Market Insight: enCore Energy Corp (EU)’s Notable Drop, Closing at 4.16

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In the latest session, enCore Energy Corp (NASDAQ: EU) closed at $4.16 down -4.81% from its previous closing price of $4.37. In other words, the price has decreased by -$4.81 from its previous closing price. On the day, 1.61 million shares were traded. EU stock price reached its highest trading level at $4.35 during the session, while it also had its lowest trading level at $4.115.

Ratios:

For a deeper understanding of enCore Energy Corp’s stock, let’s take a closer look at its various ratios. For the most recent quarter (mrq), Quick Ratio is recorded 4.61 and its Current Ratio is at 5.14. In the meantime, Its Debt-to-Equity ratio is 0.06 whereas as Long-Term Debt/Eq ratio is at 0.00.

Upgrades & Downgrades

In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, H.C. Wainwright on May 06, 2024, initiated with a Buy rating and assigned the stock a target price of $7.50.

On February 02, 2024, B. Riley Securities started tracking the stock assigning a Buy rating and target price of $6.B. Riley Securities initiated its Buy rating on February 02, 2024, with a $6 target price.

Valuation Measures:

Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, EU now has a Market Capitalization of 797189120 and an Enterprise Value of 708499072. For the stock, the TTM Price-to-Sale (P/S) ratio is 24.88 while its Price-to-Book (P/B) ratio in mrq is 2.15. Its current Enterprise Value per Revenue stands at 23.31 whereas that against EBITDA is -25.224.

Stock Price History:

The Beta on a monthly basis for EU is 1.37, which has changed by 0.77021277 over the last 52 weeks, in comparison to a change of 0.23228896 over the same period for the S&P500. Over the past 52 weeks, EU has reached a high of $5.05, while it has fallen to a 52-week low of $2.17. The 50-Day Moving Average of the stock is -4.89%, while the 200-Day Moving Average is calculated to be 2.22%.

Shares Statistics:

For the past three months, EU has traded an average of 1.16M shares per day and 818523 over the past ten days. A total of 181.73M shares are outstanding, with a floating share count of 177.64M. Insiders hold about 2.25% of the company’s shares, while institutions hold 32.27% stake in the company. Shares short for EU as of 1719532800 were 3983501 with a Short Ratio of 3.45, compared to 1717113600 on 3921992.

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