Uranium Energy (NYSEAMERICAN:UEC) Sees Large Volume Increase – What’s Next?

Uranium Energy Corp. (NYSEAMERICAN:UEC) shares saw strong trading volume on Wednesday . 4,592,990 shares traded hands during 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.

Analysts Set New Price Targets

A number of brokerages have weighed in on UEC. Roth Mkm increased their price target on Uranium Energy from $9.00 to $9.50 and gave the stock a “buy” rating in a report on Wednesday, September 25th. HC Wainwright reiterated a “buy” rating and issued a $10.25 price objective on shares of Uranium Energy in a research note on Tuesday, September 24th.

Uranium Energy Price Performance

The business has a 50 day moving average of $6.36. The stock has a market capitalization of $3.44 billion, a price-to-earnings ratio of -139.14 and a beta of 1.84.

Uranium Energy (NYSEAMERICAN:UEC) last issued its earnings results on Thursday, September 26th. The basic materials company reported ($0.03) earnings per share for the quarter. Uranium Energy had a negative return on equity of 4.98% and a negative net margin of 8.20%. Equities research analysts forecast that Uranium Energy Corp. will post 0.09 EPS for the current fiscal year.

Insider Buying and Selling at Uranium Energy

In other Uranium Energy news, EVP Scott Melbye bought 9,500 shares of the firm’s stock in a transaction dated Friday, September 6th. The stock was bought at an average cost of $4.18 per share, with a total value of $39,710.00. Following the completion of the transaction, the executive vice president now directly owns 988,031 shares in the company, valued at approximately $4,129,969.58. The trade was a 0.00 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. In related news, CEO Amir Adnani acquired 60,000 shares of the company’s stock in a transaction on Friday, September 6th. The shares were acquired at an average cost of $4.10 per share, for a total transaction of $246,000.00. Following the purchase, the chief executive officer now owns 4,242,326 shares in the company, valued at approximately $17,393,536.60. The trade was a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Scott Melbye bought 9,500 shares of Uranium Energy stock in a transaction dated Friday, September 6th. The stock was purchased at an average price of $4.18 per share, with a total value of $39,710.00. Following the purchase, the executive vice president now owns 988,031 shares in the company, valued at approximately $4,129,969.58. This represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 2.40% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Strategic Investment Solutions Inc. IL bought a new stake in shares of Uranium Energy during the 2nd quarter worth $26,000. EntryPoint Capital LLC boosted its stake in Uranium Energy by 897.7% in the first quarter. EntryPoint Capital LLC now owns 4,340 shares of the basic materials company’s stock valued at $29,000 after acquiring an additional 3,905 shares during the last quarter. EP Wealth Advisors LLC bought a new position in shares of Uranium Energy during the 4th quarter valued at approximately $64,000. Kingswood Wealth Advisors LLC purchased a new stake in shares of Uranium Energy during the 1st quarter worth approximately $68,000. Finally, Blackhawk Capital Partners LLC. bought a new stake in shares of Uranium Energy in the 2nd quarter worth approximately $69,000. Hedge funds and other institutional investors own 62.28% of the company’s stock.

Uranium Energy Company Profile

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.