Uranium Energy (NYSEAMERICAN:UEC) Shares Gap Down – What’s Next?

Uranium Energy Corp. (NYSEAMERICAN:UEC) gapped down before the market opened on Monday . The stock had previously closed at $7.29, but opened at $7.10. Uranium Energy shares last traded at $6.97, with a volume of 1,193,079 shares traded.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the stock. HC Wainwright reaffirmed a “buy” rating and issued a $10.25 target price on shares of Uranium Energy in a report on Tuesday, September 24th. Roth Mkm reaffirmed a “buy” rating and issued a $10.25 price objective (up from $9.75) on shares of Uranium Energy in a research note on Wednesday, October 23rd.

Uranium Energy Trading Down 2.3 %

The firm has a market cap of $2.93 billion, a price-to-earnings ratio of -118.56 and a beta of 1.82. The company has a fifty day simple moving average of $6.36.

Uranium Energy (NYSEAMERICAN:UEC) last announced its quarterly earnings data on Thursday, September 26th. The basic materials company reported ($0.03) earnings per share for the quarter. Equities analysts predict that Uranium Energy Corp. will post 0.09 EPS for the current year.

Insiders Place Their Bets

In other Uranium Energy news, CEO Amir Adnani purchased 60,000 shares of the business’s stock in a transaction that occurred on Friday, September 6th. The shares were purchased at an average price of $4.10 per share, for a total transaction of $246,000.00. Following the completion of the acquisition, the chief executive officer now owns 4,242,326 shares of the company’s stock, valued at approximately $17,393,536.60. This represents a 0.00 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related 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 price 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 of the company’s stock, valued at approximately $4,129,969.58. This represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Amir Adnani bought 60,000 shares of the company’s stock in a transaction that occurred on Friday, September 6th. The shares were bought at an average price of $4.10 per share, for a total transaction of $246,000.00. Following the completion of the acquisition, the chief executive officer now owns 4,242,326 shares in the company, valued at approximately $17,393,536.60. This trade represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. 2.40% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Uranium Energy

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Vontobel Holding Ltd. boosted its stake in shares of Uranium Energy by 3.9% during the 3rd quarter. Vontobel Holding Ltd. now owns 38,548 shares of the basic materials company’s stock valued at $239,000 after buying an additional 1,461 shares during the last quarter. American International Group Inc. grew its holdings in Uranium Energy by 1.0% during the 1st quarter. American International Group Inc. now owns 189,900 shares of the basic materials company’s stock worth $1,282,000 after acquiring an additional 1,844 shares in the last quarter. Choreo LLC grew its holdings in Uranium Energy by 11.0% during the 2nd quarter. Choreo LLC now owns 24,505 shares of the basic materials company’s stock worth $141,000 after acquiring an additional 2,420 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its position in shares of Uranium Energy by 7.2% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 38,436 shares of the basic materials company’s stock worth $231,000 after purchasing an additional 2,585 shares during the last quarter. Finally, Confluence Investment Management LLC raised its stake in shares of Uranium Energy by 4.1% in the 3rd quarter. Confluence Investment Management LLC now owns 82,252 shares of the basic materials company’s stock valued at $511,000 after purchasing an additional 3,207 shares in the last quarter. 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.