Is this the best time to Buy Uranium Energy Corp. (NYSE:UEC) stock?

Uranium Energy Corp. (NYSE:UEC) traded at $0.98 at last check on Friday, Nov 20, making an upward move of 2.42% on its previous day’s price.

Looking at the stock we see that its previous close was $0.96 and the beta (5Y monthly) reads 2.09 with the day’s price range being $0.9406 – 0.9800. The company has a 12-month trailing PE ratio of 0. In terms of its 52-week price range, UEC has a high of $1.29 and a low of $0.35. The company’s stock has gained about 4.17% over that past 30 days.

Uranium has a market cap of $198.86 Million and is expected to release its quarterly earnings report on October 29, 2020. With its Forward Dividend at 0 and a yield of 0%, the company’s investors could be worried for the UEC stock to lose ahead of the earnings release. Estimates by analysts give the company expected earnings per share (EPS) of $0, with the EPS growth for the year unchanged at -$0.08 for 2020 and $0 for next year. These figures represent 0% and at -1% growth in EPS for the two years respectively.

On the other hand, looking at the outlook for the UEC stock, short term indicators assign the stock an average of Hold, while medium term indicators assign it an average of 50% Sell. Long term indicators on average place the stock in the category of Hold.

Based on estimates by 5 analysts where scores have ranged from 1.00 for a strong buy to 5.00 for a strong sell, none have rated the Uranium Energy Corp. (UEC) stock as a Hold, while 5 rate it as a Buy. None analysts rate it as outperform while none of them rated it as underperform, whereas none suggests the stock as a Sell. The stock has an overall rating of Buy and investors could take advantage and scoop up stock of the company.

Looking further, we note that the PEG ratio for the UEC stock currently stands at 0, and the current price level is 4.95% off its SMA20 and -1.6% from its 50-day simple moving average. The RSI (14) is pointing at 52.63 while the volatility over the past week is 4.3% and jumps to 6.34% over the past one month. The beta value is 2.09, while the average true range (ATR) is currently pointing at 0.05. The average price target for the stock over the next 12 months is $2.34, with the estimates having a low of $1.5 and a high of $3.5. These price ends are 53.06% and +257.14% off the current price level respectively, although investors could be excited at the prospect of a +144.9% if the UEC share price touches on the median price of $2.4.

Let’s briefly compare Uranium (UEC) stock to its peers. We find that today’s price change of +2.42% and +1.66% over the past 12 months for UEC competes that of Bhp Billiton Ltd (BHP), which has seen its stock price rise 1.17% in the latest trading session and is +6.72% over the last one year. Another of its peers Rio Tinto Plc (RIO) has climbed 0.67% today, and is +19.19% up over the past year, while Newmont Mining Corp (NEM) is also up 2.42% yet its price remains in the green at 1.66% over the same period. Bhp has a P/E ratio of 17.11 compared to Uranium’s 0 and Rio’s 14.42. In contrast to these companies, both the S&P 500 Index and the Dow Jones Industrial are today at -0.68% and -0.75%, respectively, in early deals.

Coming back to Uranium Energy Corp. (NYSE:UEC), we note that the average 3-month trading volume was 1.38 Million, while that of the preceding 10-day period stands at 1.19 Million. Current shares outstanding are 197.38 Million.

According to data from Thomson Reuters, insiders hold 2.14% of the company’s shares while institutions hold 27.4%. The data shows that short shares as of October 29, 2020, stood at 18.49 Million at a short ratio of 13.71. This represents a 9.37% Short interest in Shares outstanding on October 29, 2020. Shares short rose in October from the previous month at 18.08 Million. Investors should be excited about this stock as its upside potential is great, with today’s price pushing the stock +6.61% up in year-to-date price movement.

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