Uranium Energy (NYSEAMERICAN:UEC) Shares Down 5.3% - Should You Sell?

Shares of Uranium Energy Corp. (NYSEAMERICAN:UEC - Get Free Report) traded down 5.3% during mid-day trading on Tuesday . The company traded as low as $7.90 and last traded at $7.98. 3,394,136 shares changed hands during mid-day trading, a decline of 55% from the average session volume of 7,527,383 shares. The stock had previously closed at $8.43.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. HC Wainwright reaffirmed a "buy" rating and issued a $10.25 target price on shares of Uranium Energy in a report on Tuesday, September 24th. Roth Mkm upped their target price on shares of Uranium Energy from $9.00 to $9.50 and gave the stock a "buy" rating in a research note on Wednesday, September 25th.

Uranium Energy Stock Down 5.3 %

The company has a fifty day simple moving average of $6.36. The company has a market capitalization of $3.28 billion, a P/E ratio of -133.64 and a beta of 1.84.

Uranium Energy (NYSEAMERICAN:UEC - Get Free Report) last announced its quarterly earnings results on Thursday, September 26th. The basic materials company reported ($0.03) earnings per share for the quarter. Uranium Energy had a negative net margin of 8.20% and a negative return on equity of 4.98%. On average, research analysts forecast that Uranium Energy Corp. will post 0.09 earnings per share for the current fiscal year.

Insider Activity at Uranium Energy

In other news, CEO Amir Adnani bought 60,000 shares of the firm's stock in a transaction on Friday, September 6th. The stock was acquired at an average price of $4.10 per share, with a total value of $246,000.00. Following the transaction, the chief executive officer now owns 4,242,326 shares of the company's stock, valued at $17,393,536.60. This trade represents a 0.00 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, EVP Scott Melbye purchased 9,500 shares of the firm's stock in a transaction that occurred on Friday, September 6th. The shares were purchased at an average cost of $4.18 per share, with a total value of $39,710.00. Following the purchase, the executive vice president now owns 988,031 shares of the company's stock, valued at $4,129,969.58. This represents a 0.00 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Amir Adnani acquired 60,000 shares of the company's stock in a transaction on Friday, September 6th. The shares were purchased at an average cost of $4.10 per share, for a total transaction of $246,000.00. Following the acquisition, the chief executive officer now owns 4,242,326 shares of the company's stock, valued at approximately $17,393,536.60. The trade was a 0.00 % increase in their position. The disclosure for this purchase can be found here. 2.40% of the stock is currently owned by corporate insiders.

Institutional Trading of Uranium Energy

Several institutional investors have recently made changes to their positions in UEC. EntryPoint Capital LLC lifted its stake in Uranium Energy by 897.7% in the first quarter. EntryPoint Capital LLC now owns 4,340 shares of the basic materials company's stock valued at $29,000 after purchasing an additional 3,905 shares during the last quarter. Strategic Investment Solutions Inc. IL purchased a new position in shares of Uranium Energy in the 2nd quarter valued at approximately $26,000. Kingswood Wealth Advisors LLC acquired a new position in Uranium Energy during the first quarter worth $68,000. Janney Montgomery Scott LLC purchased a new stake in shares of Uranium Energy in the 1st quarter valued at approximately $75,000. Finally, Blackhawk Capital Partners LLC. purchased a new stake in Uranium Energy during the second quarter worth approximately $69,000. 62.28% of the stock is currently owned by institutional investors and hedge funds.

Uranium Energy 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.