Uranium Energy (NYSEAMERICAN:UEC) Shares Gap Down – Should You Sell?

Uranium Energy Corp. (NYSEAMERICAN:UEC) shares gapped down prior to trading on Monday . The stock had previously closed at $7.29, but opened at $7.10. Uranium Energy shares last traded at $6.97, with a volume of 1,193,079 shares.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on UEC shares. HC Wainwright restated a “buy” rating and set a $10.25 price objective on shares of Uranium Energy in a research note on Tuesday, September 24th. Roth Mkm restated a “buy” rating and issued a $10.25 price target (up from $9.75) on shares of Uranium Energy in a research report on Wednesday, October 23rd.

Uranium Energy Stock Performance

The company has a market capitalization of $2.93 billion, a price-to-earnings ratio of -118.56 and a beta of 1.82. The company has a fifty day moving average of $6.36.

Uranium Energy (NYSEAMERICAN:UEC) last issued its earnings results on Thursday, September 26th. The basic materials company reported ($0.03) earnings per share for the quarter. Research analysts expect that Uranium Energy Corp. will post 0.09 earnings per share for the current year.

Insider Activity at Uranium Energy

In other Uranium Energy news, EVP Scott Melbye acquired 9,500 shares of the firm’s stock in a transaction that occurred on Friday, September 6th. The stock was acquired at an average cost of $4.18 per share, with a total value of $39,710.00. Following the acquisition, the executive vice president now directly owns 988,031 shares of the company’s stock, valued at $4,129,969.58. This represents a 0.00 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CEO Amir Adnani bought 60,000 shares of the stock in a transaction on Friday, September 6th. The shares were purchased at an average price of $4.10 per share, with a total value of $246,000.00. Following the purchase, the chief executive officer now owns 4,242,326 shares in the company, valued at approximately $17,393,536.60. This represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Scott Melbye purchased 9,500 shares of the company’s stock in a transaction on Friday, September 6th. The shares were bought at an average price of $4.18 per share, for a total transaction of $39,710.00. Following the completion of the transaction, the executive vice president now directly owns 988,031 shares in the company, valued at $4,129,969.58. This represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. 2.40% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in UEC. Strategic Investment Solutions Inc. IL acquired a new position in Uranium Energy during the second quarter worth about $26,000. EntryPoint Capital LLC grew its stake in shares of Uranium Energy by 897.7% in the 1st quarter. EntryPoint Capital LLC now owns 4,340 shares of the basic materials company’s stock worth $29,000 after purchasing an additional 3,905 shares during the last quarter. Farther Finance Advisors LLC grew its stake in shares of Uranium Energy by 5,130.4% in the 3rd quarter. Farther Finance Advisors LLC now owns 4,812 shares of the basic materials company’s stock worth $30,000 after purchasing an additional 4,720 shares during the last quarter. Quintet Private Bank Europe S.A. bought a new stake in shares of Uranium Energy in the 3rd quarter worth approximately $33,000. Finally, Blackhawk Capital Partners LLC. acquired a new stake in Uranium Energy during the second quarter valued at approximately $69,000. 62.28% of the stock is currently owned by institutional investors.

About Uranium Energy

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. It owns interests in the Palangana mine, Goliad, Burke Hollow, Longhorn, and Salvo projects located in Texas; Anderson, Workman Creek, and Los Cuatros projects situated in Arizona; Dalton Pass and C de Baca project located in New Mexico; Roughrider, Shea Creek, Christie Lake, Horseshoe-Raven, Hidden Bay, Diabase, West Bear, JCU, and other project located in Canada; and Yuty, Oviedo, and Alto Paraná titanium projects in Paraguay.