Healthy Upside Potential: Uranium Energy Corp. (UEC)

Uranium Energy Corp. (AMEX: UEC) stock fell -0.74% on Friday to $5.38 against a previous-day closing price of $5.42. With 18.91 million shares changed hands, the volume of the stock remained heavier than its average volume of 6.01 million shares. During the session, the Uranium company that operates in wider Energy sector, reached to the highest price of $5.55 whereas the lowest price it dropped to was $5.25. The 52-week range on UEC shows that it touched its highest point at $5.47 and its lowest point at $2.30 during that stretch. It currently has a 1-year price target of $6.70. Beta for the stock currently stands at 2.01.

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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 15.45%, but this was up by 46.20% over a month. Three-month performance surged to 65.54% while six-month performance rose 67.08%. The stock gained 30.27% in the past year, while it has gained 38.66% 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 -0.02. This implies an EPS growth rate of 126.60% for this year and -300.00% for next year.

Float and Shares Shorts:

At present, 375.76 million UEC shares are outstanding with a float of 370.85 million shares on hand for trading. On Aug 30, 2023, short shares totaled 28.61 million, which was 7.57% higher than short shares on Jul 30, 2023. 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.

Institutional Ownership:

Through their ownership of 50.84% of UEC’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 5.81% of UEC, in contrast to 30.77% held by mutual funds. Shares owned by individuals account for 20.67%. As the largest shareholder in UEC with 6.28% of the stake, BlackRock Fund Advisors holds 23,691,508 shares worth 23,691,508. A second-largest stockholder of UEC, The Vanguard Group, Inc., holds 20,445,706 shares, controlling over 5.42% of the firm’s shares. Global X Management Co. LLC is the third largest shareholder in UEC, holding 19,089,273 shares or 5.06% stake. With a 5.10% stake in UEC, the Global X Uranium ETF is the largest stakeholder. A total of 19,258,116 shares are owned by the mutual fund manager. The Sprott Uranium Miners ETF, which owns about 3.16% of UEC stock, is the second-largest Mutual Fund holder. It holds 11,914,482 shares valued at 51.47 million. Vanguard Total Stock Market ETF holds 3.03% of the stake in UEC, owning 11,434,730 shares worth 49.4 million.

Analysts Ratings:

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 $6.00, the average target price over the next 12 months is $6.82. Based on these targets, UEC could surge 48.7% to reach the target high and rise by 11.52% to reach the target low. Reaching the average price target will result in a growth of 26.77% 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.

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