Uranium Energy (NYSEAMERICAN:UEC) Sets New 1-Year Low - Should You Sell?

Key Points

• Uranium Energy shares fell to a new 52-week low of $8.83, trading below both their 50-day ($10.82) and 200-day ($11.89) moving averages.
• Analyst sentiment remains mixed but leans positive: the stock has a consensus “Moderate Buy” rating and a $16.75 price target, despite one recent “Strong Sell” downgrade.
• The company missed quarterly earnings expectations, reporting a loss of $0.12 per share versus the expected $0.04 loss, while revenue of $17.05 million exceeded estimates of $9 million.

Uranium Energy Corp. (NYSEAMERICAN:UEC - Get Free Report)'s share price hit a new 52-week low during trading on Monday. The stock traded as low as $8.83 and last traded at $8.9750, with a volume of 709,692 shares changing hands. The stock had previously closed at $9.19.

Analyst Ratings Changes

A number of analysts recently commented on UEC shares. Jefferies Financial Group started coverage on shares of Uranium Energy in a research note on Thursday, September 3rd. They issued a "hold" rating and a $11.50 target price for the company. Zacks Research downgraded shares of Uranium Energy from a "hold" rating to a "strong sell" rating in a report on Monday, October 5th. Royal Bank Of Canada initiated coverage on shares of Uranium Energy in a report on Friday, October 2nd. They set a "sector perform" rating and a $10.00 price target on the stock. National Bank Financial dropped their price target on shares of Uranium Energy from $16.00 to $15.00 and set an "outperform" rating on the stock in a research report on Monday, October 5th. Finally, HC Wainwright reaffirmed a "buy" rating and issued a $26.75 price objective on shares of Uranium Energy in a report on Wednesday, September 30th. Five research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Uranium Energy currently has a consensus rating of "Moderate Buy" and a consensus price target of $16.75.

Uranium Energy Stock Down 3.0%

The company has a 50-day moving average of $10.82 and a 200 day moving average of $11.89. The stock has a market capitalization of $4.42 billion, a PE ratio of -31.87 and a beta of 1.38.

Uranium Energy (NYSEAMERICAN:UEC - Get Free Report) last announced its quarterly earnings data on Tuesday, September 29th. The basic materials company reported ($0.12) earnings per share for the quarter, missing analysts' consensus estimates of ($0.04) by ($0.08). The business had revenue of $17.05 million during the quarter, compared to the consensus estimate of $9.00 million. As a group, equities analysts predict that Uranium Energy Corp. will post -0.08 EPS for the current fiscal year.

Hedge Funds Weigh In On Uranium Energy

Several hedge funds and other institutional investors have recently modified their holdings of UEC. GAMMA Investing LLC boosted its position in shares of Uranium Energy by 26.6% during the 3rd quarter. GAMMA Investing LLC now owns 11,360 shares of the basic materials company's stock valued at $107,000 after acquiring an additional 2,386 shares during the last quarter. Segra Capital Management LLC purchased a new stake in shares of Uranium Energy in the third quarter valued at about $5,198,000. Sequoia Financial Advisors LLC increased its position in Uranium Energy by 6.0% during the second quarter. Sequoia Financial Advisors LLC now owns 18,673 shares of the basic materials company's stock worth $199,000 after purchasing an additional 1,050 shares during the last quarter. Integrated Wealth Concepts LLC increased its position in Uranium Energy by 28.2% during the second quarter. Integrated Wealth Concepts LLC now owns 66,655 shares of the basic materials company's stock worth $711,000 after purchasing an additional 14,679 shares during the last quarter. Finally, NewEdge Advisors LLC increased its position in Uranium Energy by 49.9% during the second quarter. NewEdge Advisors LLC now owns 30,133 shares of the basic materials company's stock worth $321,000 after purchasing an additional 10,037 shares during the last quarter. 62.28% of the stock is owned by hedge funds and other institutional investors.

About Uranium Energy

Uranium Energy Corp. is a uranium mining and exploration company headquartered in Corpus Christi, Texas. The company focuses on the acquisition, development and operation of uranium projects, with an emphasis on in-situ recovery (ISR), a mining method that extracts uranium from underground deposits without conventional open-pit or underground mining. Its operations and development portfolio are primarily located in the United States, including projects in Texas and Wyoming.

UEC's U.S. assets include ISR projects, processing facilities and associated resource properties.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.