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

Key Points

• Energy Fuels Inc reached a new 52-week high, trading at $13.46 before closing at $13.08, with significant trading volume of over 24 million shares.
• Analysts have mixed opinions, with Roth Capital downgrading the stock to a "neutral" rating with a $6.00 target, while HC Wainwright maintains a "buy" rating and raises its target to $12.00.
• The company reported a loss of $0.10 EPS for the last quarter, missing expectations, and experienced a substantial 51.7% year-over-year decrease in revenue.

Energy Fuels Inc (NYSEAMERICAN:UUUU - Get Free Report)'s stock price hit a new 52-week high on Wednesday . The company traded as high as $13.46 and last traded at $13.08, with a volume of 24440323 shares changing hands. The stock had previously closed at $11.90.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on UUUU shares. 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 report on Friday, July 11th. B. Riley assumed coverage on shares of Energy Fuels in a research report on Wednesday, July 23rd. They set a "buy" rating and a $9.00 target price on the stock. Finally, HC Wainwright reissued a "buy" rating and issued a $12.00 price target (up previously from $10.00) on shares of Energy Fuels in a report on Friday, August 8th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, Energy Fuels currently has an average rating of "Buy" and a consensus price target of $8.19.

Energy Fuels Stock Performance

The stock has a market cap of $2.65 billion, a P/E ratio of -24.35 and a beta of 1.76. The firm's fifty day simple moving average is $9.76 and its 200-day simple moving average is $6.47.

Energy Fuels (NYSEAMERICAN:UUUU - Get Free Report) last released its earnings results on Wednesday, August 6th. The company reported ($0.10) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.04) by ($0.06). Energy Fuels had a negative net margin of 143.05% and a negative return on equity of 17.41%. The firm had revenue of $4.21 million during the quarter. The company's revenue for the quarter was up –51.7% on a year-over-year basis. Analysts predict that Energy Fuels Inc will post -0.1 earnings per share for the current fiscal year.

Insider Transactions at Energy Fuels

In related news, VP Saleem Drera sold 266,595 shares of Energy Fuels stock in a transaction on Monday, August 25th. The shares were sold at an average price of $11.01, for a total value of $2,935,210.95. Following the completion of the sale, the vice president owned 24,474 shares of the company's stock, valued at approximately $269,458.74. This trade represents a 91.59% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Dennis Lyle Higgs sold 20,000 shares of the company's stock in a transaction on Thursday, August 28th. The stock was sold at an average price of $11.79, for a total transaction of $235,800.00. Following the transaction, the director owned 256,381 shares in the company, valued at approximately $3,022,731.99. The trade was a 7.24% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 591,224 shares of company stock valued at $6,384,109 in the last 90 days. 1.77% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Energy Fuels

Large investors have recently made changes to their positions in the business. SBI Securities Co. Ltd. lifted its position in Energy Fuels by 27.5% in the second quarter. SBI Securities Co. Ltd. now owns 6,238 shares of the company's stock valued at $36,000 after purchasing an additional 1,344 shares during the last quarter. D.A. Davidson & CO. increased its position in Energy Fuels by 3.0% during the 2nd quarter. D.A. Davidson & CO. now owns 50,590 shares of the company's stock valued at $291,000 after purchasing an additional 1,493 shares during the period. Wedbush Securities Inc. raised its holdings in Energy Fuels by 15.8% in the 2nd quarter. Wedbush Securities Inc. now owns 12,850 shares of the company's stock worth $74,000 after purchasing an additional 1,750 shares in the last quarter. PNC Financial Services Group Inc. boosted its stake in shares of Energy Fuels by 27.1% during the 2nd quarter. PNC Financial Services Group Inc. now owns 8,649 shares of the company's stock valued at $50,000 after purchasing an additional 1,844 shares in the last quarter. Finally, ProShare Advisors LLC increased its position in shares of Energy Fuels by 5.2% during the second quarter. ProShare Advisors LLC now owns 42,712 shares of the company's stock valued at $246,000 after buying an additional 2,116 shares during the period. 48.24% of the stock is owned by hedge funds and other institutional investors.

Energy Fuels Company Profile

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.