Uranium Energy Corp Sees Surge in Bullish Options Activity with 64,091 Call Options Traded, Implied Volatility Climbs to 81.45%

Uranium Energy (UEC) saw a significant surge in bullish options activity, with 64,091 call options traded, 35 times the typical volume. Implied volatility increased to 81.45%, with the most actively traded options being the 5/23 weekly calls at the $6 strike and the 5/30 weekly calls at the $5.5 strike. Analysts forecast an average target price of $10.14, implying an upside of 64.68% from the current price of $6.16.

Uranium Energy (UEC) has experienced a significant surge in bullish options activity, with 64,091 call options traded, which is 35 times the typical volume [1]. This surge led to an increase in implied volatility, climbing over 15 points to reach 81.45%. The most actively traded options were the 5/23 weekly calls at the $6 strike and the 5/30 weekly calls at the $5.5 strike, collectively accounting for about 28,200 contracts. The Put/Call Ratio stands at a low 0.04, reflecting a predominantly bullish sentiment [1].

Wall Street analysts forecast an average target price of $10.14, implying an upside of 64.68% from the current price of $6.16 [1]. The consensus recommendation from 7 brokerage firms is "Outperform," with an average brokerage recommendation of 2.0 [1].

GuruFocus estimates the GF Value for Uranium Energy Corp (UEC) in one year to be $10.66, suggesting an upside of 73.08% from the current price of $6.1591 [1].

References:
[1] https://www.gurufocus.com/news/2886355/uranium-energy-uec-sees-surge-in-bullish-options-activity-uec-stock-news