Uranium Energy (UEC) Stock Sinks As Market Gains: What You Should Know

Uranium Energy (UEC) closed at $2.64 in the latest trading session, marking a -1.49% move from the prior day. This change lagged the S&P 500’s 0.05% gain on the day. Meanwhile, the Dow lost 0.17%, and the Nasdaq, a tech-heavy index, added 6.02%.

Prior to today’s trading, shares of the uranium mining and exploration company had lost 0.37% over the past month. This has was narrower than the Basic Materials sector’s loss of 0.73% and lagged the S&P 500’s gain of 1.18% in that time.

Uranium Energy will be looking to display strength as it nears its next earnings release. The company is expected to report EPS of -$0.02, down 166.67% from the prior-year quarter.

Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of -$0.02 per share and revenue of $113.95 million. These totals would mark changes of -200% and +391.99%, respectively, from last year.It is […]

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