Uranium Energy Corp. (AMEX: UEC) stock fell -3.58% on Wednesday to $2.69 against a previous-day closing price of $2.79. With 3.77 million shares changed hands, the volume of the stock remained lighter than its average volume of 6.3 million shares. During the session, the Uranium company that operates in wider Energy sector, reached to the highest price of $2.7800 whereas the lowest price it dropped to was $2.6400. The 52-week range on UEC shows that it touched its highest point at $4.72 and its lowest point at $2.30 during that stretch. It currently has a 1-year price target of $6.87. Beta for the stock currently stands at 2.00.
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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 3.86%, but this was up by 9.35% over a month. Three-month performance dropped to -24.86% while six-month performance fell -28.84%. The stock lost -25.48% in the past year, while it has lost -30.67% so far this year. A look at the trailing 12-month EPS for UEC yields 0.06 with Next year EPS estimates of -0.05. For the next quarter, that number is -0.02. This implies an EPS growth rate of 126.60% for this year and -400.00% for next year.
Float and Shares Shorts:
At present, 369.61 million UEC shares are outstanding with a float of 358.78 million shares on hand for trading. On Apr 27, 2023, short shares totaled 42.27 million, which was 11.26% higher than short shares on Mar 30, 2023. In addition to UEC as the firm’s Uranium Energy Corp., EC serves as its Ecopetrol S.A.
Through their ownership of 50.88% of UEC’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 5.70% of UEC, in contrast to 30.72% held by mutual funds. Shares owned by individuals account for 21.15%. As the largest shareholder in UEC with 7.54% of the stake, SSgA Funds Management, Inc. holds 28,302,174 shares worth 28,302,174. A second-largest stockholder of UEC, BlackRock Fund Advisors, holds 21,800,112 shares, controlling over 5.81% of the firm’s shares. The Vanguard Group, Inc. is the third largest shareholder in UEC, holding 20,405,061 shares or 5.44% stake. With a 5.37% stake in UEC, the SPDR S&P Metals & Mining ETF is the largest stakeholder. A total of 20,168,784 shares are owned by the mutual fund manager. The Global X Uranium ETF, which owns about 4.55% of UEC stock, is the second-largest Mutual Fund holder. It holds 17,094,980 shares valued at 44.62 million. Sprott Uranium Miners ETF holds 3.09% of the stake in UEC, owning 11,581,243 shares worth 30.23 million.
An Overview of Recent Financials:
Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on Jan 30, 2023, UEC reported revenue of $9.89M and operating income of -$3.06M. The EBITDA in the recently reported quarter was -$587.69k and diluted EPS was $0.03.
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for UEC since 0 analysts follow the stock currently. 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 $8.00 and a low target of $5.75, the average target price over the next 12 months is $6.81. Based on these targets, UEC could surge 197.4% to reach the target high and rise by 113.75% to reach the target low. Reaching the average price target will result in a growth of 153.16% 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.