Energy Fuels (NYSEAMERICAN:UUUU) Shares Down 12.4% - What's Next?

Key Points

• Energy Fuels Inc. shares saw a significant decline of 12.4%, trading as low as $8.91, following a close at $10.32.
• Analyst ratings are mixed, with HC Wainwright setting a new price target of $12.00, while Roth Capital downgraded their rating to neutral with a target of $6.00.
• Recent insider trading activity includes EVP Timothy James Carstens selling 250,000 shares, indicating a significant drop of 48.35% in his holdings.

Energy Fuels Inc (NYSEAMERICAN:UUUU - Get Free Report) shares traded down 12.4% during trading on Tuesday . The stock traded as low as $8.91 and last traded at $9.04. 8,249,945 shares changed hands during mid-day trading, a decline of 16% from the average session volume of 9,860,516 shares. The stock had previously closed at $10.32.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on UUUU. HC Wainwright reaffirmed a "buy" rating and set a $12.00 price target (up from $10.00) on shares of Energy Fuels in a research note on Friday, August 8th. B. Riley started coverage on Energy Fuels in a report on Wednesday, July 23rd. They set a "buy" rating and a $9.00 price objective for the company. Finally, Roth Capital cut Energy Fuels from a "buy" rating to a "neutral" rating and set a $6.00 target price on the stock. in a report on Friday, July 11th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has given a Hold rating to the company's stock. According to MarketBeat, the stock has an average rating of "Buy" and a consensus target price of $8.19.

Energy Fuels Stock Performance

The stock has a market cap of $1.86 billion, a P/E ratio of -17.04 and a beta of 1.71. The stock has a 50-day moving average price of $7.65 and a 200-day moving average price of $5.70.

Insider Buying and Selling

In other news, EVP Timothy James Carstens sold 250,000 shares of the stock in a transaction on Friday, August 8th. The shares were sold at an average price of $10.44, for a total value of $2,610,000.00. Following the transaction, the executive vice president owned 267,029 shares of the company's stock, valued at $2,787,782.76. This represents a 48.35% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Over the last three months, insiders have sold 468,597 shares of company stock valued at $3,802,142. 1.92% of the stock is owned by insiders.

Institutional Trading of Energy Fuels

Hedge funds have recently bought and sold shares of the company. Byrne Asset Management LLC boosted its stake in Energy Fuels by 114.6% in the first quarter. Byrne Asset Management LLC now owns 7,727 shares of the company's stock worth $29,000 after buying an additional 4,127 shares in the last quarter. Sterling Capital Management LLC lifted its holdings in shares of Energy Fuels by 793.4% in the 4th quarter. Sterling Capital Management LLC now owns 5,923 shares of the company's stock worth $30,000 after acquiring an additional 5,260 shares during the last quarter. Lionstone Capital Management LLC purchased a new stake in shares of Energy Fuels in the 4th quarter valued at $35,000. SBI Securities Co. Ltd. boosted 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 in the last quarter. Finally, Adams Wealth Management bought a new position in shares of Energy Fuels during the 1st quarter valued at $37,000. 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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