$1.07 in average volume shows that Uranium Energy Corp (UEC) is heading in the right direction

A new trading day began on Monday, with Uranium Energy Corp (AMEX: UEC) stock price up 2.98% from the previous day of trading, before settling in for the closing price of $7.71. UEC’s price has ranged from $2.30 to $8.34 over the past 52 weeks.

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During the last 5-year period, the sales growth of Energy Sector giant was 121.95%. Meanwhile, its annual earnings per share averaged 267.00%. With a float of $384.26 million, this company’s outstanding shares have now reached $392.98 million.

Uranium Energy Corp (UEC) Insider Activity

As we move forward, let’s examine how large-scale investors are investing in this stock of the Uranium Industry. The insider ownership of Uranium Energy Corp is 2.22%, while institutional ownership is 58.09%. The most recent insider transaction that took place on Feb 01, was worth 685,983. In this transaction Director of this company sold 84,000 shares at a rate of $8.17, taking the stock ownership to the 186,095 shares. Before that another transaction happened on Nov 16, when Company’s Chief Financial Officer sold 4,877 for $6.07, making the entire transaction worth $29,620. This insider now owns 788,000 shares in total.

Uranium Energy Corp (UEC) Earnings and Forecasts

In its latest quarterly report, released on 10/30/2023, the company reported earnings of $0.03 per share, which was $0.1 higher than the consensus estimate of $0.26. In terms of return on equity, this company recorded -19.55% in contrast with 50.0% return on Investment (trailing twelve months). Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.02 per share during the current fiscal year.

According to the Wall Street analysts, stocks earnings will be around 267.00% per share during the next fiscal year.

Uranium Energy Corp (AMEX: UEC) Trading Performance Indicators

Here are Uranium Energy Corp’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 2.00. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 29.11.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 0.01, a number that is poised to hit 0.01 in the next quarter and is forecasted to reach 0.11 in one year’s time.

Technical Analysis of Uranium Energy Corp (UEC)

Looking closely at Uranium Energy Corp (AMEX: UEC), its last 5-days average volume was 8.0 million, which is a drop from its year-to-date volume of 9.12 million. As of the previous 9 days, the stock’s Stochastic %D was 45.79%. Additionally, its Average True Range was 0.38.

During the past 100 days, Uranium Energy Corp’s (UEC) raw stochastic average was set at 89.25%, which indicates a significant increase from 67.21% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 48.09% in the past 14 days, which was lower than the 51.03% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $7.07, while its 200-day Moving Average is $4.89. However, in the short run, Uranium Energy Corp’s stock first resistance to watch stands at $8.09. Second resistance stands at $8.24. The third major resistance level sits at $8.47. If the price goes on to break the first support level at $7.71, it is likely to go to the next support level at $7.48. Should the price break the second support level, the third support level stands at $7.33.

Uranium Energy Corp (AMEX: UEC) Key Stats

With a market capitalization of 3.12 billion, the company has a total of 392,980K Shares Outstanding. Currently, annual sales are 164,390 K while annual income is -3,310 K. The company’s previous quarter sales were 110 K while its latest quarter income was 3,320 K.