An Interesting Development On Uranium Energy Corp. (UEC)’s Chart

The stock of Uranium Energy Corp. (NYSE:UEC) has been Initiated to Buy by ROTH Capital in its latest research note that was published on October 25. UEC was given a price target of $3, with other Wall Street analysts also giving their reports regarding the stock. H.C. Wainwright, analysts launched coverage of UEC stock with a Buy rating, according to their flash note to investors on June 09. Analysts at RBC Capital Mkts are sticking to their Underperform recommendation. However, on March 14, they lifted target price for these shares to $1.25 from $1.75.Analysts at RBC Capital Mkts, made their first call for the stock with a Underperform rating, according to a research note that dated back to March 14.

Uranium’s stock is covered by 4 analysts, with 1 of them rating the stock as Buy. It has been deemed to have strong buy by 3 of the analysts, none of them have rated it as a Hold while none of them rated it as sell. The situation was different a month ago when the stock was rated as a Buy by only 1 analysts. 3 of them rated it as strong buy with none of them recommended investors to Hold on to the stock. Meanwhile, none analyst(s) rated it as a sell. The above data shows that UEC has an average analyst rating of 1.75.

Uranium Energy Corp., which has current market capitalization of above $171 Million, published its last quarter earnings on April 30, 2019.

UEC surged by $0.04 during the normal trading session on Tuesday and reaching a high of $0.94 during the day while it closed the day at $0.94. The Uranium stock had a low trading volume of 0.56 million shares on that day, which is low compared to the average daily volume of 1.65M shares. UEC has also gained 2.86% of its value over the past 7 days. However, the stock has declined by 32.65% in the 3 months of the year. Over the past six months meanwhile, it has lost 30.66% while it has lost 25.11% year-on date. Let us now take a look at the stock’s potential support and resistance levels. The publicly traded company was seen to have slipped by -36.75% from its 3 months high price. However, taking another look at UEC will indicate that it is trading +8.85% away from its 90-day low. Looking at the bigger picture, the Uranium Energy Corp. stock has dropped by -47.99% from its 52-week high while it has surged by +8.85% from its 52-week low price.

On March 07, 2019 MELBYE SCOTT, EXECUTIVE VICE PRESIDENT bought 11500 shares of the company. The average price for that transaction was $1.22 per share, which meant that MELBYE SCOTT spent $14030 purchasing the stocks. The purchase was made public, with the document of the transaction filed with the SEC. Another insider trading occurred, with CEO & PRESIDENT, Adnani Amir purchasing 10500 shares of this stock on February 07, 2019. The average purchasing price for the stock was $1.34 per share, with the purchased stock accruing $14070. Following this transaction, the CEO & PRESIDENT Adnani Amir now holds 244099 shares of the company, which is worth around $219689.1.

Looking at the stock’s Technical analysis information over the past 50 days shows that its Raw Stochastic average stood at 12.27%. This figure is worse than the company’s 20-day Raw Stochastic average which currently stands at 27.18%. Over the past 20 days, Uranium’s Stochastic %K stood at 20% while its Stochastic %D was revealed to be 15.03%.