Market Update: enCore Energy Corp (EU) Sees Negative Movement, Closing at 4.73

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In the latest session, enCore Energy Corp (NASDAQ: EU) closed at $4.73 down -4.25% from its previous closing price of $4.94. In other words, the price has decreased by -$4.25 from its previous closing price. On the day, 1.26 million shares were traded. EU stock price reached its highest trading level at $4.97 during the session, while it also had its lowest trading level at $4.68.

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 4.03 and its Current Ratio is at 4.04. In the meantime, Its Debt-to-Equity ratio is 0.08 whereas as Long-Term Debt/Eq ratio is at 0.08.

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 867425216 and an Enterprise Value of 891166656.

Stock Price History:

Over the past 52 weeks, EU has reached a high of $5.05, while it has fallen to a 52-week low of $1.93. The 50-Day Moving Average of the stock is 10.34%, while the 200-Day Moving Average is calculated to be 28.95%.

Shares Statistics:

For the past three months, EU has traded an average of 1.21M shares per day and 1313890 over the past ten days. A total of 181.34M shares are outstanding, with a floating share count of 177.72M. Insiders hold about 2.00% of the company’s shares, while institutions hold 40.85% stake in the company. Shares short for EU as of 1713139200 were 4451591 with a Short Ratio of 3.67, compared to 1710460800 on 4085817.

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