UEC Stock Summary and Trading Ideas (Uranium Energy Corp. | AMEX:UEC)

Uranium Energy Corp is engaged in uranium mining and related activities. The company is working towards fueling the global demand for carbon-free nuclear energy, a key solution to climate change, and energy source for the low-carbon future. UEC is a pure-play uranium company and is advancing its next generation of low-cost, environmentally friendly, in-situ recovery (ISR) mining uranium projects. It has two extraction-ready ISR hub and spoke platforms in South Texas and Wyoming. UEC also has seven U.S. ISR uranium projects with all of their major permits in place, with additional diversified holdings of uranium assets across the U.S., Canada and Paraguay.

Uranium Energy Corp. trades on the AMEX stock market under the symbol UEC.

As of April 24, 2024, UEC stock price declined to $6.62 with 2,901,408 million shares trading.

UEC has a beta of 0.52, meaning it tends to be less sensitive to market movements. UEC has a correlation of 0.02 to the broad based SPY ETF.

UEC has a market cap of $2.68 billion. This is considered a Mid Cap stock.

In the last 3 years, UEC stock traded as high as $8.34 and as low as $1.89.

The top ETF exchange traded funds that UEC belongs to (by Net Assets): URA, XME, VTI, URNM, IWM.

UEC has outperformed the market in the last year with a return of +153.6%, while the SPY ETF gained +24.2%. However, in the most recent history, UEC shares have underperformed the stock market with its stock returning -16.4% in the last 3 month period and -3.9% for the last 2 week period, while SPY has returned +4.6% and -2.7%, respectively.

UEC support price is $6.53 and resistance is $6.96 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that UEC stock will trade within this expected range on the day.