Wall Street analysts’ outlook for enCore Energy Corp (EU)

With 1.1 million shares changed hands, the volume of the stock remained lighter than its average volume of 1.19 million shares. During the session, the Uranium company that operates in wider Energy sector, reached to the highest price of $3.955 whereas the lowest price it dropped to was $3.79. The 52-week range on EU shows that it touched its highest point at $5.05 and its lowest point at $2.17 during that stretch. It currently has a 1-year price target of $6.45. Beta for the stock currently stands at 1.38.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of EU was down-trending over the past week, with a drop of -3.26%, but this was up by 0.26% over a month. Three-month performance dropped to -12.07% while six-month performance fell -11.67%. The stock gained 61.51% in the past year, while it has lost -1.78% so far this year. A look at the trailing 12-month EPS for EU yields -0.12 with Next year EPS estimates of 0.15. For the next quarter, that number is 0.01. This implies an EPS growth rate of 62.50% for this year and 355.56% for next year.

Float and Shares Shorts:

At present, 181.73 million EU shares are outstanding with a float of 177.56 million shares on hand for trading. On 2024-07-15, short shares totaled 4.78 million, which was 263.00002 higher than short shares on 1718323200. In addition to Mr. William Morris Sheriff M.Sc. as the firm’s Executive Chairman, Mr. William Paul Goranson B.Sc., M.Sc., P.E. serves as its CEO & Director.

Institutional Ownership:

Through their ownership of 0.36337003 of EU’s outstanding shares, institutional investors have minority control over the company.

An Overview of Recent Financials:

Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on 2024-03-31, EU reported revenue of $30394700.0 and operating income of -$7446762.0. The EBITDA in the recently reported quarter was -$4931313.0 and diluted EPS was -$0.03.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for EU since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential.