Shares of Uranium Energy Corp. (NYSEAMERICAN:UEC - Get Free Report) saw unusually-high trading volume on Wednesday . Approximately 4,592,990 shares were traded during mid-day trading, a decline of 37% from the previous session's volume of 7,304,466 shares.The stock last traded at $7.80 and had previously closed at $7.34.
Wall Street Analysts Forecast Growth
A number of analysts recently weighed in on UEC shares. HC Wainwright restated a "buy" rating and issued a $10.25 price objective on shares of Uranium Energy in a report on Tuesday, September 24th. Roth Mkm increased their price target on Uranium Energy from $9.00 to $9.50 and gave the company a "buy" rating in a research note on Wednesday, September 25th.
Get Our Latest Stock Report on Uranium Energy
Uranium Energy Price Performance
The business has a 50 day moving average of $6.36. The stock has a market capitalization of $3.27 billion, a price-to-earnings ratio of -132.64 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) EPS for the quarter. Uranium Energy had a negative net margin of 8.20% and a negative return on equity of 4.98%. Equities research analysts forecast that Uranium Energy Corp. will post 0.09 EPS for the current fiscal year.
Insider Buying and Selling
In other news, CEO Amir Adnani bought 60,000 shares of the stock in a transaction dated Friday, September 6th. The stock was bought at an average price of $4.10 per share, for a total transaction of $246,000.00. Following the completion of the acquisition, the chief executive officer now directly owns 4,242,326 shares in the company, valued at approximately $17,393,536.60. This trade represents a 0.00 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other Uranium Energy news, CEO Amir Adnani purchased 60,000 shares of the firm's stock in a transaction that occurred on Friday, September 6th. The stock was bought at an average cost of $4.10 per share, with a total value of $246,000.00. Following the completion of the transaction, the chief executive officer now owns 4,242,326 shares of the company's stock, valued at $17,393,536.60. The trade was a 0.00 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Scott Melbye purchased 9,500 shares of the company's stock in a transaction that occurred on Friday, September 6th. The shares were acquired at an average price of $4.18 per share, for a total transaction of $39,710.00. Following the completion of the acquisition, the executive vice president now directly owns 988,031 shares of the company's stock, valued at $4,129,969.58. This trade represents 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 Investors Weigh In On Uranium Energy
A number of hedge funds have recently modified their holdings of the stock. Vontobel Holding Ltd. increased its holdings in Uranium Energy by 3.9% in the 3rd quarter. Vontobel Holding Ltd. now owns 38,548 shares of the basic materials company's stock worth $239,000 after acquiring an additional 1,461 shares during the last quarter. American International Group Inc. lifted its stake in shares of Uranium Energy by 1.0% during the 1st quarter. American International Group Inc. now owns 189,900 shares of the basic materials company's stock valued at $1,282,000 after buying an additional 1,844 shares in the last quarter. Choreo LLC boosted its holdings in Uranium Energy by 11.0% in the 2nd quarter. Choreo LLC now owns 24,505 shares of the basic materials company's stock worth $141,000 after buying an additional 2,420 shares during the period. Wealth Enhancement Advisory Services LLC grew its stake in Uranium Energy by 7.2% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 38,436 shares of the basic materials company's stock valued at $231,000 after buying an additional 2,585 shares in the last quarter. Finally, EntryPoint Capital LLC grew its stake in Uranium Energy by 897.7% in the 1st quarter. EntryPoint Capital LLC now owns 4,340 shares of the basic materials company's stock valued at $29,000 after buying an additional 3,905 shares in the last quarter. Institutional investors own 62.28% of the company's stock.
About Uranium Energy
(
Get Free Report)
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.
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