In yesterday’s Wall Street session, Uranium Energy Corp. (AMEX:UEC) shares traded at $2.73, up 7.91% from the previous session.
6 analysts cover Uranium Energy Corp. (AMEX:UEC), according to research data. The consensus rating among analysts is ‘Buy’. As we calculate the median target price by taking the range between a high of $8.25 and a low of $5.75, we find $6.80. Given the previous closing price of $2.53, this indicates a potential upside of 168.77 percent. UEC stock price is now -2.26% away from the 50-day moving average and -23.85% away from the 200-day moving average. The market capitalization of the company currently stands at $1.02B.
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The stock has received a hold rating from 0 analysts and a buy rating from 6. Brokers who have rated the stock have averaged $6.85 as their price target over the next twelve months.
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In other news, Adnani Amir, President and CEO bought 60,000 shares of the company’s stock on Mar 24. The stock was bought for $159,558 at an average price of $2.66. Upon completion of the transaction, the President and CEO now directly owns 3,615,101 shares in the company, valued at $9.87 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 24, Director Abraham Spencer bought 38,500 shares of the business’s stock. A total of $100,639 was incurred on buying the stock at an average price of $2.61. This leaves the insider owning 605,437 shares of the company worth $1.65 million. A total of 1.80% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in UEC stock. A new stake in Uranium Energy Corp. shares was purchased by HRT FINANCIAL LP during the first quarter worth $1,338,000. DARK FOREST CAPITAL MANAGEMENT LP invested $1,255,000 in shares of UEC during the first quarter. In the first quarter, MILLENNIUM MANAGEMENT LLC acquired a new stake in Uranium Energy Corp. valued at approximately $1,105,000. TUDOR INVESTMENT CORP ET AL acquired a new stake in UEC for approximately $971,000. TEJARA CAPITAL LTD purchased a new stake in UEC valued at around $825,000 in the second quarter. In total, there are 278 active investors with 46.10% ownership of the company’s stock.
On Monday morning Uranium Energy Corp. (AMEX: UEC) stock kicked off with the opening price of $2.5500. During the past 12 months, Uranium Energy Corp. has had a low of $2.30 and a high of $4.72. As of last week, the company has a debt-to-equity ratio of 0.00, a current ratio of 4.50, and a quick ratio of 2.80. The fifty day moving average price for UEC is $2.7836 and a two-hundred day moving average price translates $3.5780 for the stock.
The latest earnings results from Uranium Energy Corp. (AMEX: UEC) was released for Jan, 2023. According to the Uranium Company, earnings per share came in at $0.03, beating analysts’ expectations of $0 by 0.03. This compares to -$0.02 EPS in the same period last year. The net profit margin was 17.30% and return on equity was 4.30% for UEC. The company reported revenue of $47.93 million for the quarter, compared to $13.19 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 263.36 percent.
Uranium Energy Corp.(UEC) Company Profile
Uranium Energy Corp., together with its subsidiaries, engages in exploration, pre-extraction, extraction, and processing uranium and titanium concentrates in the United States, Canada, and Paraguay. It owns interests in the Palangana mine, Goliad, Burke Hollow, Longhorn, and Salvo projects located in Texas; Anderson, Workman Creek, and Los Cuatros projects situated in Arizona; Slick Rock project in Colorado; Reno Creek project in Wyoming; Dalton Pass and C de Baca project located in New Mexico; Diabase project located in Canada; and Yuty, Oviedo, and Alto Paraná titanium projects in Paraguay. The company was formerly known as Carlin Gold Inc. and changed its name to Uranium Energy Corp. in January 2005. Uranium Energy Corp. was incorporated in 2003 and is based in Corpus Christi, Texas.
