Stock Rating Downgrade
Reflecting eroding fundamentals and low Appreciation Potential, the Value Trend Rating for Uranium Energy Corp (NYSEAMERICAN: UEC) weakened during the last several trading days. UEC’s current Value Trend Rating is D and the prior Rating was C. Details supporting this lower rating are included in our next report.
Recent Price Action
Uranium Energy Corp (NYSEAMERICAN: UEC) stock declined by -3.0% on 7/29/24. The shares closed at $5.56. However, trading volume in this decline was below average at 72% of normal. The stock has been weak relative to the market over the last nine months and has declined -5.1% during the last week.
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 consistent signals. Uranium Energy has a neutral Appreciation Score of 44 and a slightly negative Power Rating of 35, and the Negative Value Trend Rating results.
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