Uranium Energy Corp. (UEC) up 25.32 per cent in the past week, is under coverage of 3 analysts who collectively recommend a buy rating on stock. 3 of the analysts have a buy or better rating; the 0 sells versus 0 underperforms. The 3 equity analysts who rate the stock have an average target price at $2.88, with individual targets ranging between $1.8 and $4.2. The shares closed last trade at $0.99, implying that analysts see shares rising about 190.91 per cent in 12 months’ time.
Insider Activity: Insiders look optimistic about the prospects of the company that they seem to accumulate shares while they are -6.6 down so far this year. A Executive Vice President at Uranium Energy Corp. (UEC) purchased shares in the company in a transaction completed on Friday March 11, 2016. Melbye Scott accumulated 10,000 shares in the company at an average price of $0.78 and ended up spending $7,800 in the investment. Melbye Scott now have 74,911 shares in the company after this transaction. A Senior Officer in the company, Melbye, Scott Eric, on Friday March 11, 2016 spent $3,900 from the purchase of 5,000 shares at $0.78 each. Insiders are expected to know better about the health and prospects of their company, which is why insiders’ move deserves attention.
Earnings Roundup: In the last fiscal quarter alone, Uranium Energy Corp. generated around $-60000 in revenue. That compares with the consensus estimate $-50000.
Analyst Coverage: Dahlman Rose has been a brokerage house following shares of Uranium Energy Corp. (UEC), so its rating change is noteworthy. The stock was initiated at Buy, wrote analysts at Dahlman Rose, in a note issued to clients on Tuesday June 05, 2012. There was another key note issued by MLV & Co on Friday February 24, 2012. The firm launched coverage on UEC at Buy.
Price Momentum: Despite the -8.33% decrease in value, the stock’s new closing price represents a -66.21% fall in value from company’s one year high of $2.9. The stock is currently holding below its 50 day moving average of $26.34 and above its 200 day moving average of $0.81. Over the last three months and over the last six months, the shares of Uranium Energy Corp. (UEC), have changed 4.3% and 0.87%, respectively.