Energy Fuels (NYSEAMERICAN:UUUU) Reaches New 1-Year High - What's Next?

Key Points

• Energy Fuels Inc hit a new 52-week high, trading as high as $15.41, with significant volume of over 8.35 million shares during the trading session.
• Brokerage firm HC Wainwright raised its price target for Energy Fuels to $16.25 and issued a "buy" rating, while Roth Capital downgraded the stock to "neutral" with a target of $6.00.
• Insiders have recently sold a combined total of 618,724 shares valued at approximately $6.78 million, indicating a decrease in their ownership of the stock.

Energy Fuels Inc (NYSEAMERICAN:UUUU - Get Free Report)'s share price reached a new 52-week high during mid-day trading on Monday . The company traded as high as $15.41 and last traded at $15.34, with a volume of 8357271 shares trading hands. The stock had previously closed at $14.86.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on UUUU shares. HC Wainwright boosted their price target on shares of Energy Fuels from $12.00 to $16.25 and gave the company a "buy" rating in a research note on Wednesday, September 17th. Roth Capital downgraded shares of Energy Fuels from a "buy" rating to a "neutral" rating and set a $6.00 price target on the stock. in a research note on Friday, July 11th. Finally, B. Riley started coverage on shares of Energy Fuels in a research note on Wednesday, July 23rd. They issued a "buy" rating and a $9.00 price target on the stock. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has given a Hold rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Buy" and an average price target of $9.25.

Energy Fuels Stock Performance

The firm's 50 day moving average is $10.72 and its two-hundred day moving average is $6.86. The stock has a market capitalization of $3.57 billion, a PE ratio of -32.82 and a beta of 1.76.

Energy Fuels (NYSEAMERICAN:UUUU - Get Free Report) last announced its earnings results on Wednesday, August 6th. The company reported ($0.10) earnings per share for the quarter, missing the consensus estimate of ($0.04) by ($0.06). Energy Fuels had a negative return on equity of 17.41% and a negative net margin of 143.05%.The business had revenue of $4.21 million for the quarter. The company's quarterly revenue was up –51.7% compared to the same quarter last year. On average, analysts anticipate that Energy Fuels Inc will post -0.1 EPS for the current year.

Insider Buying and Selling

In related news, Director J. Birks Bovaird sold 10,000 shares of the company's stock in a transaction that occurred on Friday, September 19th. The shares were sold at an average price of $14.85, for a total transaction of $148,500.00. Following the sale, the director directly owned 195,617 shares of the company's stock, valued at $2,904,912.45. This represents a 4.86% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Scott Bakken sold 4,629 shares of the company's stock in a transaction that occurred on Thursday, August 28th. The stock was sold at an average price of $12.00, for a total transaction of $55,548.00. Following the sale, the vice president directly owned 108,817 shares in the company, valued at approximately $1,305,804. The trade was a 4.08% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 618,724 shares of company stock valued at $6,782,959 in the last ninety days. Company insiders own 1.92% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. SBI Securities Co. Ltd. grew its holdings in Energy Fuels by 27.5% during the 2nd quarter. SBI Securities Co. Ltd. now owns 6,238 shares of the company's stock worth $36,000 after acquiring an additional 1,344 shares in the last quarter. D.A. Davidson & CO. grew its holdings in Energy Fuels by 3.0% during the 2nd quarter. D.A. Davidson & CO. now owns 50,590 shares of the company's stock worth $291,000 after acquiring an additional 1,493 shares in the last quarter. Wedbush Securities Inc. grew its holdings in Energy Fuels by 15.8% during the 2nd quarter. Wedbush Securities Inc. now owns 12,850 shares of the company's stock worth $74,000 after acquiring an additional 1,750 shares in the last quarter. PNC Financial Services Group Inc. grew its holdings in Energy Fuels by 27.1% during the 2nd quarter. PNC Financial Services Group Inc. now owns 8,649 shares of the company's stock worth $50,000 after acquiring an additional 1,844 shares in the last quarter. Finally, ProShare Advisors LLC grew its holdings in Energy Fuels by 5.2% during the 2nd quarter. ProShare Advisors LLC now owns 42,712 shares of the company's stock worth $246,000 after acquiring an additional 2,116 shares in the last quarter. Institutional investors and hedge funds own 48.24% of the company's stock.

About Energy Fuels

Energy Fuels Inc, together with its subsidiaries, engages in the extraction, recovery, recycling, exploration, permitting, evaluation, and sale of uranium mineral properties in the United States. The company produces and sells vanadium pentoxide, rare earth elements, and heavy mineral sands, such as ilmenite, rutile, zircon, and monazite.