Uranium Energy (UEC) ZACKS·2024-09-25 23:20Stock Performance - Uranium Energy (UEC) closed at 27 million, indicating a 30 68% decrease compared to the same quarter of the previous year [2] Analyst Estimates and Zacks Rank - Recent changes to analyst estimates for Uranium Energy reflect the latest short-term business trends, with upbeat changes indicating a favorable outlook on the company's business health and profitability [3] - Empirical research shows that revisions in estimates have a direct correlation with impending stock price performance [4] - Uranium Energy currently boasts a Zacks Rank of 5 (Strong Sell), with the Zacks Rank system ranging from 1 (Strong Buy) to 5 (Strong Sell) [5] Valuation and Industry Rank - Uranium Energy is currently being traded at a Forward P/E ratio of 71 67, signifying a premium compared to the industry average Forward P/E of 16 32 [6] - The Mining - Miscellaneous industry, part of the Basic Materials sector, has a Zacks Industry Rank of 163, placing it in the bottom 36% of all 250+ industries [6] - The Zacks Industry Rank measures the strength of individual industry groups, with the top 50% rated industries outperforming the bottom half by a factor of 2 to 1 [7]