In a filing, Uranium Energy Corp. revealed its Director Ballesta Moya Gloria L unloaded Company’s shares for reported $0.16 million on Jul 21. In the deal valued at $3.21 per share,50,000 shares were sold. As a result of this transaction, Ballesta Moya Gloria L now holds 76,730 shares worth roughly $ 0.41 million.
Then, DELLA VOLPE VINCENT sold 65,000 shares, generating $219,447 in total proceeds. Upon selling the shares at $3.38, the Director now owns 266,326 shares.
Before that, KONG DAVID sold 7,000 shares. Uranium Energy Corp. shares valued at $23,482 were divested by the Director at a price of $3.35 per share. As a result of the transaction, KONG DAVID now holds 145,532 shares, worth roughly $0.78 million.
TD Securities initiated its Uranium Energy Corp. [UEC] rating to a Speculative buy in a research note published on Monday, September 13, 2023; the price target was $6. PT values the company’s stock at a premium of 10.67 to its Monday closing price.
Price Performance Review of UEC
On Monday, Uranium Energy Corp. [AMEX:UEC] saw its stock fall -0.37% to $5.36. On the same session, the stock had its day’s lowest price of $4.76, but rose to a high of $5.44. Over the last five days, the stock has gained 10.97%. Uranium Energy Corp. shares have risen nearly 38.14% since the year began. Nevertheless, the stocks have risen 40.31% over the past one year. While a 52-week high of $5.55 was reached on 09/15/23, a 52-week low of $2.30 was recorded on 05/02/23. SMA at 50 days reached $3.93, while 200 days put it at $3.44. A total of 14.97 million shares were traded, compared to the trading of 18.92 million shares in the previous session.
Levels Of Support And Resistance For UEC Stock
The 24-hour chart illustrates a support level at 4.93, which if violated will result in even more drops to 4.51. On the upside, there is a resistance level at 5.61. A further resistance level may holdings at 5.87. The Relative Strength Index (RSI) on the 14-day chart is 83.02, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.59, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 14.07%. Stochastics %K at 90.08% indicates the stock is a selling.
How much short interest is there in Uranium Energy Corp.?
A steep rise in short interest was recorded in Uranium Energy Corp. stocks on Aug 30, 2023, growing by 0.82 million shares to a total of 28.61 million shares. Yahoo Finance data shows the prior-month short interest on Jul 30, 2023 was 27.79 million shares. There was a rise of 2.87%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 7.70% of the overall stock float, the days-to-cover ratio (short ratio) rose to 5.12.
Uranium Energy Corp. [UEC] – Who Are The Largest Shareholders?
In filings from BlackRock Fund Advisors, it is revealed that the company now owns 23,691,508 shares, or roughly 6.28% of the outstanding UEC shares. In other words, the investor’s shares have risen by 1,891,396 from its previous 13-F filing of 21800112.0. Additionally, The Vanguard Group, Inc. increased 0.20% of its stake after which the total value it holdings stand at $88,325,450, while Global X Management Co. LLC added 8.88% of its stake to hold $82.47 million in the firm. Over the last quarter, SSgA Funds Management, Inc. sold -10,074,560 shares of Uranium Energy Corp., while MM Asset Management, Inc. sold -2,821,069 shares. At present, ALPS Advisors, Inc. is holding 12,746,845 shares valued at $55.07 million. Segra Capital Management LLC owned 8,512,035 shares of the company at the time of its most recent 13F filing, worth $36.77 million.
According to FactSet, Uranium Energy Corp.’s share price will average $6.82 in the next year, based on opinions of analysts polled by the firm. This is up nearly 24.54 percent from its previous closing price of $5.38. Analysts expect Uranium Energy Corp. stock to reach the higher price of $8.00, while the lowest price estimate is $6.00. However, 6 analysts have rated UEC stock as a Buy in their predictions for 2023.