UEC Price Prediction Next Week
Stock Price Prediction for Uranium Energy Corp (UEC)
News and Sentiment Analysis:
- Insider Buying Activity: Recent insider purchases by two directors indicate confidence in the company's prospects, suggesting internal optimism about future performance.
- Earnings Projections: The upcoming earnings report is expected to show a 100% decrease in EPS to $0, while revenue is projected to rise significantly. This mixed outlook could lead to volatility in the stock price.
- U.S.-Ukraine Mineral Rights Deal: The potential access to critical minerals, including uranium, could provide long-term benefits for UEC, though the immediate impact is uncertain.
Technical Indicators Analysis:
- RSI (14): Currently at 30.84, indicating oversold conditions, which may signal a potential rebound.
- MACD: The MACD line is below the signal line (-0.52), suggesting bearish momentum.
- Fibonacci Levels: Key resistance levels at $5.80 (R1) and $6.10 (R2), with support at $4.56 (S2).
Price Forecast:
Based on the combination of oversold RSI and potential rebound, UEC could experience a short-term price increase. However, the overall bearish trend and mixed earnings expectations suggest limited upside.
Predicted Price for Next Trading Week: $5.30
Recommendation: Sell or avoid buying next week as the stock may struggle to maintain upward momentum despite potential short-term rebounds.
UEC Similar Chart Price Prediction
The price of UEC is predicted to go up -0.22%, based on the high correlation periods with AEIS. The similarity of these two price pattern on the periods is 98.34%.
UEC
AEIS
Down: -0.22%Similarity: 98.34%
UEC Revenue Forecast
UEC EPS Forecast
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UEC Analyst's Forecast
Joe Reagor
Roth MKM
Strong Buy
2024-10-23
Price Target
$9.75 → $10
Upside
+31.58%
Roth MKM raised the firm's price target on Uranium Energy to $10.25 from $9.75 and keeps a Buy rating on the shares. The firm is adjusting its model to reflect actual uranium price performance during Q3, though it has also lowered its calendar Q4 forecast from $100 per pound to $85 per pound. For calendar 2025 however, Roth has increased its uranium price forecast from $95 to $97.50 per pound and for calendar 2026, it has increased its uranium price forecast from $80 to $100 per pound, the analyst tells investors in a research note.
Joe Reagor
Roth MKM
Strong Buy
2024-09-25
Price Target
$9 → $9.5
Upside
+47.98%
