EU Should I Buy
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EnCore Energy Corp (EU) is not a strong buy at the moment for a beginner investor with a long-term strategy. While the company has potential due to its position as a U.S. uranium producer and growth projects, the recent financial performance, insider selling, and lack of strong technical or trading signals suggest that it is better to hold off on investing right now.
The technical indicators show a bearish trend. The MACD is below 0 and negatively contracting, the RSI is neutral at 34.886, and moving averages are converging. The stock is trading near its support level (S1: 2.631), with resistance levels at 3.322 and 3.536, indicating limited upward momentum in the short term.
Analysts have given an Outperform/Buy rating with a price target of $3.50, citing the company's growth projects and potential in the uranium market.
Hedge funds are significantly increasing their positions in the stock, indicating institutional interest.
Insiders are selling shares, with a 135.73% increase in selling activity over the last month.
Financial performance in Q3 2025 was weak, with revenue, net income, EPS, and gross margin all showing significant declines.
No recent news or event-driven catalysts to drive the stock higher.
In Q3 2025, the company reported a revenue decline of -4.13% YoY to $8.88M, a net income drop of -69.95% YoY to -$4.76M, and an EPS decline of -66.67% YoY to -0.03. Gross margin also dropped significantly to 29.78%, down -229.20% YoY, indicating deteriorating profitability.
Analysts from Northland and Texas Capital have initiated coverage with Outperform/Buy ratings and a price target of $3.50. They highlight the company's position as a U.S. uranium producer, its growth projects, and the potential for higher uranium prices due to supply underinvestment and increased nuclear power deployments.
