The surprise reading followed Wednesday’s data showing US services activity at a six-month high in August, seen as a sign of resilience among consumers and in the broader economy amid higher borrowing costs. The most oversold stocks in the energy sector presents an opportunity to buy into undervalued companies. Throughout the previous decade or so, uranium has been firmly gripped by the bear market. From a spot peak of $136 per pound in June of 2007, the price fell to the $20 – $30 range for much of the post… Interest in nuclear power is climbing and prices for uranium have reached their highest level in more than a year, providing an opportunity for investors looking to capitalize on bets that global worr… Style is an investment factor that has a meaningful impact on investment risk and returns.

After each calculation the program assigns a Buy, Sell, or Hold value with the study, depending on where the price lies in reference to the common interpretation of the study. For example, a price above its moving average is generally considered an upward trend or a buy. Dividend yield allows investors, particularly those interested in dividend-paying stocks,
to compare the relationship between a stock’s price and how it rewards stockholders through dividends. The formula for calculating dividend yield is to divide the annual dividend paid per share by the stock price. FactSet calculates the Market Cap for the basic symbol to include common shares only.

Price and EPS Surprise Chart

4 Wall Street analysts have issued “buy,” “hold,” and “sell” ratings for Uranium Energy in the last year. The consensus among Wall Street analysts is that investors should “buy” UEC shares. 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. The company was formerly known as Carlin Gold Inc. and changed its name to Uranium Energy Corp. in January 2005. Uranium Energy Corp. was incorporated in 2003 and is based in Corpus Christi, Texas. Uranium Energy has doubled (or more) its daily average of shares traded over the last 3 months.

That means you want to buy stocks with a Zacks Rank #1 or #2, Strong Buy or Buy, which also has a Score of an A or a B in your personal trading style. The scores are based on the trading styles of Value, Growth, and Momentum. There’s also a VGM Score (‘V’ for Value, ‘G’ for Growth and ‘M’ for Momentum), which combines the weighted average of the individual style scores into one score. The Style Scores are a complementary set of indicators to use alongside the Zacks Rank. It allows the user to better focus on the stocks that are the best fit for his or her personal trading style.

Uranium Energy (UEC) Gains As Market Dips: What You Should Know

Data are provided ‘as is’ for informational purposes only and are not intended for trading purposes. Data may be intentionally delayed pursuant to supplier requirements. © 2023 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions.

• © 2023 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions.
• These returns cover a period from January 1, 1988 through July 31, 2023.
• The monthly returns are then compounded to arrive at the annual return.

Style is calculated by combining value and growth scores, which are first individually calculated. The most overbought stocks in the energy sector presents an opportunity to go short on these overvalued companies. Zacks Earnings ESP (Expected Surprise Prediction) looks to find companies that have recently seen https://1investing.in/ positive earnings estimate revision activity. The idea is that more recent information is, generally speaking, more accurate and can be a better predictor of the future, which can give investors an advantage in earnings season. As an investor, you want to buy stocks with the highest probability of success.

The uranium trade is about to go nuclear

High volumes usually indicate new trends and larger share price movements. The Barchart Technical Opinion widget shows you today’s overally Barchart Opinion with general information on how to interpret the short and longer term signals. Unique to Barchart.com, Opinions analyzes a stock or commodity using 13 popular analytics in short-, medium- and long-term periods. Results are interpreted as buy, sell or hold signals, each with numeric ratings and summarized with an overall percentage buy or sell rating.

You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities. Transparency is how we protect the integrity of our work and keep empowering investors to achieve their goals and dreams. And we have unwavering standards for how we keep that integrity intact, from our research and data to our policies on content and your personal data.

Stock Price Target UEC

Only Zacks Rank stocks included in Zacks hypothetical portfolios at the beginning of each month are included in the return calculations. Zacks Ranks stocks can, and often do, change throughout the month. Certain Zacks Rank stocks for which no month-end price was available, pricing information was not collected, or for certain other reasons have been excluded from these return calculations.

Uranium Energy’s stock was trading at $3.91 at the start of the year. Since then, UEC shares have increased by 32.7% and is now trading at $5.19. These 10 simple stocks can help beginning investors build long-term wealth without knowing options, technicals, or other advanced strategies. Unemployment claims fell to their lowest levels since February last week, another sign the Federal Reserve will likely keep interest rates higher for longer.

These returns cover a period from January 1, 1988 through July 31, 2023. Zacks Rank stock-rating system returns are computed monthly based on the beginning of the month and end of the month Zacks Rank stock prices plus any dividends received during that particular month. A simple, equally-weighted average return of all Zacks Rank stocks is calculated to determine the monthly return. The monthly returns are then compounded to arrive at the annual return.

Uranium Energy Corp Advances Development of Burke Hollow and Palangana ISR Projects in South Texas

The industry with the best average Zacks Rank would be considered the top industry (1 out of 265), which would place it in the top 1% of Zacks Ranked Industries. The industry with the worst average Zacks Rank (265 out of 265) would place in the bottom 1%. An industry with a larger percentage of Zacks Rank #1’s and #2’s will have a better average Zacks Rank than one with a larger percentage of Zacks Rank #4’s and #5’s. Plus, UEC info will be updated daily in your Zacks.com Portfolio Tracker – also free.

UEC’s beta can be found in Trading Information at the top of this page. A stock’s beta measures how closely tied its price movements have been to the performance of the overall market. One share of UEC stock can currently be purchased for approximately $5.19. The company is scheduled to release its next quarterly earnings announcement on Thursday, September 28th 2023. MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation. The technique has proven to be very useful for finding positive surprises.

In fact, when combining a Zacks Rank #3 or better and a positive Earnings ESP, stocks produced a positive surprise 70% of the time, while they also saw 28.3% annual returns on average, according to our 10 year backtest. The Zacks Industry Rank assigns a rating to each of the 265 X (Expanded) Industries based on their average Zacks Rank. The Barchart difference between oem and odm Technical Opinion rating is a 88% Buy with a Strongest short term outlook on maintaining the current direction. Total Roughrider Project resources are 27.8 million lbs. U3O8 in 389,000 tonnes grading 3.25% U3O8 in the Indicated category and 36.0 million lbs. We’d like to share more about how we work and what drives our day-to-day business.

Year-to-date mutual fund returns are calculated on a monthly basis by Value Line and posted mid-month. According to 2 analysts, the average rating for UEC stock is “Strong Buy.” The 12-month stock price forecast is $7.0, which is an increase of 31.33% from the latest price. High-growth stocks tend to represent the technology, healthcare, and communications sectors. They rarely distribute dividends to shareholders, opting for reinvestment in their businesses. More value-oriented stocks tend to represent financial services, utilities, and energy stocks.