Energy Fuels (NYSEAMERICAN:UUUU) Reaches New 1-Year High - Here's Why

Key Points

• Energy Fuels Inc shares hit a new 52-week high at $23.45, significantly increasing from the previous close of $20.34, with a trading volume of 2,338,345 shares.
• Analysts have mixed ratings on the stock, with HC Wainwright raising its price target to $16.25 while Roth Capital downgraded it to a neutral rating with a price objective of $6.00.
• Insiders have recently sold a total of 618,724 shares valued at approximately $6.78 million, indicating some level of profit-taking amidst the stock's price surge.

Shares of Energy Fuels Inc (NYSEAMERICAN:UUUU - Get Free Report) reached a new 52-week high during trading on Monday . The stock traded as high as $23.45 and last traded at $23.45, with a volume of 2338345 shares changing hands. The stock had previously closed at $20.34.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on UUUU shares. HC Wainwright raised their price target on shares of Energy Fuels from $12.00 to $16.25 and gave the company a "buy" rating in a report 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 objective on the stock. in a research report on Friday, July 11th. Finally, B. Riley initiated coverage on shares of Energy Fuels in a research note on Wednesday, July 23rd. They issued a "buy" rating and a $9.00 price objective for the company. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has assigned a Hold rating to the company's stock. According to MarketBeat, the company has an average rating of "Buy" and an average target price of $9.25.

Energy Fuels Stock Performance

The company has a market capitalization of $5.61 billion, a price-to-earnings ratio of -49.67 and a beta of 1.79. The business's 50-day simple moving average is $12.96 and its 200-day simple moving average is $8.16.

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

Insider Activity at Energy Fuels

In other Energy Fuels news, Director Dennis Lyle Higgs sold 6,000 shares of the firm's stock in a transaction that occurred on Friday, September 19th. The shares were sold at an average price of $14.88, for a total transaction of $89,280.00. Following the sale, the director directly owned 218,881 shares in the company, valued at approximately $3,256,949.28. This trade represents a 2.67% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, VP Scott Bakken sold 4,629 shares of the firm'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 transaction, the vice president directly owned 108,817 shares of the company's stock, valued at $1,305,804. This represents a 4.08% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 618,724 shares of company stock worth $6,782,959 in the last ninety days. Company insiders own 1.92% of the company's stock.

Institutional Investors Weigh In On Energy Fuels

A number of institutional investors have recently modified their holdings of the business. Matauro LLC bought a new stake in shares of Energy Fuels in the third quarter valued at about $3,282,000. Accel Wealth Management bought a new stake in shares of Energy Fuels in the third quarter valued at about $430,000. Corient Private Wealth LLC boosted its position in shares of Energy Fuels by 34.4% in the second quarter. Corient Private Wealth LLC now owns 78,057 shares of the company's stock valued at $449,000 after acquiring an additional 20,000 shares during the period. Silverlake Wealth Management LLC bought a new stake in shares of Energy Fuels in the second quarter valued at about $65,000. Finally, Geneos Wealth Management Inc. boosted its position in shares of Energy Fuels by 27.7% in the second quarter. Geneos Wealth Management Inc. now owns 59,851 shares of the company's stock valued at $344,000 after acquiring an additional 13,000 shares during the period. Institutional investors 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.

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