Uranium Energy (NYSEAMERICAN:UEC) Shares Pass Above Two Hundred Day Moving Average of $0.00

Uranium Energy Corp. (NYSEAMERICAN:UEC) shares passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $0.00 and traded as high as $6.91. Uranium Energy shares last traded at $6.77, with a volume of 6,240,678 shares trading hands.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. HC Wainwright boosted their price objective on shares of Uranium Energy from $8.25 to $9.75 and gave the stock a “buy” rating in a report on Thursday, January 18th. TD Securities boosted their target price on shares of Uranium Energy from $7.00 to $8.50 and gave the company a “speculative buy” rating in a research note on Tuesday, December 12th. Finally, Eight Capital boosted their target price on shares of Uranium Energy from $7.00 to $13.00 and gave the company a “buy” rating in a research note on Monday, January 15th. One investment analyst has rated the stock with a sell rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $8.80.

Uranium Energy Stock Performance

The firm has a 50 day simple moving average of $6.05. The firm has a market cap of $2.73 billion, a P/E ratio of -676.50 and a beta of 1.84.

Uranium Energy (NYSEAMERICAN:UEC) last announced its quarterly earnings results on Monday, March 11th. The basic materials company reported $0.01 EPS for the quarter, hitting the consensus estimate of $0.01. The company had revenue of $0.12 million for the quarter, compared to analyst estimates of $16.00 million. Uranium Energy had a negative net margin of 8.20% and a negative return on equity of 1.11%. Analysts predict that Uranium Energy Corp. will post 0.08 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, Director Volpe Vincent Della sold 84,000 shares of Uranium Energy stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $8.17, for a total transaction of $686,280.00. Following the sale, the director now directly owns 186,095 shares in the company, valued at approximately $1,520,396.15. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, Director David Kong sold 26,000 shares of Uranium Energy stock in a transaction dated Tuesday, March 12th. The shares were sold at an average price of $6.81, for a total transaction of $177,060.00. Following the completion of the transaction, the director now directly owns 154,085 shares of the company’s stock, valued at approximately $1,049,318.85. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Volpe Vincent Della sold 84,000 shares of Uranium Energy stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $8.17, for a total transaction of $686,280.00. Following the transaction, the director now directly owns 186,095 shares of the company’s stock, valued at $1,520,396.15. The disclosure for this sale can be found here. Company insiders own 2.90% of the company’s stock.

Hedge Funds Weigh In On Uranium Energy

A number of institutional investors have recently modified their holdings of the stock. Householder Group Estate & Retirement Specialist LLC acquired a new position in Uranium Energy during the third quarter valued at approximately $26,000. Millburn Ridgefield Corp acquired a new position in Uranium Energy during the third quarter valued at approximately $27,000. Catalyst Capital Advisors LLC acquired a new position in Uranium Energy during the third quarter valued at approximately $27,000. Farmers & Merchants Trust Co of Chambersburg PA acquired a new position in Uranium Energy during the fourth quarter valued at approximately $27,000. Finally, Apexium Financial LP acquired a new position in shares of Uranium Energy in the first quarter valued at approximately $29,000. 62.28% of the stock is owned by institutional investors.

About Uranium Energy

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.