Energy Fuels (NYSEAMERICAN:UUUU) Sets New 12-Month High - Should You Buy?

Key Points

• Energy Fuels Inc reached a new 52-week high of $14.12 during mid-day trading, with a last traded price of $13.82 and a trading volume of approximately 19.3 million shares.
• Brokerages have mixed ratings on the stock, with a consensus rating of "Buy" and an average target price of $8.19, while recent reports indicate price objectives vary from $6.00 to $12.00.
• Insider selling activity has been notable, with executives selling a combined total of over 591,000 shares recently, reflecting a decline in their holdings.

Energy Fuels Inc (NYSEAMERICAN:UUUU - Get Free Report)'s share price hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $14.12 and last traded at $13.82, with a volume of 19339935 shares traded. The stock had previously closed at $11.93.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on UUUU. HC Wainwright reaffirmed a "buy" rating and issued a $12.00 price objective (up previously from $10.00) on shares of Energy Fuels in a research report on Friday, August 8th. 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 began coverage on shares of Energy Fuels in a research report on Wednesday, July 23rd. They issued a "buy" rating and a $9.00 price objective on the stock. One equities 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, the stock has a consensus rating of "Buy" and an average target price of $8.19.

Energy Fuels Trading Up 15.8%

The company has a market cap of $3.07 billion, a PE ratio of -28.20 and a beta of 1.76. The firm's 50-day simple moving average is $9.91 and its two-hundred day simple moving average is $6.53.

Energy Fuels (NYSEAMERICAN:UUUU - Get Free Report) last released 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). The company had revenue of $4.21 million for the quarter. Energy Fuels had a negative return on equity of 17.41% and a negative net margin of 143.05%.The company's quarterly revenue was up –51.7% on a year-over-year basis. As a group, analysts predict that Energy Fuels Inc will post -0.1 EPS for the current year.

Insider Activity at Energy Fuels

In other Energy Fuels news, EVP Timothy James Carstens sold 250,000 shares of the business's stock in a transaction that occurred on Friday, August 8th. The shares were sold at an average price of $10.44, for a total transaction of $2,610,000.00. Following the sale, the executive vice president owned 267,029 shares of the company's stock, valued at approximately $2,787,782.76. The trade was a 48.35% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Dennis Lyle Higgs sold 10,000 shares of Energy Fuels stock in a transaction that occurred on Thursday, September 11th. The shares were sold at an average price of $12.63, for a total transaction of $126,300.00. Following the sale, the director owned 236,381 shares of the company's stock, valued at approximately $2,985,492.03. The trade was a 4.06% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 591,224 shares of company stock worth $6,384,109 in the last quarter. 1.92% of the stock is currently owned by company insiders.

Institutional Trading of Energy Fuels

Institutional investors and hedge funds have recently bought and sold shares of the business. Byrne Asset Management LLC lifted its stake in Energy Fuels by 114.6% during the 1st quarter. Byrne Asset Management LLC now owns 7,727 shares of the company's stock valued at $29,000 after acquiring an additional 4,127 shares during the period. SBI Securities Co. Ltd. lifted its stake in shares of Energy Fuels by 27.5% in the 2nd 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 period. Adams Wealth Management acquired a new position in shares of Energy Fuels in the 1st quarter valued at $37,000. CacheTech Inc. acquired a new position in shares of Energy Fuels in the 1st quarter valued at $37,000. Finally, Joel Isaacson & Co. LLC acquired a new position in shares of Energy Fuels in the 1st quarter valued at $38,000. 48.24% of the stock is currently owned by institutional investors and hedge funds.

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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