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

Uranium Energy Corp. (NYSEAMERICAN:UEC)’s stock price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $0.00 and traded as high as $7.22. Uranium Energy shares last traded at $6.89, with a volume of 4,368,997 shares traded.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. HC Wainwright upped their price objective on Uranium Energy from $8.25 to $9.75 and gave the company a “buy” rating in a research note on Thursday, January 18th. Eight Capital upped their price objective on Uranium Energy from $7.00 to $13.00 and gave the company a “buy” rating in a research note on Monday, January 15th. One research analyst has rated the stock with a sell rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Uranium Energy has an average rating of “Moderate Buy” and an average price target of $8.80.

Uranium Energy Stock Down 0.6 %

The firm has a market capitalization of $2.74 billion, a P/E ratio of -679.00 and a beta of 1.83. The company’s 50-day moving average price is $6.25.

Uranium Energy (NYSEAMERICAN:UEC) last posted its earnings results on Monday, March 11th. The basic materials company reported $0.01 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.01. The company had revenue of $0.12 million during the quarter, compared to analysts’ expectations of $16.00 million. Uranium Energy had a negative net margin of 8.20% and a negative return on equity of 1.11%. On average, sell-side analysts forecast that Uranium Energy Corp. will post 0.08 earnings per share for the current fiscal year.

Insiders Place Their Bets

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

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in UEC. Cambridge Investment Research Advisors Inc. increased its holdings in shares of Uranium Energy by 0.9% in the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 158,482 shares of the basic materials company’s stock worth $1,014,000 after buying an additional 1,380 shares during the last quarter. Voya Investment Management LLC increased its stake in shares of Uranium Energy by 1.1% in the 4th quarter. Voya Investment Management LLC now owns 149,053 shares of the basic materials company’s stock worth $954,000 after acquiring an additional 1,631 shares in the last quarter. CWM LLC increased its stake in shares of Uranium Energy by 22.2% in the 4th quarter. CWM LLC now owns 9,784 shares of the basic materials company’s stock worth $63,000 after acquiring an additional 1,776 shares in the last quarter. Arizona State Retirement System increased its stake in Uranium Energy by 1.9% during the 3rd quarter. Arizona State Retirement System now owns 102,120 shares of the basic materials company’s stock valued at $526,000 after purchasing an additional 1,952 shares in the last quarter. Finally, LPL Financial LLC boosted its holdings in shares of Uranium Energy by 5.1% during the 3rd quarter. LPL Financial LLC now owns 48,518 shares of the basic materials company’s stock valued at $250,000 after acquiring an additional 2,359 shares during the last quarter. 62.28% of the stock is currently owned by institutional investors and hedge funds.

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.