42.4 F
New York
Tuesday, November 24, 2020

Uranium Energy Corp. (AMEX:UEC) Stock is Soaring, Here is Why

Must read

PPL Corporation (NYSE:PPL) Finding Zero Support

PPL Corporation (PPL) shares are trading at lower $29.15 and the avg recommendation for the stock is Moderate Buy, while the current analyst price...

PepsiCo Inc. (NASDAQ:PEP) is Gaining Momentum on Earnings Catalyst

PepsiCo Inc. (PEP) shares are trading at higher $143.42 and the avg recommendation for the stock is Moderate Buy, while the current analyst price...

Gerdau S.A. (NYSE:GGB) on the Path to Ruin

Gerdau S.A. (GGB) shares are trading at lower $3.98 and the avg recommendation for the stock is Moderate Buy, while the current analyst price...

Can We Expect More Volatility From Sabre Corporation (SABR)?

Sabre Corporation (SABR) shares are trading at lower $10.00 and the avg recommendation for the stock is Hold, while the current analyst price target...

Uranium Energy Corp. (UEC) shares are trading at higher $1.04 and the avg recommendation for the stock is Moderate Buy.

To add more color to this target, the company’s high over the last year is $1.26 and the low is $0.35. Over the last 52 weeks, UEC is down -17.73% while the S&P 500 is down -0.42%. The catalyst for this interesting swing was the company’s recent earnings report.

A Notable Earnings Report

In the last quarter, UEC reported a profit of $0.84 million. Uranium Energy Corp. also saw revenues increase to $3.16 million. In addition, UEC has free cash flow of -$10.42 million as of 04-2020. The company’s EBITDA came in at -$2.69 million which compares well with its peers.

UEC Return on Equity (ROE) is -23.40%, and its Return on Assets is -17.10%. All told, it is clear that, UEC needs to be on your watchlist.

Find out when UEC reaches critical levels. Subscribe to OracleDispatch.com Right Now by entering your Email in the box below.

Of course, we must look beyond the financials and question how well those numbers represent the sustainable earnings power of the business. Investors need to know how sustainable this current run. UEC has a short ratio of 16.66 and outstanding shares of 183.90M.

Company Outlook

UEC has seen increased volume after this news and investors are putting their support behind the value proposition. Traders will also note the company’s earnings per share came in at -0.09. Uranium Energy Corp. UEC also noted assets of $93.65 million at the end of the last quarter. Investors should also keep an eye on sector updates as UEC has historically followed its peers on positive news.

All told, Uranium Energy Corp. UEC has strung together solid data and demonstrated underlying fundamentals. At its current valuation, UEC represents an interesting risk/reward case. Traders should stay tuned to see if this recent report will push the stock to test recent resistance levels.

Uranium Energy Corp. UEC is now commanding a market cap of 189.68M and a float of 170.55M. UEC is increasing its credibility in this sector and that could lead to more upside down the line. Sign-up for continuing coverage on shares of UEC stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!

Disclosure: we hold no position in UEC, either long or short, and we have not been compensated for this article.

Latest article

Lithium Americas Corp. (NYSE:LAC) on the Path to Ruin

Lithium Americas Corp. (LAC) shares are trading at lower $10.34. To add more color to this target, the company’s high over the last year...

The Last Few Sessions Have Cars.com LLC (CARS) Soaring

Cars.com LLC (CARS) shares are trading at higher $10.62 and the avg recommendation for the stock is Moderate Buy, while the current analyst price...

Antero Midstream Corporation (NYSE:AM) Stock is Plummeting, Here is Why

Antero Midstream Corporation (AM) shares are trading at lower $6.40 and the avg recommendation for the stock is Hold, while the current analyst price...

Valero Energy Corporation (VLO)’s Stock is Jumping, Here is Why

Valero Energy Corporation (VLO) shares are trading at lower $50.82 and the avg recommendation for the stock is Moderate Buy, while the current analyst...

Can We Expect More Volatility From Just Energy Group Inc. (JE)?

Just Energy Group Inc. (JE) shares are trading at higher $4.93 and the avg recommendation for the stock is Strong Buy, while the current...