Could Uranium Energy Corp (UEC) stock price achieve new all-time highs if its expected earnings and revenue increase?

In yesterday’s Wall Street session, Uranium Energy Corp (AMEX:UEC) shares traded at $5.78, down -2.20% from the previous session.

As of this writing, 5 analysts cover Uranium Energy Corp (AMEX:UEC). The consensus rating among analysts is ‘Buy’. As we calculate the median target price by taking the range between a high of $8.00 and a low of $6.50, we find $6.75. Given the previous closing price of $5.91, this indicates a potential upside of 14.21 percent. UEC stock price is now 12.93% away from the 50-day moving average and 55.19% away from the 200-day moving average. The market capitalization of the company currently stands at $2.23B.

There are 0 analysts who have given it a hold rating, whereas 5 have given it a buy rating. Brokers who have rated the stock have averaged $6.97 as their price target over the next twelve months.

With the price target of $6, TD Securities recently initiated with Speculative Buy rating for Uranium Energy Corp (AMEX: UEC).

In other news, Ballesta Moya Gloria L, Director sold 50,000 shares of the company’s stock on Jul 21. The stock was sold for $160,500 at an average price of $3.21. Upon completion of the transaction, the Director now directly owns 76,730 shares in the company, valued at $0.44 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jul 05, Director DELLA VOLPE VINCENT sold 65,000 shares of the business’s stock. A total of $219,447 was realized by selling the stock at an average price of $3.38. This leaves the insider owning 266,326 shares of the company worth $1.54 million. A total of 1.83% of the company’s stock is owned by insiders.

Friday morning saw Uranium Energy Corp (AMEX: UEC) opened at $5.96. During the past 12 months, Uranium Energy Corp has had a low of $2.30 and a high of $6.03. As of last week, the company has a debt-to-equity ratio of 0.00, a current ratio of 4.53, and a quick ratio of 4.02. The fifty day moving average price for UEC is $5.15 and a two-hundred day moving average price translates $3.73 for the stock.

The latest earnings results from Uranium Energy Corp (AMEX: UEC) was released for Jul, 2023. According to the Uranium Company, earnings per share came in at $0.01, beating analysts’ expectations of -$0.02 by 0.03. This compares to $0.02 EPS in the same period last year. The net profit margin was -2.01% and return on equity was -0.69% for UEC. The company reported revenue of $38.95 million for the quarter, compared to $78000.0 a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 49834.62 percent. For the current quarter, analysts expect UEC to generate $13M in revenue.

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; Dalton Pass and C de Baca project located in New Mexico; Roughrider, Shea Creek, Christie Lake, Horseshoe-Raven, Hidden Bay, Diabase, West Bear, JCU, and other 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 headquartered in Corpus Christi, Texas.

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