In the meantime, Canaccord Genuity upgraded its Uranium Energy Corp. [UEC] rating to a Speculative buy from a a Hold in a research note published on Tuesday. A number of analysts have revised their coverage, including Canaccord Genuity’s analysts, who decreased its forecast for the stock in late April from “a Speculative buy” to “a Hold”. Canaccord Genuity began covering UEC with “Speculative buy” recommendation on October 14, 2020. ROTH Capital started covering the stock on October 25, 2017. It rated UEC as “a Buy”.
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Price Performance Review of UEC
On Tuesday, Uranium Energy Corp. [AMEX:UEC] saw its stock fall -5.92% to $3.34. On the same session, the stock had its day’s lowest price of $3.32, but rose to a high of $3.55. Over the last five days, the stock has lost -9.73%. Uranium Energy Corp. shares have fallen nearly -13.92% since the year began. Nevertheless, the stocks have fallen -13.47% over the past one year. While a 52-week high of $6.60 was reached on 02/02/23, a 52-week low of $2.92 was recorded on 03/07/23. SMA at 50 days reached $3.82, while 200 days put it at $3.79. A total of 9.77 million shares were traded, compared to the trading of 7.27 million shares in the previous session.
Levels Of Support And Resistance For UEC Stock
The 24-hour chart illustrates a support level at 3.26, which if violated will result in even more drops to 3.17. On the upside, there is a resistance level at 3.49. A further resistance level may holdings at 3.63. The Relative Strength Index (RSI) on the 14-day chart is 35.32, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.13, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 97.44%. Stochastics %K at 17.79% indicates the stock is a buying.
How much short interest is there in Uranium Energy Corp.?
A steep rise in short interest was recorded in Uranium Energy Corp. stocks on Jan 12, 2023, growing by 4.19 million shares to a total of 50.49 million shares. Yahoo Finance data shows the prior-month short interest on Dec 14, 2022 was 46.3 million shares. There was a rise of 8.3%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 13.89% of the overall stock float, the days-to-cover ratio (short ratio) rose to 5.85.
Uranium Energy Corp. [UEC] – Who Are The Largest Shareholders?
In filings from SSgA Funds Management, Inc., it is revealed that the company now owns 32,513,706 shares, or roughly 8.79% of the outstanding UEC shares. In other words, the investor’s shares have risen by 11,229,177 from its previous 13-F filing of 21284529.0. Additionally, BlackRock Fund Advisors increased 29.44% of its stake after which the total value it holdings stand at $87,365,012, while The Vanguard Group, Inc. added 12.58% of its stake to hold $81.03 million in the firm. Over the last quarter, Global X Management Co. LLC sold -468,223 shares of Uranium Energy Corp., while MM Asset Management, Inc. sold -547,858 shares. At present, ALPS Advisors, Inc. is holding 11,409,843 shares valued at $45.98 million. Geode Capital Management LLC owned 6,306,120 shares of the company at the time of its most recent 13F filing, worth $25.41 million.
According to FactSet, Uranium Energy Corp.’s share price will average $6.89 in the next year, based on opinions of analysts polled by the firm. This is up nearly 91.55 percent from its previous closing price of $3.55. Analysts expect Uranium Energy Corp. stock to reach the higher price of $8.25, while the lowest price estimate is $6.00. However, 6 analysts have rated UEC stock as a Buy in their predictions for 2023.