year and 85.70% for next year.
Float and Shares Shorts:
At present, 221.84 million URG shares are outstanding with a float of 217.38 million shares on hand for trading. On Oct 13, 2022, short shares totaled 8.66 million, which was 3.89% higher than short shares on Sep 14, 2022. In addition to Mr. Roger L. Smith CGMA, CPA, M.B.A., MBA as the firm’s CFO & Chief Admin. Officer, Ms. Penne A. Goplerud serves as its Gen. Counsel & Corp. Sec.
Through their ownership of 45.14% of URG’s outstanding shares, institutional investors have minority control over the company. Other institutions hold — of URG, in contrast to — held by mutual funds. Shares owned by individuals account for –. With a 4.86% stake in URG, the Global X Uranium ETF is the largest stakeholder. A total of 10,843,500 shares are owned by the mutual fund manager. The Sprott Uranium Miners ETF, which owns about 4.68% of URG stock, is the second-largest Mutual Fund holder. It holds 10,431,387 shares valued at 12.0 million. Geiger Counter Ltd. holds 3.69% of the stake in URG, owning 8,226,657 shares worth 9.46 million.
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for URG since 5 analysts follow the stock currently. There are 5 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 URG analysts setting a high price target of $3.84 and a low target of $1.64, the average target price over the next 12 months is $2.67. Based on these targets, URG could surge 209.68% to reach the target high and rise by 32.26% to reach the target low. Reaching the average price target will result in a growth of 115.32% 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. URG will report FY 2022 earnings on 03/07/2024. Analysts have provided yearly estimates in a range of -$0.03 being high and -$0.09 being low. For URG, this leads to a yearly average estimate of -$0.07. The earnings surprise of a firm occurs when the actual results change from the consensus earnings estimate. Ur-Energy Inc. surprised analysts by -$0.01 when it reported -$0.03 EPS against a consensus estimate of -$0.01. The surprise factor in the prior quarter was $0.02. Based on analyst estimates, the high estimate for the next quarter is -$0.01 and the low estimate is -$0.02. The average estimate for the next quarter is thus -$0.01.
Summary of Insider Activity:
Insiders traded URG stock several times over the past three months with 32 Buys and 2 Sells. In these transactions, 2,181,350 shares were bought while 240,000 shares were sold. The number of buy transactions has increased to 38 while that of sell transactions has risen to 11 over the past year. The total number of shares bought during that period was 3,300,194 while 1,042,225 shares were sold.