Stock Rating Downgrade
In the last week the Value Trend Rating for Uranium Energy Corp (NYSEAMERICAN: UEC) weakened from B to C reflecting eroding fundamentals and low Appreciation Potential.
Recent Price Action
Uranium Energy Corp (NYSEAMERICAN: UEC) stock closed at $7.53 on 5/20/24 after an increase of 1.5%. Moreover, above average trading volume at 141% of normal accompanied the advance. The stock has risen 6.4% during the last week and has been exceptionally strong relative to the market over the last nine months.
Current PriceTarget Research Rating
With future capital returns forecasted to be in line with the cost of capital, UEC is expected to be Value Creation neutral.
Uranium Energy has a current Value Trend Rating of C (High Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. Uranium Energy has a poor Appreciation Score of 30 but a very high Power Rating of 92, with the High Neutral Value Trend Rating the result.
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