Uranium Energy (NYSEAMERICAN:UEC) Stock Price Down 6.3% - Should You Sell?

Key Points

• Shares fell 6.3% to about $12.45 on Friday with trading volume sharply lower at ~1.95M shares (down ~82% from the 10.57M average), signaling a volatile day despite the prior close of $13.28.
• Analyst sentiment is positive: the stock has a consensus rating of “Moderate Buy” with a consensus price target of $17.53 and multiple firms (Goldman Sachs, HC Wainwright, National Bank) issuing or raising buy targets up to $26.75.
• On fundamentals, UEC reported Q results of ($0.03) EPS (in line with estimates) and $20.2M revenue (above expectations); the company is an ISR-focused uranium producer with a market cap of about $5.93B and a negative P/E (~-101.7).

Uranium Energy Corp. (NYSEAMERICAN:UEC - Get Free Report) shares were down 6.3% during trading on Friday . The company traded as low as $12.35 and last traded at $12.4490. Approximately 1,951,566 shares traded hands during trading, a decline of 82% from the average daily volume of 10,568,539 shares. The stock had previously closed at $13.28.

Wall Street Analyst Weigh In

UEC has been the topic of a number of recent research reports. National Bank Financial upped their target price on shares of Uranium Energy from $15.50 to $16.50 and gave the company an "outperform" rating in a report on Friday, December 19th. The Goldman Sachs Group reaffirmed a "buy" rating and issued a $18.00 target price on shares of Uranium Energy in a research note on Wednesday, February 4th. HC Wainwright upped their target price on Uranium Energy from $26.50 to $26.75 and gave the company a "buy" rating in a research note on Wednesday, March 11th. Roth Mkm reissued a "buy" rating and issued a $16.00 price target on shares of Uranium Energy in a research note on Thursday, December 11th. Finally, Zacks Research upgraded shares of Uranium Energy from a "strong sell" rating to a "hold" rating in a report on Monday, December 1st. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, Uranium Energy has an average rating of "Moderate Buy" and a consensus price target of $17.53.

Uranium Energy Stock Down 8.9%

The stock has a 50 day simple moving average of $16.01 and a 200 day simple moving average of $14.03. The company has a market cap of $5.93 billion, a price-to-earnings ratio of -101.71 and a beta of 1.21.

Uranium Energy (NYSEAMERICAN:UEC - Get Free Report) last announced its earnings results on Tuesday, March 10th. The basic materials company reported ($0.03) EPS for the quarter, meeting the consensus estimate of ($0.03). The company had revenue of $20.20 million for the quarter, compared to analysts' expectations of $12.85 million. As a group, equities research analysts expect that Uranium Energy Corp. will post 0.01 EPS for the current fiscal year.

Institutional Trading of Uranium Energy

A number of hedge funds and other institutional investors have recently made changes to their positions in UEC. Ameritas Advisory Services LLC acquired a new stake in shares of Uranium Energy during the 3rd quarter valued at $33,000. Strategic Advocates LLC acquired a new stake in shares of Uranium Energy during the third quarter worth $40,000. Sound Income Strategies LLC raised its position in shares of Uranium Energy by 159.1% during the fourth quarter. Sound Income Strategies LLC now owns 3,094 shares of the basic materials company's stock worth $36,000 after purchasing an additional 1,900 shares during the period. PenderFund Capital Management Ltd. purchased a new stake in shares of Uranium Energy during the fourth quarter valued at $39,000. Finally, Caitong International Asset Management Co. Ltd acquired a new position in shares of Uranium Energy in the 4th quarter valued at $39,000. 62.28% of the stock is currently owned by institutional investors.

Uranium Energy Company Profile

Uranium Energy Corp. is a uranium mining and exploration company focused on the development and production of uranium through in-situ recovery (ISR) methods. The company's core activities include operating ISR projects, advancing exploration properties, and engaging in joint ventures to secure uranium supply for nuclear power generation. Uranium Energy's approach emphasizes environmentally conscious extraction techniques that minimize land disturbance and water usage compared with conventional mining.

The company's primary producing asset is the Hobson ISR facility in South Texas, which commenced production to supply uranium concentrate to nuclear utilities.

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