Energy Fuels (NYSEAMERICAN:UUUU) Shares Down 7.4% - Here's Why

Key Points

• Energy Fuels Inc's share price declined by 7.4%, trading as low as $24.04 before closing at $24.29, with trading volume up by 187% compared to average levels.
• Analysts have mixed views on Energy Fuels, with Roth Capital downgrading the stock to a "neutral" rating and a price target of $6.00, while HC Wainwright raised its price target to $16.25 with a "buy" rating.
• The company reported a loss of $0.10 EPS in its latest earnings, missing expectations, with revenue of $4.21 million, a 51.7% decline from the previous year.

Energy Fuels Inc (NYSEAMERICAN:UUUU - Get Free Report)'s share price fell 7.4% on Wednesday . The company traded as low as $24.04 and last traded at $24.29. 35,543,738 shares traded hands during trading, an increase of 187% from the average session volume of 12,374,676 shares. The stock had previously closed at $26.23.

Wall Street Analyst Weigh In

UUUU has been the subject of a number of analyst reports. Roth Capital downgraded shares of Energy Fuels from a "buy" rating to a "neutral" rating and set a $6.00 price target for the company. in a report on Friday, July 11th. B. Riley initiated coverage on shares of Energy Fuels in a report on Wednesday, July 23rd. They issued a "buy" rating and a $9.00 price target for the company. Finally, HC Wainwright increased 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. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, Energy Fuels currently has a consensus rating of "Buy" and a consensus target price of $9.25.

Energy Fuels Price Performance

The company has a market capitalization of $5.80 billion, a PE ratio of -51.29 and a beta of 1.79. The company's fifty day moving average is $13.57 and its 200-day moving average is $8.43.

Energy Fuels (NYSEAMERICAN:UUUU - Get Free Report) last issued its quarterly earnings data 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 business had revenue of $4.21 million for the quarter. The business's revenue for the quarter was up –51.7% compared to the same quarter last year. Equities research analysts forecast that Energy Fuels Inc will post -0.1 EPS for the current fiscal year.

Insider Activity

In other Energy Fuels news, Director Dennis Lyle Higgs sold 6,000 shares of the company's stock in a transaction on Friday, September 19th. The shares were sold at an average price of $14.88, for a total value of $89,280.00. Following the sale, the director directly owned 218,881 shares of the company's stock, valued at approximately $3,256,949.28. This represents a 2.67% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director J. Birks Bovaird sold 10,000 shares of the company's stock in a transaction on Friday, September 19th. The shares were sold at an average price of $14.85, for a total transaction of $148,500.00. Following the completion of the sale, the director directly owned 195,617 shares in the company, valued at approximately $2,904,912.45. The trade was a 4.86% 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 valued at $6,782,959 over the last ninety days. 1.92% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of UUUU. Farther Finance Advisors LLC raised its holdings in Energy Fuels by 3,820.9% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,686 shares of the company's stock valued at $26,000 after acquiring an additional 1,643 shares during the last quarter. SBI Securities Co. Ltd. grew 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 buying an additional 1,344 shares during the period. Adams Wealth Management purchased a new stake in shares of Energy Fuels in the 1st quarter valued at approximately $37,000. CacheTech Inc. purchased a new stake in shares of Energy Fuels in the 1st quarter valued at approximately $37,000. Finally, Joel Isaacson & Co. LLC purchased a new stake in shares of Energy Fuels in the 1st quarter valued at approximately $38,000. Institutional investors and hedge funds 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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