Uranium Energy (UEC) AI Stock Analysis

• Market Cap: $8.87B
• Dividend Yield: N/A
• Average Volume (3M): 10.69M
• Price to Earnings (P/E): ―
• Beta (1Y): 1.79
• Revenue Growth: 189.19%
• EPS Growth: -38.15%
• Country: US
• Employees: 94
• Sector: Energy
• Sector Strength: 52
• Industry: Uranium
• EPS (TTM): -0.02
• Shares Outstanding: 483,377,400
• 10 Day Avg. Volume: 12,614,427
• 30 Day Avg. Volume: 10,688,728
• PEG Ratio: -0.25
• Price to Book (P/B): 3.77
• Price to Sales (P/S): 55.48
• P/FCF Ratio: -52.86
• Enterprise Value/Market Cap: 1.05
• Enterprise Value/Revenue: 186.54
• Enterprise Value/Gross Profit: 602.83
• Enterprise Value/Ebitda: -100.55
• 1Y Price Target: $17.94
• Price Target Upside: -6.58% Downside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 4
• EPS Forecast (FY): -0.07
• Revenue Forecast (FY): $46.86M

• Rating: 61 Neutral
• Price Target: $20.50 ▲(6.77% Upside)

The score is driven by a strong balance sheet and constructive technical momentum, supported by a generally positive earnings-call outlook on expansion. Offsetting these strengths are weak current financial performance and cash burn, plus limited valuation support due to ongoing losses and no stated dividend yield.

Positive Factors

Balance Sheet Strength

A large cash and inventory position with zero debt materially raises financial flexibility, lowers solvency risk, and funds capex or strategic buys. This enables multi-year project development and inventory accumulation without reliance on volatile capital markets.

Vertical Integration (UF6 Capability)

Becoming the only U.S. supplier with both uranium and UF6 production creates a durable competitive advantage by capturing more value along the fuel chain, reducing reliance on foreign converters, and aligning UEC with domestic security-driven procurement priorities.

Low-Cost ISR Production and Inventory Build

Sustained low cash costs from ISR and progress across Christensen Ranch, Burke Hollow and other projects support margin durability and scalable production. A growing owned inventory position provides flexibility to time sales into a structurally tighter market.

Negative Factors

Weak Cash Generation

Persistent negative operating and free cash flow implies the business consumes cash to fund operations and growth, requiring ongoing external financing. Over months, this raises funding risk if capital markets tighten or if asset monetization is delayed.

Declining Revenue and Volatile Profitability

A sharp TTM revenue decline and swings from prior profitable periods to large losses reduce earnings quality and forecasting visibility. Structural operating cost pressure limits conversion of gross margin to profitability and depresses longer-term returns on equity.

Policy and Market Uncertainty (Section 232)

Unclear policy outcomes on Section 232 drive durable demand and price uncertainty for uranium. This complicates contract booking, capex timing, and long-term planning, potentially delaying investment paybacks or shifting competitive dynamics in domestic supply.

Uranium Energy Business Overview & Revenue Model

Company Description

Uranium Energy Corp., together with its subsidiaries, engages in exploration, pre-extraction, extraction, and processing uranium and titanium concentrates in the United States, Canada, and Paraguay. It owns interests in the Palangana mine, Goliad, Burke Hollow, Longhorn, and Salvo projects located in Texas; Anderson, Workman Creek, and Los Cuatros projects situated in Arizona; Slick Rock project in Colorado; Reno Creek project in Wyoming; Diabase project located in Canada; and Yuty, Oviedo, and Alto Paraná titanium projects in Paraguay. The company was formerly known as Carlin Gold Inc. and changed its name to Uranium Energy Corp. in January 2005. Uranium Energy Corp. was incorporated in 2003 and is based in Corpus Christi, Texas.

How the Company Makes Money

Uranium Energy Corp generates revenue primarily through the sale of uranium, which is used as fuel for nuclear power plants. The company employs in-situ recovery techniques to produce uranium, allowing for lower operational costs and reduced environmental impact. UEC's revenue model is bolstered by its strategic partnerships and supply agreements with utility companies and other stakeholders in the nuclear energy sector. Additionally, the company benefits from fluctuations in uranium prices, as market demand for nuclear energy can lead to increased prices for its core product. UEC also engages in exploration activities, which may lead to new uranium discoveries, further enhancing its revenue potential.

Uranium Energy Financial Statement Overview

Summary

Balance sheet strength (minimal debt, growing equity) supports resilience, but this is offset by weak operating results: declining TTM revenue, large losses, and materially negative operating/free cash flow with notable volatility.

Income Statement

TTM (Trailing-Twelve-Months) revenue declined about 26% versus the prior period, and profitability remains weak with a large operating loss and a deeply negative net margin. Gross margin is still positive (~31%), but it has not been enough to offset elevated operating costs. Results also show meaningful volatility over time (e.g., profitable in 2022, near breakeven in 2023, then materially weaker in 2024–TTM), which reduces earnings quality and visibility.

Balance Sheet

The balance sheet is a key strength: debt is effectively minimal (TTM total debt at $0; annual periods show very low leverage), and equity has grown substantially over the last several years. With very low leverage, financial flexibility is high and bankruptcy-style balance sheet risk appears limited. The main drawback is returns to shareholders are negative recently (TTM return on equity around -7.7%) due to ongoing losses.

Cash Flow

Cash generation is weak: TTM (Trailing-Twelve-Months) operating cash flow and free cash flow are both materially negative, indicating the business is consuming cash rather than funding itself internally. While free cash flow burn improved versus the prior year (positive free cash flow growth off a negative base), the company has swung from strong positive operating cash flow in 2023 to sizable outflows in 2024–TTM, highlighting high volatility and ongoing funding needs if conditions don’t improve.

Breakdown	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	66.84M	224.00K	164.39M	23.16M	0.00
Gross Profit	24.48M	37.00K	31.05M	7.29M	-4.48M
EBITDA	-84.50M	-31.25M	10.87M	8.14M	-11.54M
Net Income	-87.66M	-29.22M	-3.31M	5.25M	-14.81M
Balance Sheet
Total Assets	1.11B	889.83M	737.59M	354.25M	169.54M
Cash, Cash Equivalents and Short-Term Investments	148.93M	156.26M	45.61M	32.54M	44.31M
Total Debt	2.30M	2.60M	1.28M	1.18M	10.33M
Total Liabilities	123.75M	111.72M	105.76M	27.34M	18.09M
Stockholders Equity	983.90M	778.11M	631.83M	326.91M	151.46M
Cash Flow
Free Cash Flow	-70.15M	-109.92M	71.92M	-54.20M	-41.70M
Operating Cash Flow	-64.46M	-106.49M	72.57M	-52.99M	-41.47M
Investing Cash Flow	-157.03M	-24.64M	-124.78M	-110.84M	-3.62M
Financing Cash Flow	284.84M	173.08M	65.42M	157.27M	84.46M

Uranium Energy Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 19.20
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Negative
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For UEC, the sentiment is Positive. The current price of 19.2 is above the 20-day moving average (MA) of 15.90, above the 50-day MA of 13.77, and above the 200-day MA of 10.40, indicating a bullish trend. The MACD of 1.63 indicates Negative momentum. The RSI at 70.85 is Negative, neither overbought nor oversold. The STOCH value of 69.74 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for UEC.

Uranium Energy Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
LEU	74 Outperform	$5.13B	47.02	51.74%	―	15.25%	37.48%
Sector *	65 Neutral	$15.17B	7.61	4.09%	5.20%	3.87%	-62.32%
UUUU	64 Neutral	$5.54B	-49.82	-18.17%	―	103.69%	-126.48%
UEC	61 Neutral	$8.87B	-107.99	-7.29%	―	189.19%	-38.15%
URG	51 Neutral	$673.42M	-8.89	-65.17%	―	138.94%	-62.94%

Uranium Energy Corporate Events

Uranium Energy Files Quarterly Report, Highlights Advancements

On December 10, 2025, Uranium Energy Corp announced the filing of its Quarterly Report for the quarter ending October 31, 2025. The company highlighted several operational advancements, including the completion of plant upgrades at the Irigaray Central Processing Plant and the development of new wellfields at Christensen Ranch. UEC also launched the United States Uranium Refining & Conversion Corp, aiming to become the only U.S. supplier with both uranium and UF6 production capabilities. Financially, UEC reported a strong balance sheet with $698 million in cash, uranium inventory, and equities, and no debt. The company is strategically building its uranium inventory in anticipation of a tightening market and potential federal support measures following the U.S. government’s designation of uranium as a critical mineral.

The most recent analyst rating on (UEC) stock is a Hold with a $14.00 price target. To see the full list of analyst forecasts on Uranium Energy stock, see the UEC Stock Forecast page.

Uranium Energy Backs U.S. Critical Minerals Decision

On November 7, 2025, Uranium Energy Corp announced its support for the U.S. Government’s decision to add uranium to the U.S. Geological Survey’s 2025 Critical Minerals List, highlighting its significance for energy and national security. This move aligns with President Trump’s vision of restoring America’s leadership in critical minerals and supports UEC’s efforts to expand domestic nuclear fuel conversion capabilities. The inclusion of uranium is expected to revitalize U.S. uranium mining and strengthen the nuclear fuel supply chain, reducing reliance on foreign imports and enhancing national security.

The most recent analyst rating on (UEC) stock is a Hold with a $13.50 price target. To see the full list of analyst forecasts on Uranium Energy stock, see the UEC Stock Forecast page.