Energy Fuels (NYSEAMERICAN:UUUU) Sees Large Volume Increase - Here's Why

Key Points

• Energy Fuels experienced a significant trading volume of 9,373,224 shares, although this represents a 15% decline from the previous session's volume.
• HC Wainwright upgraded Energy Fuels' target price from $12.00 to $16.25 and continues to hold a "buy" rating, while Roth Capital downgraded the stock to "neutral" with a target price of $6.00.
• Insider trades have shown notable activity, with VP Scott Bakken selling 4,629 shares and Director J. Birks Bovaird selling 10,000 shares, indicating a trend of insider selling over the last ninety days.

Shares of Energy Fuels Inc (NYSEAMERICAN:UUUU - Get Free Report) saw strong trading volume on Wednesday . 9,373,224 shares were traded during mid-day trading, a decline of 15% from the previous session's volume of 11,082,406 shares.The stock last traded at $15.02 and had previously closed at $15.35.

Analyst Upgrades and Downgrades

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

Energy Fuels Price Performance

The firm's fifty day moving average price is $11.65 and its two-hundred day moving average price is $7.39. The stock has a market cap of $3.41 billion, a P/E ratio of -31.27 and a beta of 1.76.

Energy Fuels (NYSEAMERICAN:UUUU - Get Free Report) last posted its quarterly earnings data 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). The company had revenue of $4.21 million for the quarter. Energy Fuels had a negative net margin of 143.05% and a negative return on equity of 17.41%. The business's revenue was up –51.7% on a year-over-year basis. On average, research analysts expect that Energy Fuels Inc will post -0.1 earnings per share for the current fiscal year.

Insider Activity at Energy Fuels

In other Energy Fuels news, VP Scott Bakken sold 4,629 shares of the business's stock in a transaction dated Thursday, August 28th. The shares were sold at an average price of $12.00, for a total value of $55,548.00. Following the transaction, the vice president 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director J. Birks Bovaird sold 10,000 shares of the stock in a transaction dated Friday, September 19th. The stock was sold at an average price of $14.85, for a total transaction of $148,500.00. Following the sale, the director owned 195,617 shares of the company's stock, valued at approximately $2,904,912.45. This represents a 4.86% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 618,724 shares of company stock worth $6,782,959 in the last ninety days. 1.92% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Alps Advisors Inc. raised its holdings in Energy Fuels by 29.0% in the first quarter. Alps Advisors Inc. now owns 15,933,699 shares of the company's stock worth $59,433,000 after purchasing an additional 3,584,798 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in Energy Fuels by 10.8% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 12,670,863 shares of the company's stock valued at $46,927,000 after acquiring an additional 1,231,484 shares during the period. Ameriprise Financial Inc. boosted its position in shares of Energy Fuels by 4.7% in the 2nd quarter. Ameriprise Financial Inc. now owns 9,203,210 shares of the company's stock worth $52,918,000 after purchasing an additional 410,894 shares in the last quarter. Kingstone Capital Partners Texas LLC purchased a new stake in shares of Energy Fuels in the second quarter worth $29,525,000. Finally, Bank of America Corp DE increased its holdings in shares of Energy Fuels by 93.6% during the second quarter. Bank of America Corp DE now owns 4,366,108 shares of the company's stock valued at $25,105,000 after acquiring an additional 2,111,466 shares in the last quarter. Hedge funds and other institutional investors own 48.24% of the company's stock.

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.

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