Recent extremely meaningful negative changes in investment behavior have impacted Uranium Energy Corp (NYSEAMERICAN: UEC): its longer term price trend turned down, the stock fell on very heavy volume, and negative upside/downside volume developed.
Uranium Energy Corp (NYSEAMERICAN: UEC) has recently experienced marginal negative changes in fundamentals: significant quarterly earnings deceleration occurred.
In light of these highly negative signals we are reviewing our current Overall Rating of D. We would continue to view the shares with caution pending completion of this review in the next several days.
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 D (Negative). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing inconsistent signals. Uranium Energy has a neutral Appreciation Score of 53 but a poor Power Rating of 20, with the Negative Value Trend Rating the result.
Recent Price Action
Uranium Energy Corp (NYSEAMERICAN: UEC) stock declined by -4.7% on 8/5/24. The shares closed at $4.45. Moreover, this decline was accompanied by exceptionally high trading volume at 236% of normal. The stock has been weak relative to the market over the last nine months and has declined -22.3% during the last week.
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