Recent trading patterns in the stock of Uranium Energy Corp. (NYSE:UEC) have investors on high alert. Analysts often look at historical trading patterns to predict a stock’s future performance. In the case of UEC, the data might be telling investors a thing or two about where the stock is headed. In the most recent quarter, institutional ownership increased by a net of 7.82 million shares, or 18.49%.This is a bullish sign and indicates that institutions are feeling more optimistic about the outlook for UEC overall.47 holders increased their positions, 33 decreased their positions, and 12 holders held their positions.
Among institutions that increased their positions, 24 were new positions. Among holders that decreased their positions, 14 sold out of the stock Uranium Energy Corp.. Insider ownership during the latest quarter increased by a net of 317510 shares, indicating that UEC’s key executives are feeling more bullish about the stock than they did three months ago. This activity represents a continuation of a theme over the past twelve months. Insider ownership during the last year has increased by a net of 336755 shares. 97.14% of insider trades in the last 12 months were buys, and 2.86% were sells.
Over the past year, the price of Uranium Energy Corp. (UEC) has increased 28.19% while the S&P 500 has increased 19.49%. During the past 20 days, UEC has decreased -13.04% while the broad market has increased 1.94%. UEC ‘s 20-day moving average currently sits above its 100-day moving average. This is a bullish signal that suggests the stock price might continue to rise. UEC’s average trading volume during the past 20 days is higher than the average volume over the past 100 days, which could be an indication that investors are feeling more certain than usual about the direction of UEC’s future price movements.
Uranium Energy Corp. (NYSE:UEC) has a 20-day RSI of 35.44%. According to this momentum indicator, a reading between 30 and 70 suggests the stock is not especially cheap or expensive, and not on the brink of a trend reversal. The MACD tells a different story. UEC’s 9-day MACD currently sits above the 20-day MACD, indicating that UEC’s downside momentum has increased during the last three weeks. This suggests that the trend will likely continue. UEC’s average trading volatility during the past few weeks is -39.19% lower than the average volatility over the past 100 days. This means that the stock’s daily price swings have been less extreme in recent times compared to the past.
Analysts expect Uranium Energy Corp. (UEC) to generate earnings per share of $0.09 in 2017. This works out to a decrease of -43.75% compared to last year’s earnings. For comparison’s sake, analysts expect the S&P 500 to grow earnings by an average of 12% in 2017. The average investment rating for UEC on a scale of 1 to 5 (1 being a strong sell and 5 being a strong buy) is a 5.00 or a Strong Buy. Three months ago, analysts assigned UEC a 5.00 rating, which implies that analysts largely still feel the same about the outlook for the stock over the next year.