Taking the lead: Uranium Energy Corp (UEC)

With 8.92 million shares changed hands, the volume of the stock remained heavier than its average volume of 1.07 shares. During the session, the Uranium company that operates in wider Energy sector, reached to the highest price of $7.87 whereas the lowest price it dropped to was $7.57. The 52-week range on UEC shows that it touched its highest point at $8.34 and its lowest point at $2.30 during that stretch. It currently has a 1-year price target of $10.70. Beta for the stock currently stands at 1.90.

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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 down-trending over the past week, with a drop of -5.28%, but this was up by 12.39% over a month. Three-month performance surged to 39.93% while six-month performance rose 113.57%. The stock gained 103.43% in the past year, while it has gained 20.47% so far this year. A look at the trailing 12-month EPS for UEC yields 0.01 with Next year EPS estimates of 0.11. For the next quarter, that number is 0.01. This implies an EPS growth rate of 267.00% for this year and 544.61% for next year.

Float and Shares Shorts:

At present, 392.98 million UEC shares are outstanding with a float of 384.26 million shares on hand for trading. On Jan 31, 2024, short shares totaled 36.83 million, which was 9.37% higher than short shares on Dec 29, 2023. In addition to UEC as the firm’s Uranium Energy Corp., UMC serves as its United Microelectronics Corpora.

Institutional Ownership:

Through their ownership of 65.59% of UEC’s outstanding shares, institutional investors have majority control over the company.

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 $13.00 and a low target of $9.75, the average target price over the next 12 months is $10.70. Based on these targets, UEC could surge 68.61% to reach the target high and rise by 26.46% to reach the target low. Reaching the average price target will result in a growth of 38.78% from current levels.