The stock of enCore Energy Corp (NASDAQ: EU) has decreased by -6.22 when compared to last closing price of 3.70.Despite this, the company has seen a loss of -6.47% in its stock price over the last five trading days. prnewswire.com reported 2024-11-04 that NASDAQ:EU TSXV:EU www.encoreuranium.com DALLAS, Nov. 4, 2024 /PRNewswire/ – enCore Energy Corp. (NASDAQ: EU) (TSXV: EU) (the “Company” or “enCore”), a uranium producer and America’s Clean Energy Company™, today provides the Company’s contracting strategy (“Contracting Strategy”) and 5 year forward outlook regarding its uranium sales agreements. As of October 31, 2024, the Company has executed seven (7) contracts to supply uranium to nuclear power plants in the United States and holds one (1) legacy contract with a uranium trading company.
Is It Worth Investing in enCore Energy Corp (NASDAQ: EU) Right Now?
Additionally, the 36-month beta value for EU is 1.37. There are mixed opinions on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 rating it as “hold,” and 0 rating it as “sell.”
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The public float for EU is 181.36M and currently, short sellers hold a 2.52% ratio of that float. The average trading volume of EU on November 14, 2024 was 1.22M shares.
EU’s Market Performance
EU’s stock has seen a -6.47% decrease for the week, with a -12.37% drop in the past month and a 3.58% gain in the past quarter. The volatility ratio for the week is 6.05%, and the volatility levels for the past 30 days are at 5.51% for enCore Energy Corp The simple moving average for the last 20 days is -11.41% for EU’s stock, with a simple moving average of -15.12% for the last 200 days.
Analysts’ Opinion of EU
Many brokerage firms have already submitted their reports for EU stocks, with H.C. Wainwright repeating the rating for EU by listing it as a “Buy.” The predicted price for EU in the upcoming period, according to H.C. Wainwright is $7.50 based on the research report published on May 06, 2024 of the current year 2024.
B. Riley Securities gave a rating of “Buy” to EU, setting the target price at $6 in the report published on February 02nd of the current year.
EU Trading at -11.03% from the 50-Day Moving Average
After a stumble in the market that brought EU to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -31.29% of loss for the given period.
Volatility was left at 5.51%, however, over the last 30 days, the volatility rate increased by 6.05%, as shares sank -17.58% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +6.28% upper at present.
During the last 5 trading sessions, EU fell by -6.47%, which changed the moving average for the period of 200-days by -26.33% in comparison to the 20-day moving average, which settled at $3.92. In addition, enCore Energy Corp saw -11.70% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for EU
Current profitability levels for the company are sitting at:
- -1.01 for the present operating margin
- -0.05 for the gross margin
The net margin for enCore Energy Corp stands at -0.58. The total capital return value is set at -0.09. Equity return is now at value -7.26, with -5.77 for asset returns.
Based on enCore Energy Corp (EU), the company’s capital structure generated 0.06 points at debt to capital in total, while cash flow to debt ratio is standing at -2.24. The debt to equity ratio resting at 0.06. The interest coverage ratio of the stock is -13.93.
Currently, EBITDA for the company is -18.7 million with net debt to EBITDA at 1.08. When we switch over and look at the enterprise to sales, we see a ratio of 16.98. The receivables turnover for the company is 4.85for trailing twelve months and the total asset turnover is 0.08. The liquidity ratio also appears to be rather interesting for investors as it stands at 4.69.
Conclusion
In conclusion, enCore Energy Corp (EU) has seen bad performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
