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

Key Points

• Energy Fuels' shares opened lower at $15.12 after closing at $16.87, reflecting a significant gap down in price.
• The company's latest quarterly earnings reported a loss of ($0.10) per share, missing estimates, while revenue decreased by 51.7% year-over-year.
• Recent analyst ratings are mixed; with one upgrade setting a price target at $16.25, while another downgrade reflects a target of $6.00.

Energy Fuels Inc (NYSEAMERICAN:UUUU - Get Free Report)'s share price gapped down prior to trading on Thursday . The stock had previously closed at $16.87, but opened at $15.12. Energy Fuels shares last traded at $15.93, with a volume of 5,893,181 shares trading hands.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. B. Riley assumed coverage on Energy Fuels in a report on Wednesday, July 23rd. They issued a "buy" rating and a $9.00 price objective for the company. Roth Capital downgraded Energy Fuels from a "buy" rating to a "neutral" rating and set a $6.00 price objective for the company. in a report on Friday, July 11th. Finally, HC Wainwright increased their price objective on Energy Fuels from $12.00 to $16.25 and gave the company a "buy" rating in a report on Wednesday, September 17th. One investment 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's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Buy" and an average price target of $9.25.

Energy Fuels Stock Up 1.8%

The company has a fifty day moving average of $11.07 and a two-hundred day moving average of $7.03. The stock has a market capitalization of $3.82 billion, a price-to-earnings ratio of -35.04 and a beta of 1.76.

Energy Fuels (NYSEAMERICAN:UUUU - Get Free Report) last issued its quarterly 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). Energy Fuels had a negative return on equity of 17.41% and a negative net margin of 143.05%.The company had revenue of $4.21 million for the quarter. Energy Fuels's quarterly revenue was up –51.7% compared to the same quarter last year. Equities analysts anticipate that Energy Fuels Inc will post -0.1 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director Dennis Lyle Higgs sold 6,000 shares of the stock in a transaction on Friday, September 19th. The stock was sold at an average price of $14.88, for a total transaction of $89,280.00. Following the completion of the sale, the director directly owned 218,881 shares of the company's stock, valued at $3,256,949.28. This trade represents a 2.67% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP Scott Bakken sold 4,629 shares of the stock in a transaction on Thursday, August 28th. The stock was sold at an average price of $12.00, for a total value of $55,548.00. Following the sale, the vice president directly owned 108,817 shares of the company's stock, valued at approximately $1,305,804. This represents a 4.08% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 618,724 shares of company stock valued at $6,782,959 over the last three months. 1.77% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the business. Silverlake Wealth Management LLC purchased a new position in Energy Fuels in the second quarter worth $65,000. Geneos Wealth Management Inc. raised its position in Energy Fuels by 27.7% in the second quarter. Geneos Wealth Management Inc. now owns 59,851 shares of the company's stock worth $344,000 after acquiring an additional 13,000 shares in the last quarter. Tower Research Capital LLC TRC increased its position in shares of Energy Fuels by 30.4% in the second quarter. Tower Research Capital LLC TRC now owns 24,005 shares of the company's stock valued at $138,000 after buying an additional 5,595 shares in the last quarter. Corient Private Wealth LLC increased its position in shares of Energy Fuels by 34.4% in the second quarter. Corient Private Wealth LLC now owns 78,057 shares of the company's stock valued at $449,000 after buying an additional 20,000 shares in the last quarter. Finally, Vident Advisory LLC increased its position in shares of Energy Fuels by 15.6% in the second quarter. Vident Advisory LLC now owns 2,391,055 shares of the company's stock valued at $13,749,000 after buying an additional 322,195 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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